Kenon (NYSE:KEN) Hits New 12-Month High – Here’s What Happened
by Doug Wharley · The Cerbat GemKenon Holdings Ltd. (NYSE:KEN – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.00 and last traded at $66.5750, with a volume of 18991 shares trading hands. The stock had previously closed at $64.29.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kenon in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
Get Our Latest Stock Analysis on Kenon
Kenon Trading Up 3.6%
The company has a 50 day moving average of $57.82 and a 200 day moving average of $49.19. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.66 and a current ratio of 4.66. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 86.46 and a beta of 1.20.
Kenon (NYSE:KEN – Get Free Report) last announced its earnings results on Wednesday, November 19th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. The company had revenue of $265.00 million for the quarter. Kenon had a net margin of 59.34% and a negative return on equity of 2.81%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Kenon in the second quarter valued at approximately $32,000. Jane Street Group LLC acquired a new position in Kenon during the first quarter worth $254,000. Tidal Investments LLC acquired a new stake in shares of Kenon in the 2nd quarter worth $256,000. BNP Paribas Financial Markets increased its stake in shares of Kenon by 13.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock worth $378,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Kenon during the 2nd quarter worth $502,000. 13.38% of the stock is owned by hedge funds and other institutional investors.
About Kenon
Kenon Holdings Ltd. (NYSE: KEN) is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.
One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.