Kenon (NYSE:KEN) Sets New 1-Year High – Still a Buy?

Kenon Holdings Ltd. (NYSE:KEN)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $70.87 and last traded at $70.5050, with a volume of 4563 shares. The stock had previously closed at $67.98.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kenon in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Kenon Price Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.66 and a current ratio of 4.66. The business has a 50 day simple moving average of $63.30 and a 200-day simple moving average of $52.58. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 91.23 and a beta of 1.17.

Kenon (NYSE:KEN) last posted its earnings results on Wednesday, November 19th. The utilities provider reported $0.48 earnings per share for the quarter. The company had revenue of $265.00 million for the quarter. Kenon had a negative return on equity of 2.81% and a net margin of 59.34%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KEN. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Kenon by 7.7% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,281,144 shares of the utilities provider’s stock worth $135,157,000 after buying an additional 234,166 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Kenon by 327.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider’s stock valued at $3,920,000 after purchasing an additional 93,896 shares during the period. UBS Group AG increased its position in shares of Kenon by 516.0% during the 3rd quarter. UBS Group AG now owns 42,467 shares of the utilities provider’s stock valued at $1,918,000 after purchasing an additional 35,573 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Kenon by 10.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 377,731 shares of the utilities provider’s stock worth $15,580,000 after buying an additional 35,533 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new position in shares of Kenon in the 3rd quarter worth about $1,318,000. 13.38% of the stock is owned by 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.