Kenon (NYSE:KEN) Sees Unusually-High Trading Volume – Should You Buy?

Kenon Holdings Ltd. (NYSE:KEN) saw strong trading volume on Monday . 15,208 shares changed hands during trading, a decline of 22% from the previous session’s volume of 19,591 shares.The stock last traded at $84.1790 and had previously closed at $81.67.

Analyst Upgrades and Downgrades

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

Kenon Stock Performance

The firm has a market capitalization of $4.62 billion, a PE ratio of 115.03 and a beta of 1.08. The firm’s 50 day moving average price is $82.78 and its 200-day moving average price is $69.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.94 and a current ratio of 4.94.

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

Kenon Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in Kenon by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 7,647 shares of the utilities provider’s stock valued at $507,000 after buying an additional 350 shares in the last quarter. Blue Trust Inc. purchased a new position in Kenon in the 1st quarter valued at about $29,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Kenon by 24.2% in the 4th 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. Raymond James Financial Inc. purchased a new position in Kenon in the 2nd quarter valued at about $32,000. Finally, BNP Paribas Financial Markets lifted its stake in Kenon by 9.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,000 shares of the utilities provider’s stock valued at $452,000 after buying an additional 900 shares in the last quarter. 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.