Kenon (NYSE:KEN) Releases Quarterly Earnings Results

Kenon (NYSE:KEN - Get Free Report) released its quarterly earnings data on Wednesday. The utilities provider reported $0.22 earnings per share for the quarter, Zacks reports. Kenon had a net margin of 22.88% and a return on equity of 2.93%. The company had revenue of $183.00 million during the quarter.

Kenon Stock Down 0.3%

NYSE:KEN traded down $0.09 on Friday, hitting $35.23. The stock had a trading volume of 14,831 shares, compared to its average volume of 14,075. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64. Kenon has a 52 week low of $23.31 and a 52 week high of $36.28. The business's fifty day moving average is $31.72 and its 200 day moving average is $31.54. The company has a market cap of $1.84 billion, a PE ratio of 11.01 and a beta of 1.08.

Kenon Increases Dividend

The company also recently declared an annual dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were paid a dividend of $4.80 per share. This is an increase from Kenon's previous annual dividend of $1.21. This represents a yield of 15.6%. The ex-dividend date of this dividend was Monday, April 14th. Kenon's dividend payout ratio is 150.00%.

Hedge Funds Weigh In On Kenon

A hedge fund recently bought a new stake in Kenon stock. Jane Street Group LLC purchased a new stake in shares of Kenon Holdings Ltd. (NYSE:KEN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,057 shares of the utilities provider's stock, valued at approximately $254,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Kenon from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.

About Kenon

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.