Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $30.82, but opened at $30.06. Kenon shares last traded at $29.76, with a volume of 5,098 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Kenon from a "hold" rating to a "sell" rating in a report on Wednesday, April 23rd.
Get Our Latest Stock Report on KEN
Kenon Price Performance
The business has a fifty day moving average of $31.76 and a 200 day moving average of $30.75. 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 stock has a market cap of $1.55 billion, a PE ratio of 9.28 and a beta of 1.31.
Kenon Increases Dividend
The business also recently declared an annual dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were issued a $4.80 dividend. The ex-dividend date of this dividend was Monday, April 14th. This is a boost from Kenon's previous annual dividend of $1.21. This represents a yield of 15.6%. Kenon's dividend payout ratio is currently 150.00%.
Institutional Investors Weigh In On Kenon
Institutional investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Kenon by 3.3% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,782,978 shares of the utilities provider's stock valued at $92,868,000 after buying an additional 88,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Kenon by 11.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 425,549 shares of the utilities provider's stock valued at $14,214,000 after purchasing an additional 43,694 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Kenon during the 3rd quarter worth approximately $1,136,000. LPL Financial LLC bought a new stake in shares of Kenon in the 4th quarter worth approximately $998,000. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Kenon during the 4th quarter valued at approximately $746,000. 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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