Kenon (NYSE:KEN) Posts Quarterly Earnings Results

Kenon (NYSE:KEN) issued its earnings results on Monday. The utilities provider reported $0.49 EPS for the quarter, Zacks reports. Kenon had a net margin of 7.60% and a return on equity of 3.17%.

Kenon Stock Down 1.2%

Shares of NYSE KEN opened at $89.73 on Tuesday. 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 has a 52 week low of $34.52 and a 52 week high of $95.93. The firm’s fifty day moving average is $85.79 and its 200 day moving average is $75.68. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 116.53 and a beta of 1.06.

Kenon Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were paid a $3.85 dividend. This represents a dividend yield of 476.0%. The ex-dividend date of this dividend was Monday, April 13th. Kenon’s payout ratio is presently 500.00%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KEN. Tidal Investments LLC purchased a new position in Kenon during the 2nd quarter valued at $256,000. Jane Street Group LLC increased its position in Kenon by 12.2% during the 2nd quarter. Jane Street Group LLC now owns 9,041 shares of the utilities provider’s stock valued at $373,000 after purchasing an additional 984 shares during the period. BNP Paribas Financial Markets increased its position in Kenon by 13.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 1,100 shares during the period. Wells Fargo & Company MN increased its position in Kenon by 4.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,647 shares of the utilities provider’s stock valued at $507,000 after purchasing an additional 350 shares during the period. Finally, Norges Bank purchased a new position in Kenon during the 2nd quarter valued at $566,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.