Shares of Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) saw strong trading volume on Tuesday . 43,658 shares changed hands during mid-day trading, an increase of 106% from the previous session's volume of 21,213 shares.The stock last traded at $20.95 and had previously closed at $21.87.
Kenon Price Performance
The stock has a market capitalization of $1.12 billion, a P/E ratio of -4.69 and a beta of 1.45. The stock's fifty day moving average is $25.05 and its 200-day moving average is $23.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.05 and a quick ratio of 3.05.
Kenon Increases Dividend
The firm also recently disclosed a -- dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 8th will be issued a $3.80 dividend. The ex-dividend date of this dividend is Friday, April 5th. This is a boost from Kenon's previous -- dividend of $2.79. This represents a yield of 10.5%. Kenon's dividend payout ratio is currently -85.97%.
Institutional Investors Weigh In On Kenon
Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in Kenon by 1,100.0% during the 4th quarter. BNP Paribas Financial Markets now owns 1,200 shares of the utilities provider's stock worth $29,000 after acquiring an additional 1,100 shares during the last quarter. Quantbot Technologies LP acquired a new position in Kenon during the 2nd quarter worth $48,000. Scarborough Advisors LLC acquired a new position in Kenon during the 4th quarter worth $39,000. Virtu Financial LLC acquired a new position in Kenon during the 1st quarter worth $233,000. Finally, Acadian Asset Management LLC acquired a new position in Kenon during the 1st quarter worth $241,000. 13.38% of the stock is currently owned by 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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