Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 11,756 shares were traded during mid-day trading, a decline of 17% from the previous session's volume of 14,087 shares.The stock last traded at $30.48 and had previously closed at $29.71.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Kenon from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd.
Check Out Our Latest Report on Kenon
Kenon Price Performance
The company has a 50-day simple moving average of $31.55 and a 200-day simple moving average of $30.86. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 9.71 and a beta of 1.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78.
Kenon Increases Dividend
The business also recently declared an annual dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a dividend of $4.80 per share. The ex-dividend date was Monday, April 14th. This is a boost from Kenon's previous annual dividend of $1.21. This represents a dividend yield of 15.6%. Kenon's dividend payout ratio is 150.00%.
Institutional Trading of Kenon
Several hedge funds and other institutional investors have recently made changes to their positions in KEN. Barclays PLC lifted its position in shares of Kenon by 4,233.3% during the 3rd 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 during the period. JPMorgan Chase & Co. acquired a new position in Kenon during the third quarter worth $1,136,000. CWA Asset Management Group LLC boosted its position in Kenon by 25.7% during the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider's stock worth $771,000 after purchasing an additional 4,632 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in Kenon in the fourth quarter valued at $746,000. Finally, Y.D. More Investments Ltd grew its holdings in Kenon by 2.8% in the fourth quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider's stock valued at $6,885,000 after purchasing an additional 5,705 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.
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.
Further Reading
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