Kenon (NYSE:KEN) Posts Quarterly Earnings Results

Kenon (NYSE:KEN) announced its quarterly earnings results on Monday. The utilities provider reported $0.49 earnings per share (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%

KEN traded down $1.06 during trading on Monday, hitting $89.72. 5,325 shares of the company’s stock traded hands, compared to its average volume of 21,673. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 116.51 and a beta of 1.06. The company’s 50 day simple moving average is $85.74 and its two-hundred day simple moving average is $75.44. Kenon has a 12-month low of $34.52 and a 12-month high of $95.93. The company has a current ratio of 4.94, a quick ratio of 4.94 and a debt-to-equity ratio of 0.52.

Kenon Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were given 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 is 500.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KEN. Raymond James Financial Inc. purchased a new position in Kenon in the 2nd quarter worth about $32,000. Susquehanna Advisors Group Inc. purchased a new stake in shares of Kenon during the 4th quarter valued at about $202,000. PDT Partners LLC bought a new stake in shares of Kenon in the fourth quarter worth approximately $232,000. Tidal Investments LLC bought a new stake in shares of Kenon in the second quarter worth approximately $256,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Kenon by 4.8% during the fourth 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 last quarter. 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.