Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) saw strong trading volume on Monday . 22,408 shares were traded during mid-day trading, an increase of 58% from the previous session's volume of 14,216 shares.The stock last traded at $31.94 and had previously closed at $31.24.
Analyst Ratings Changes
Separately, StockNews.com downgraded Kenon from a "hold" rating to a "sell" rating in a research report on Thursday.
Check Out Our Latest Research Report on Kenon
Kenon Trading Up 0.4%
The company has a market cap of $1.74 billion, a price-to-earnings ratio of 10.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78. The business's 50-day simple moving average is $31.55 and its 200-day simple moving average is $31.16.
Kenon Increases Dividend
The business also recently disclosed an annual dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were given a dividend of $4.80 per share. This is an increase from Kenon's previous annual dividend of $1.21. This represents a dividend yield of 15.6%. The ex-dividend date was Monday, April 14th. Kenon's payout ratio is currently 150.00%.
Institutional Investors Weigh In On Kenon
A number of large investors have recently bought and sold shares of the stock. Barclays PLC lifted its position in shares of Kenon by 4,233.3% in the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock valued at $127,000 after acquiring an additional 4,445 shares in the last quarter. Anfield Capital Management LLC raised its stake in Kenon by 100.0% in the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock valued at $317,000 after purchasing an additional 4,669 shares during the last quarter. Norges Bank acquired a new position in Kenon in the 4th quarter valued at about $458,000. Northern Trust Corp lifted its holdings in Kenon by 104.6% in 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. Finally, Nuveen LLC acquired a new stake in shares of Kenon during the 1st quarter worth about $575,000. Institutional investors and hedge funds 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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