Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $44.63 and last traded at $43.93, with a volume of 23107 shares trading hands. The stock had previously closed at $43.78.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Kenon from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.
View Our Latest Stock Report on Kenon
Kenon Price Performance
The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 14.08 and a beta of 1.16. The stock has a 50-day simple moving average of $36.72 and a 200 day simple moving average of $33.47.
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. Kenon had a net margin of 79.14% and a negative return on equity of 2.64%. The business had revenue of $183.00 million during the quarter.
Hedge Funds Weigh In On Kenon
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Redhawk Wealth Advisors Inc. raised its holdings in shares of Kenon by 7.1% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 31,550 shares of the utilities provider's stock valued at $1,311,000 after purchasing an additional 2,079 shares in the last quarter. Vanguard Group Inc. raised its holdings in Kenon by 0.5% during the first quarter. Vanguard Group Inc. now owns 763,908 shares of the utilities provider's stock valued at $24,217,000 after buying an additional 4,176 shares in the last quarter. 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 valued at $734,000 after buying an additional 4,293 shares in the last quarter. CWA Asset Management Group LLC raised its holdings in Kenon by 31.2% during the first quarter. CWA Asset Management Group LLC now owns 29,727 shares of the utilities provider's stock valued at $951,000 after buying an additional 7,061 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Kenon by 104.6% during the fourth quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock valued at $524,000 after buying an additional 7,881 shares in the last quarter. Institutional investors own 13.38% of the company's stock.
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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