Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $35.97, but opened at $34.87. Kenon shares last traded at $34.78, with a volume of 3,876 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of Kenon from a "hold" rating to a "sell" rating in a report on Thursday, May 15th.
Read Our Latest Report on KEN
Kenon Stock Down 1.3%
The firm's 50-day simple moving average is $32.54 and its 200 day simple moving average is $31.96. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78. The company has a market cap of $1.81 billion, a P/E ratio of 10.83 and a beta of 1.12.
Kenon (NYSE:KEN - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The utilities provider reported $0.22 EPS for the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%. The business had revenue of $183.00 million during the quarter.
Kenon Increases Dividend
The company also recently declared an annual dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were given a $4.80 dividend. This represents a dividend yield of 15.6%. This is an increase from Kenon's previous annual dividend of $1.21. The ex-dividend date of this dividend was Monday, April 14th. Kenon's dividend payout ratio (DPR) is currently 150.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Anfield Capital Management LLC raised its holdings in Kenon by 100.0% in the fourth quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock worth $317,000 after purchasing an additional 4,669 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Kenon by 3.3% in 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 period. LPL Financial LLC bought a new stake in shares of Kenon in the 4th quarter valued at $998,000. Vanguard Group Inc. raised its stake in Kenon by 2.0% during the 4th 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 period. Finally, JPMorgan Chase & Co. raised its stake in Kenon by 30.5% during the 4th quarter. JPMorgan Chase & Co. now owns 53,116 shares of the utilities provider's stock worth $1,806,000 after buying an additional 12,415 shares during the period. 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.
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