Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $44.63 and last traded at $43.93, with a volume of 23107 shares. The stock had previously closed at $43.78.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Kenon from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.
Check Out Our Latest Report on KEN
Kenon Stock Performance
The stock has a 50-day moving average price of $36.14 and a 200 day moving average price of $33.26. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 14.36 and a beta of 1.16. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.44.
Kenon (NYSE:KEN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The utilities provider reported $0.22 earnings per share for the quarter. The company had revenue of $183.00 million during the quarter. Kenon had a negative return on equity of 2.64% and a net margin of 79.14%.
Institutional Trading of Kenon
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of Kenon in the first quarter valued at approximately $254,000. Norges Bank purchased a new position in Kenon during the 4th quarter worth $458,000. Northern Trust Corp boosted its holdings in shares of Kenon by 104.6% in the fourth quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock valued at $524,000 after acquiring an additional 7,881 shares in the last quarter. Nuveen LLC acquired a new position in shares of Kenon during the first quarter worth about $575,000. Finally, Invesco Ltd. raised its holdings in Kenon by 23.0% during the first quarter. Invesco Ltd. now owns 22,944 shares of the utilities provider's stock worth $734,000 after purchasing an additional 4,293 shares in the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.
About Kenon
(
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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