Kenon Holdings Ltd. (NYSE:KEN - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $19.77, but opened at $20.56. Kenon shares last traded at $20.37, with a volume of 14,427 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Kenon from a "sell" rating to a "hold" rating in a report on Wednesday, April 10th.
Get Our Latest Research Report on Kenon
Kenon Price Performance
The firm's 50-day moving average is $24.69 and its 200-day moving average is $23.34. The company has a market capitalization of $1.06 billion, a PE ratio of -4.45 and a beta of 1.45. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 0.66.
Kenon Increases Dividend
The business also recently announced a -- dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 8th will be given a $3.80 dividend. The ex-dividend date is Friday, April 5th. This is a positive change from Kenon's previous -- dividend of $2.79. This represents a yield of 10.5%. Kenon's payout ratio is -85.97%.
Institutional Trading of Kenon
Several institutional investors have recently added to or reduced their stakes in KEN. BNP Paribas Financial Markets boosted its position in Kenon by 1,100.0% during the fourth quarter. BNP Paribas Financial Markets now owns 1,200 shares of the utilities provider's stock valued at $29,000 after buying an additional 1,100 shares during the period. Scarborough Advisors LLC purchased a new stake in Kenon during the fourth quarter valued at about $39,000. Quantbot Technologies LP purchased a new stake in Kenon during the second quarter valued at about $48,000. Barclays PLC purchased a new stake in Kenon during the second quarter valued at about $90,000. Finally, State of Wyoming boosted its position in Kenon by 276.2% during the fourth quarter. State of Wyoming now owns 4,578 shares of the utilities provider's stock valued at $151,000 after buying an additional 3,361 shares during the period. 13.38% of the stock is currently owned by hedge funds and other institutional investors.
About Kenon
(
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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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