Kenon (NYSE:KEN) Reaches New 12-Month High – Here’s What Happened

Kenon Holdings Ltd. (NYSE:KEN) shares reached a new 52-week high on Tuesday . The stock traded as high as $70.74 and last traded at $70.37, with a volume of 16766 shares trading hands. The stock had previously closed at $69.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kenon in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Kenon Price Performance

The company has a market cap of $3.67 billion, a P/E ratio of 91.39 and a beta of 1.17. The firm’s 50-day moving average is $61.28 and its two-hundred day moving average is $51.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.66 and a quick ratio of 4.66.

Kenon (NYSE:KEN) last issued its quarterly earnings data on Wednesday, November 19th. The utilities provider reported $0.48 EPS for the quarter. The business had revenue of $265.00 million during the quarter. Kenon had a net margin of 59.34% and a negative return on equity of 2.81%.

Hedge Funds Weigh In On Kenon

A number of institutional investors and hedge funds have recently modified their holdings of KEN. Raymond James Financial Inc. bought a new stake in Kenon in the second quarter worth $32,000. Tidal Investments LLC purchased a new position in shares of Kenon during the second quarter valued at approximately $256,000. Jane Street Group LLC bought a new position in shares of Kenon during the first quarter valued at approximately $254,000. BNP Paribas Financial Markets raised its holdings in shares of Kenon by 13.8% in the second quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock worth $378,000 after buying an additional 1,100 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Kenon during the 2nd quarter worth approximately $502,000. Hedge funds and other institutional investors own 13.38% of the company’s stock.

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.