Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 7,894 shares changed hands during trading, a decline of 42% from the previous session's volume of 13,575 shares.The stock last traded at $28.41 and had previously closed at $28.62.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Kenon from a "hold" rating to a "sell" rating in a research report on Wednesday.
Read Our Latest Stock Report on KEN
Kenon Price Performance
The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78. The firm's 50-day moving average price is $31.84 and its two-hundred day moving average price is $30.63. The firm has a market cap of $1.59 billion, a PE ratio of 9.54 and a beta of 1.31.
Kenon Increases Dividend
The company also recently announced an annual dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were given a dividend of $4.80 per share. The ex-dividend date was Monday, April 14th. This represents a dividend yield of 15.6%. This is a boost from Kenon's previous annual dividend of $1.21. Kenon's payout ratio is 150.00%.
Institutional Investors Weigh In On Kenon
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in shares of Kenon during the 3rd quarter worth approximately $1,136,000. Barclays PLC increased its stake in Kenon by 4,233.3% in the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock valued at $127,000 after purchasing an additional 4,445 shares during the last quarter. Norges Bank purchased a new position in Kenon during the fourth quarter worth about $458,000. Redhawk Wealth Advisors Inc. purchased a new stake in Kenon in the 4th quarter valued at about $746,000. Finally, LPL Financial LLC acquired a new position in shares of Kenon during the 4th quarter valued at about $998,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.
Kenon Company Profile
(
Get Free Report)
Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.
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