Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $46.23 and last traded at $46.20, with a volume of 7594 shares trading hands. The stock had previously closed at $44.79.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Kenon from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.
Get Our Latest Analysis on Kenon
Kenon Stock Up 0.5%
The company has a debt-to-equity ratio of 0.44, a current ratio of 5.45 and a quick ratio of 5.45. The stock has a 50 day simple moving average of $38.25 and a 200-day simple moving average of $33.95. The firm has a market cap of $2.46 billion, a PE ratio of 14.74 and a beta of 1.16.
Kenon (NYSE:KEN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The utilities provider reported $0.22 EPS for the quarter. The firm had revenue of $183.00 million for the quarter. Kenon had a net margin of 79.14% and a negative return on equity of 2.64%.
Institutional Investors Weigh In On Kenon
Large investors have recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. raised its stake in shares of Kenon by 7.1% during the second quarter. Redhawk Wealth Advisors Inc. now owns 31,550 shares of the utilities provider's stock valued at $1,311,000 after acquiring an additional 2,079 shares in the last quarter. Vanguard Group Inc. grew its stake in Kenon by 0.5% in the first quarter. Vanguard Group Inc. now owns 763,908 shares of the utilities provider's stock worth $24,217,000 after purchasing an additional 4,176 shares in the last quarter. Invesco Ltd. increased its holdings in Kenon by 23.0% during the 1st quarter. Invesco Ltd. now owns 22,944 shares of the utilities provider's stock worth $734,000 after purchasing an additional 4,293 shares during the period. CWA Asset Management Group LLC raised its position in Kenon by 31.2% during the 1st quarter. CWA Asset Management Group LLC now owns 29,727 shares of the utilities provider's stock valued at $951,000 after purchasing an additional 7,061 shares in the last quarter. Finally, Northern Trust Corp raised its position in Kenon by 104.6% during the 4th quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock valued at $524,000 after purchasing an additional 7,881 shares in the last quarter. 13.38% of the stock is owned by institutional investors.
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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