Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $39.16 and traded as high as $49.99. Kenon shares last traded at $49.46, with a volume of 44,292 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of Kenon from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.
Get Our Latest Analysis on Kenon
Kenon Stock Down 2.6%
The firm has a 50-day moving average of $39.16 and a two-hundred day moving average of $34.27. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 15.07 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 earnings results on Wednesday, May 28th. The utilities provider reported $0.22 earnings per share for the quarter. The company had revenue of $183.00 million for the quarter. Kenon had a negative return on equity of 2.64% and a net margin of 79.14%.
Hedge Funds Weigh In On Kenon
Hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Kenon in the fourth quarter valued at about $458,000. Northern Trust Corp lifted its holdings in shares of Kenon by 104.6% during the 4th 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 during the last quarter. Bank of America Corp DE grew its stake in shares of Kenon by 1,139.9% in the 4th quarter. Bank of America Corp DE now owns 22,764 shares of the utilities provider's stock valued at $774,000 after buying an additional 20,928 shares in the last quarter. LPL Financial LLC acquired a new position in Kenon in the fourth quarter worth approximately $998,000. Finally, Vanguard Group Inc. increased its holdings in Kenon by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 759,732 shares of the utilities provider's stock worth $25,370,000 after buying an additional 15,249 shares during the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.
About Kenon
(
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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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