Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $34.71, but opened at $36.26. Kenon shares last traded at $35.85, with a volume of 24,802 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Kenon from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.
Check Out Our Latest Stock Report on KEN
Kenon Stock Up 1.0%
The stock's fifty day moving average price is $31.72 and its 200 day moving average price is $31.56. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.85 billion, a P/E ratio of 11.10 and a beta of 1.08.
Kenon (NYSE:KEN - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The utilities provider reported $0.22 earnings per share 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 for the quarter.
Kenon Increases Dividend
The firm also recently disclosed an annual dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a $4.80 dividend. This is a boost from Kenon's previous annual dividend of $1.21. The ex-dividend date was Monday, April 14th. This represents a dividend yield of 15.6%. Kenon's dividend payout ratio is 150.00%.
Hedge Funds Weigh In On Kenon
Large investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd boosted its position in Kenon by 2.8% during 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 buying an additional 5,705 shares during the period. Anfield Capital Management LLC boosted its holdings in Kenon by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock valued at $317,000 after acquiring an additional 4,669 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its holdings in 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 acquiring an additional 88,762 shares during the period. LPL Financial LLC bought a new position in Kenon during the 4th quarter worth approximately $998,000. Finally, Vanguard Group Inc. increased its stake in Kenon by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 759,732 shares of the utilities provider's stock worth $25,370,000 after purchasing an additional 15,249 shares during the period. Hedge funds and other institutional investors 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.
Featured Stories
Before you consider Kenon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kenon wasn't on the list.
While Kenon currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
