Kenon's (KEN) "Hold (C)" Rating Reiterated at Weiss Ratings

Kenon (NYSE:KEN - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Kenon Stock Performance

Shares of NYSE:KEN opened at $47.23 on Wednesday. Kenon has a twelve month low of $26.03 and a twelve month high of $49.99. The firm has a market cap of $2.46 billion, a PE ratio of 14.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.33 and a current ratio of 4.33. The business has a fifty day moving average of $44.71 and a 200-day moving average of $39.16.

Kenon (NYSE:KEN - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The utilities provider reported $0.10 EPS for the quarter. The firm had revenue of $196.00 million during the quarter. Kenon had a negative return on equity of 2.32% and a net margin of 63.80%.

Institutional Trading of Kenon

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd increased its position in Kenon by 7.7% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,281,144 shares of the utilities provider's stock worth $135,157,000 after purchasing an additional 234,166 shares during the period. Vanguard Group Inc. increased its position in Kenon by 0.5% in the first quarter. Vanguard Group Inc. now owns 763,908 shares of the utilities provider's stock worth $24,217,000 after purchasing an additional 4,176 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kenon by 10.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 377,731 shares of the utilities provider's stock worth $15,580,000 after purchasing an additional 35,533 shares during the period. Y.D. More Investments Ltd increased its position in Kenon by 9.1% in the second quarter. Y.D. More Investments Ltd now owns 217,649 shares of the utilities provider's stock worth $8,965,000 after purchasing an additional 18,177 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Kenon by 327.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider's stock worth $3,920,000 after buying an additional 93,896 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

About Kenon

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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