Shares of Kenon Holdings Ltd. (NYSE:KEN – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $94.51, but opened at $89.70. Kenon shares last traded at $91.3740, with a volume of 6,509 shares trading hands.
Kenon Stock Performance
The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 117.75 and a beta of 1.09. The stock has a 50 day moving average of $85.74 and a 200 day moving average of $75.30. 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 (NYSE:KEN – Get Free Report) last released its earnings results on Monday, March 30th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter. Kenon had a return on equity of 3.17% and a net margin of 7.60%.The firm had revenue of $227.93 million for the quarter.
Kenon Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd grew its position in Kenon by 17.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,039,736 shares of the utilities provider’s stock valued at $329,944,000 after acquiring an additional 590,552 shares during the last quarter. Vanguard Group Inc. grew its position in Kenon by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 756,785 shares of the utilities provider’s stock valued at $49,886,000 after acquiring an additional 6,021 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kenon by 8.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 409,084 shares of the utilities provider’s stock valued at $18,365,000 after acquiring an additional 31,353 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Kenon by 22.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 248,275 shares of the utilities provider’s stock valued at $20,349,000 after acquiring an additional 44,869 shares during the last quarter. Finally, Y.D. More Investments Ltd grew its position in Kenon by 11.6% in the fourth quarter. Y.D. More Investments Ltd now owns 212,102 shares of the utilities provider’s stock valued at $13,963,000 after acquiring an additional 22,045 shares during the last quarter. Institutional investors own 13.38% of the company’s stock.
Kenon Company Profile
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.
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