Kenon Holdings Ltd. (NYSE:KEN) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.39 and last traded at $16.24, with a volume of 4,070 shares changing hands. The stock had previously closed at $15.30.

Separately, ValuEngine raised shares of Kenon Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st.

The stock’s market capitalization is $894.73 million. The stock’s 50-day moving average price is $13.99 and its 200-day moving average price is $12.85.

An institutional investor recently raised its position in Kenon Holdings stock. Vanguard Group Inc. lifted its position in Kenon Holdings Ltd. (NYSE:KEN) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 276,246 shares of the utilities provider’s stock after purchasing an additional 7,125 shares during the quarter. Vanguard Group Inc. owned 0.51% of Kenon Holdings worth $3,735,000 at the end of the most recent reporting period. Institutional investors own 0.94% of the company’s stock.

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Kenon Holdings Company Profile

Kenon Holdings Ltd. is a holding company that operates primarily growth-oriented businesses. The Company’s segments include I.C. Power Asia Development Ltd (IC Power), Qoros Automotive Co, Ltd. (Qoros) and Other. I.C. Power, through its subsidiary companies, is engaged in the production, operation and sale of electricity in countries in Latin America, the Caribbean region and Israel.

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