Shares of Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $37.30 and traded as high as $45.02. Kenon shares last traded at $44.70, with a volume of 20,168 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Kenon from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.
Check Out Our Latest Stock Report on Kenon
Kenon Stock Performance
The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.44. The company has a market cap of $2.46 billion, a P/E ratio of 14.74 and a beta of 1.16. The company's 50-day moving average is $38.25 and its two-hundred day moving average is $33.95.
Kenon (NYSE:KEN - Get Free Report) last announced its earnings results on Wednesday, May 28th. The utilities provider reported $0.22 earnings per share for the quarter. Kenon had a net margin of 79.14% and a negative return on equity of 2.64%. The business had revenue of $183.00 million for the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Kenon in the fourth quarter worth $458,000. Northern Trust Corp lifted its holdings in shares of Kenon by 104.6% during the fourth quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock worth $524,000 after purchasing an additional 7,881 shares during the period. Bank of America Corp DE lifted its holdings in shares of Kenon by 1,139.9% during the fourth quarter. Bank of America Corp DE now owns 22,764 shares of the utilities provider's stock worth $774,000 after purchasing an additional 20,928 shares during the period. LPL Financial LLC acquired a new position in Kenon in the fourth quarter valued at approximately $998,000. Finally, Vanguard Group Inc. lifted its position in shares of Kenon by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 759,732 shares of the utilities provider's stock valued at $25,370,000 after buying an additional 15,249 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.
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.
Further Reading
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
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
