Kenon (NYSE:KEN - Get Free Report) announced its earnings results on Wednesday. The utilities provider reported $0.22 EPS for the quarter, Zacks reports. The business had revenue of $183.00 million during the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%.
Kenon Stock Up 1.9%
KEN stock traded up $0.66 during mid-day trading on Thursday, hitting $35.37. The stock had a trading volume of 41,790 shares, compared to its average volume of 14,110. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. Kenon has a 1-year low of $23.31 and a 1-year high of $36.28. The company has a fifty day moving average of $31.66 and a 200 day moving average of $31.47. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 11.05 and a beta of 1.08.
Kenon Increases Dividend
The company also recently announced an annual dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a $4.80 dividend. This is a positive change from Kenon's previous annual dividend of $1.21. This represents a yield of 15.6%. The ex-dividend date was Monday, April 14th. Kenon's dividend payout ratio is presently 150.00%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Kenon stock. Jane Street Group LLC acquired a new stake in shares of Kenon Holdings Ltd. (NYSE:KEN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,057 shares of the utilities provider's stock, valued at approximately $254,000. Hedge funds and other institutional investors own 13.38% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Kenon from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.
Get Our Latest Stock Analysis on Kenon
Kenon Company Profile
(
Get Free Report)
Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.
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