Kenon (NYSE:KEN) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Kenon Holdings Ltd. (NYSE:KEN)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $84.53 and traded as high as $91.50. Kenon shares last traded at $91.0550, with a volume of 15,701 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Kenon in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Kenon Stock Performance

The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 118.25 and a beta of 1.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.94 and a quick ratio of 4.94. The firm has a 50 day moving average price of $84.53 and a 200-day moving average price of $72.70.

Kenon (NYSE:KEN) last announced its quarterly earnings data on Monday, March 30th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter. The business had revenue of $227.93 million for the quarter. Kenon had a return on equity of 3.17% and a net margin of 7.60%.

Kenon Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were paid a $3.85 dividend. This represents a dividend yield of 476.0%. The ex-dividend date was Monday, April 13th. Kenon’s dividend payout ratio (DPR) is presently 500.00%.

Institutional Trading of Kenon

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. acquired a new stake in Kenon in the first quarter valued at $29,000. Raymond James Financial Inc. acquired a new stake in Kenon in the second quarter valued at $32,000. Susquehanna Advisors Group Inc. acquired a new stake in Kenon in the fourth quarter valued at $202,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Kenon by 24.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock valued at $206,000 after buying an additional 610 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in Kenon in the fourth quarter valued at $232,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.