Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $32.06 and traded as high as $32.74. Kenon shares last traded at $32.51, with a volume of 13,485 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com lowered Kenon from a "hold" rating to a "sell" rating in a research note on Friday.
Read Our Latest Stock Analysis on KEN
Kenon Price Performance
The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 9.68 and a beta of 1.31. The business's 50-day moving average price is $32.05 and its two-hundred day moving average price is $30.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78.
Kenon Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be issued a dividend of $4.80 per share. This is a positive change from Kenon's previous annual dividend of $1.21. This represents a yield of 15.6%. The ex-dividend date is Monday, April 14th. Kenon's dividend payout ratio (DPR) is currently 150.00%.
Institutional Investors Weigh In On Kenon
Institutional investors have recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd increased its holdings in Kenon by 3.3% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,782,978 shares of the utilities provider's stock valued at $92,868,000 after buying an additional 88,762 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Kenon by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 759,732 shares of the utilities provider's stock worth $25,370,000 after acquiring an additional 15,249 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kenon by 11.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 425,549 shares of the utilities provider's stock valued at $14,214,000 after acquiring an additional 43,694 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Kenon by 6.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 267,618 shares of the utilities provider's stock valued at $8,972,000 after acquiring an additional 15,677 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its stake in Kenon by 2.8% during the fourth quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider's stock worth $6,885,000 after purchasing an additional 5,705 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.
About Kenon
(
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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