NYSE:KEN

Kenon (KEN) Stock Forecast, Price & News

$25.40

+0.19 (+0.75%)

(As of 06/2/2023 ET)

Compare

Today's Range: $25.20
▼
$25.54
50-Day Range: $25.21
▼
$31.84
52-Week Range: $25.00
▼
$59.75

Volume: 12,551 shs
Average Volume: 23,764 shs
Market Capitalization: $1.37 billion

P/E Ratio: 4.38
Dividend Yield: 10.98%
Price Target: N/A

Kenon MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.21% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.81
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Utilities Sector

64th out of 84 stocks

Electric Services Industry

32nd out of 41 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Kenon.

3.0

Short Interest

Percentage of Shares Shorted
0.21% of the float of Kenon has been sold short.
Short Interest Ratio / Days to Cover
Kenon has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Kenon has recently increased by 26.21%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Kenon is a leading dividend payer. It pays a dividend yield of 10.93%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Kenon does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Kenon is 48.10%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for KEN.

3.2

News and Social Media Coverage

News Sentiment
Kenon has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Kenon this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for KEN on MarketBeat in the last 30 days. This is a decrease of -88% compared to the previous 30 days.
MarketBeat Follows
4 people have added Kenon to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Kenon insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.14% of the stock of Kenon is held by insiders.
Percentage Held by Institutions
Only 6.42% of the stock of Kenon is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Kenon is 4.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of Kenon is 4.38, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 86.84.
Price to Book Value per Share Ratio
Kenon has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Kenon (NYSE:KEN) Stock

Kenon Holdings Ltd. is an investment company, which engages in the operation of growth-oriented businesses. It operates through the following segments: OPC, Quantum and ZIM. The OPC segment include initiation, development, construction and operation of power plants and the sale and supply of electricity under OPC Energy Ltd and its subsidiaries. The Quantum segment comprises interest in Qoros Automotive Co. Ltd., an automotive company. The ZIM segment covers ZIM Integrated Shipping Services, Ltd., an associated company, an Israeli global container shipping company. The company was founded on March 7, 2014 and is headquartered in Singapore.

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KEN Stock News Headlines

May 29, 2023 | msn.com

Willy Paul Reveals Plans To Marry Miss P

May 25, 2023 | americanbankingnews.com

Kenon (NYSE:KEN) Trading Down 3.3%

June 3, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

May 24, 2023 | msn.com

Ryan Seacrest, Jaren Jackson Jr. help celebrate opening of Seacrest Studios at Le Bonheur

May 23, 2023 | seekingalpha.com

Keep Your Cool As Everybody Seems To Be Dumping ZIM Stock

May 23, 2023 | msn.com

Israel stocks lower at close of trade; TA 35 down 1.15%

May 15, 2023 | americanbankingnews.com

Kenon (NYSE:KEN) Cut to "Sell" at StockNews.com

May 10, 2023 | finance.yahoo.com

Clear Capital and ValueLink Expand Partnership to Support Recent Appraisal Modernization Policy Changes

June 3, 2023 | Stansberry Research (Ad)

Why 2023 Could Kick Off a "Cash Frenzy" in Stocks

But the analyst who called the Lehman Collapse says to expect a "Cash Frenzy" instead.

May 10, 2023 | americanbankingnews.com

Kenon (NYSE:KEN) Shares Gap Up to $27.19

May 9, 2023 | msn.com

Israel stocks lower at close of trade; TA 35 down 0.57%

May 7, 2023 | latimes.com

10 fascinating buildings in L.A. that you can actually tour

April 19, 2023 | msn.com

Willy Paul Forgives Miss P

April 18, 2023 | msn.com

Israel stocks higher at close of trade; TA 35 up 0.42%

April 17, 2023 | msn.com

SBLive Arkansas Super 7 baseball rankings (April 17)

April 15, 2023 | americanbankingnews.com

Kenon (NYSE:KEN) Reaches New 12-Month Low at $26.85

April 13, 2023 | americanbankingnews.com

Kenon (NYSE:KEN) Upgraded to "Hold" by StockNews.com

April 12, 2023 | marketwatch.com

PVC Solvent Cement Market Size Dynamics 2023-2029

April 6, 2023 | americanbankingnews.com

Kenon (NYSE:KEN) Sees Large Volume Increase

April 5, 2023 | americanbankingnews.com

Kenon (NYSE:KEN) Downgraded to "Sell" at StockNews.com

April 1, 2023 | americanbankingnews.com

Kenon Holdings Ltd. (NYSE:KEN) Declares -- Dividend of $2.79

March 30, 2023 | finance.yahoo.com

Kenon Holdings Reports Full Year 2022 Results and Additional Updates

February 6, 2023 | marketwatch.com

Flush Mount Photo Album Market Share Likely to Grow At a Impressive CAGR

October 20, 2022 | news.yahoo.com

Glencoe police, fire departments supply schools with devices designed to save choking victims

October 19, 2022 | benzinga.com

Overview Of Value Stocks In The Utilities Sector - Kenon Hldgs (NYSE:KEN), UGI (NYSE:UGI), Central Puerto - Benzinga

October 11, 2022 | seekingalpha.com

Kenon: A Volatile Utility Company Exposed To An Uncertain Shipping Market (NYSE:KEN) - Seeking Alpha

October 5, 2022 | benzinga.com

5 Value Stocks In The Utilities Sector - Central Puerto (NYSE:CEPU), OGE Energy (NYSE:OGE), Kenon Hldgs ( - Benzinga

See More Headlines

KEN Price History

30 days | 90 days | 365 days | Advanced Chart

KEN Company Calendar

Last Earnings: 3/30/2023
Ex-Dividend for 4/19 Dividend: 4/06/2023
Dividend Payable: 4/19/2023
Today: 6/02/2023
Next Earnings (Estimated): 6/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric services
Sub-Industry: N/A
Sector: Utilities
Current Symbol: NYSE:KEN
CUSIP: N/A
CIK: 1611005
Web: www.kenon-holdings.com
Phone: (656) 351-1780
Fax: 65-6351-1798
Employees: 228
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $5.80
Trailing P/E Ratio: 4.38
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $312.65 million
Net Margins: 54.38%
Pretax Margin: 67.54%
Return on Equity: 11.36%
Return on Assets: 7.14%

Debt

Debt-to-Equity Ratio: 0.49
Current Ratio: 5.50
Quick Ratio: 5.50

Sales & Book Value

Annual Sales: $573.96 million
Price / Sales: 2.38
Cash Flow: $6.94 per share
Price / Cash Flow: 3.66
Book Value: $42.61 per share
Price / Book: 0.60

Miscellaneous

Outstanding Shares: 53,890,000
Free Float: 53,812,000
Market Cap: $1.37 billion
Optionable: Not Optionable
Beta: 1.43

Key Executives

Robert L. Rosen
Chief Executive Officer

Mark Hasson
Chief Financial Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

KEN Stock - Frequently Asked Questions

How have KEN shares performed in 2023?: Kenon's stock was trading at $33.00 at the beginning of 2023. Since then, KEN shares have decreased by 23.0% and is now trading at $25.40.
View the best growth stocks for 2023 here.
Are investors shorting Kenon?: Kenon saw a increase in short interest in May. As of May 15th, there was short interest totaling 44,300 shares, an increase of 26.2% from the April 30th total of 35,100 shares. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.2% of the company's stock are sold short.
View Kenon's Short Interest.
When is Kenon's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our KEN earnings forecast.
How were Kenon's earnings last quarter?: Kenon Holdings Ltd. (NYSE:KEN) issued its quarterly earnings data on Thursday, March, 30th. The utilities provider reported ($15.63) EPS for the quarter. The utilities provider earned $144.96 million during the quarter. Kenon had a trailing twelve-month return on equity of 11.36% and a net margin of 54.38%.
How often does Kenon pay dividends? What is the dividend yield for Kenon?: Kenon declared a -- dividend on Thursday, March 30th. Investors of record on Monday, April 10th will be paid a dividend of $2.79 per share on Wednesday, April 19th. This represents a dividend yield of 11.9%. The ex-dividend date is Thursday, April 6th.
Read our dividend analysis for KEN.
What ETFs hold Kenon's stock?: ETFs with the largest weight of Kenon (NYSE:KEN) stock in their portfolio include VanEck Israel ETF (ISRA) and WisdomTree International Quality Dividend Growth Fund (IQDG).WisdomTree International Hedged Quality Dividend Growth Fund (IHDG).
Is Kenon a good dividend stock?: Kenon (NYSE:KEN) pays an annual dividend of $2.79 per share and currently has a dividend yield of 10.93%. KEN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.10%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for KEN.

What other stocks do shareholders of Kenon own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Kenon investors own include Altria Group (MO), AT&T (T), Odyssey Marine Exploration (OMEX), British American Tobacco (BTI), CBL & Associates Properties (CBL), Gilead Sciences (GILD), NextEra Energy (NEE), Verizon Communications (VZ), AbbVie (ABBV) and Berkshire Hathaway (BRK.B).
What is Kenon's stock symbol?: Kenon trades on the New York Stock Exchange (NYSE) under the ticker symbol "KEN."
Who are Kenon's major shareholders?: Kenon's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Altshuler Shaham Ltd (6.64%), Clal Insurance Enterprises Holdings Ltd (3.73%), Meitav Investment House Ltd. (0.66%), Bank of New York Mellon Corp (0.52%), O Shaughnessy Asset Management LLC (0.22%) and BlackRock Inc. (0.16%).
View institutional ownership trends.
How do I buy shares of Kenon?: Shares of KEN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Kenon's stock price today?: One share of KEN stock can currently be purchased for approximately $25.40.
How much money does Kenon make?: Kenon (NYSE:KEN) has a market capitalization of $1.37 billion and generates $573.96 million in revenue each year. The utilities provider earns $312.65 million in net income (profit) each year or $5.80 on an earnings per share basis.
How many employees does Kenon have?: The company employs 228 workers across the globe.
How can I contact Kenon?: Kenon's mailing address is 1 TEMASEK AVENUE 36-01, SINGAPORE U0, 039192. The official website for the company is www.kenon-holdings.com. The utilities provider can be reached via phone at (656) 351-1780, via email at jonathanf@kenon-holdings.com, or via fax at 65-6351-1798.

This page (NYSE:KEN) was last updated on 6/3/2023 by MarketBeat.com Staff

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