Kenon Holdings Ltd. (NYSE:KEN – Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 22,579 shares, a drop of 34.6% from the March 15th total of 34,534 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 20,543 shares, the short-interest ratio is currently 1.1 days.
Institutional Investors Weigh In On Kenon
Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Kenon in the 2nd quarter worth approximately $32,000. Susquehanna Advisors Group Inc. bought a new stake in shares of Kenon in the 4th quarter worth approximately $202,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Kenon by 24.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 610 shares during the last quarter. PDT Partners LLC bought a new stake in shares of Kenon in the 4th quarter worth approximately $232,000. Finally, Tidal Investments LLC bought a new stake in shares of Kenon in the 2nd quarter worth approximately $256,000. 13.38% of the stock is currently owned by institutional investors.
Kenon Price Performance
NYSE:KEN traded down $0.73 during mid-day trading on Thursday, hitting $81.37. 17,892 shares of the stock traded hands, compared to its average volume of 19,651. The business’s 50-day moving average price is $81.72 and its 200 day moving average price is $67.30. The company has a market cap of $4.24 billion, a PE ratio of 105.67 and a beta of 1.08. Kenon has a 12-month low of $27.50 and a 12-month high of $89.89. The company has a quick ratio of 4.94, a current ratio of 4.94 and a debt-to-equity ratio of 0.52.
Kenon Dividend Announcement
The firm also recently disclosed an annual dividend, which will be paid on Monday, April 20th. Stockholders of record on Monday, April 13th will be issued a $3.85 dividend. This represents a dividend yield of 476.0%. The ex-dividend date is Monday, April 13th. Kenon’s payout ratio is presently 500.00%.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Kenon in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on Kenon
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.
Further Reading
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