Kenon (NYSE:KEN – Get Free Report) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.85 earnings per share for the quarter, Zacks reports. Kenon had a return on equity of 3.47% and a net margin of 7.98%.
Kenon Price Performance
KEN stock traded down $0.57 during trading on Tuesday, hitting $68.61. The stock had a trading volume of 18,393 shares, compared to its average volume of 22,731. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.74 and a current ratio of 3.74. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 65.97 and a beta of 1.09. The company’s 50 day moving average price is $66.97 and its two-hundred day moving average price is $76.66. Kenon has a 1-year low of $41.50 and a 1-year high of $95.93.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in Kenon by 327.2% in the first quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider’s stock valued at $3,920,000 after acquiring an additional 93,896 shares during the last quarter. UBS Group AG boosted its stake in shares of Kenon by 516.0% in the third quarter. UBS Group AG now owns 42,467 shares of the utilities provider’s stock valued at $1,918,000 after purchasing an additional 35,573 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kenon by 10.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 377,731 shares of the utilities provider’s stock valued at $15,580,000 after purchasing an additional 35,533 shares during the period. Stifel Financial Corp acquired a new stake in Kenon during the 4th quarter valued at $1,891,000. Finally, Thrivent Financial for Lutherans purchased a new stake in Kenon during the 2nd quarter worth $807,000. Institutional investors and hedge funds own 13.38% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Kenon
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.
Further Reading
- Five stocks we like better than Kenon
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for Kenon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kenon and related companies with MarketBeat.com's FREE daily email newsletter.
