Short Interest in Kenon Holdings Ltd. (NYSE:KEN) Drops By 49.0%

Kenon Holdings Ltd. (NYSE:KEN) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 30,573 shares, a decrease of 49.0% from the April 30th total of 59,986 shares. Based on an average trading volume of 30,654 shares, the short-interest ratio is currently 1.0 days. Currently, 0.1% of the company’s stock are short sold.

Kenon Stock Performance

NYSE:KEN traded down $2.86 on Tuesday, hitting $86.76. The company’s stock had a trading volume of 30,036 shares, compared to its average volume of 26,010. The company has a current ratio of 4.94, a quick ratio of 4.94 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $85.79 and a two-hundred day moving average of $75.68. The firm has a market capitalization of $4.52 billion, a P/E ratio of 112.67 and a beta of 1.06. Kenon has a one year low of $34.52 and a one year high of $95.93.

Kenon (NYSE:KEN) last issued its earnings results on Monday, June 1st. The utilities provider reported $0.49 EPS for the quarter. The company had revenue of $317.00 million during the quarter. Kenon had a return on equity of 3.59% and a net margin of 7.98%.

Kenon Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were issued a dividend of $3.85 per share. The ex-dividend date of this dividend was Monday, April 13th. This represents a dividend yield of 476.0%. Kenon’s payout ratio is presently 500.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KEN. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Kenon by 17.1% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,039,736 shares of the utilities provider’s stock worth $329,944,000 after acquiring an additional 590,552 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Kenon by 327.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider’s stock worth $3,920,000 after acquiring an additional 93,896 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Kenon by 22.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 248,275 shares of the utilities provider’s stock worth $20,349,000 after acquiring an additional 44,869 shares during the last quarter. UBS Group AG increased its holdings 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 worth $1,918,000 after acquiring an additional 35,573 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kenon by 10.4% during 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 acquiring an additional 35,533 shares during the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Kenon Company Profile

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.