Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $87.90 and last traded at $86.80, with a volume of 27915 shares traded. The stock had previously closed at $87.14.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "hold (c)" rating on shares of Kenon in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Kenon has an average rating of "Hold".
Get Our Latest Stock Analysis on Kenon
Kenon Trading Down 0.7%
The firm has a market cap of $4.51 billion, a P/E ratio of 112.70 and a beta of 1.08. The business's 50-day moving average is $80.61 and its two-hundred day moving average is $65.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.10 and a quick ratio of 4.66.
Kenon (NYSE:KEN - Get Free Report) last released its earnings results on Monday, March 30th. The utilities provider reported $0.50 earnings per share for the quarter. The business had revenue of $227.93 million during the quarter. Kenon had a net margin of 11.53% and a return on equity of 2.84%.
Kenon Announces Dividend
The firm also recently announced an annual dividend, which will be paid on Monday, April 20th. Investors of record on Monday, April 13th will be given a $3.85 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a yield of 482.0%. Kenon's dividend payout ratio (DPR) is 623.38%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Kenon in the 2nd quarter valued at about $32,000. Susquehanna Advisors Group Inc. bought a new position in shares of Kenon in the 4th quarter valued at about $202,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Kenon by 24.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider's stock valued at $206,000 after acquiring an additional 610 shares during the period. PDT Partners LLC bought a new position in shares of Kenon in the 4th quarter valued at about $232,000. Finally, Jane Street Group LLC bought a new position in shares of Kenon in the 1st quarter valued at about $254,000. Institutional investors own 13.38% of the company's stock.
About Kenon
(
Get Free Report)
Kenon Holdings Ltd. NYSE: KEN is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.
One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.
Further Reading
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