Kenon (NYSE:KEN) Sets New 12-Month High – Time to Buy?

Kenon Holdings Ltd. (NYSE:KEN) reached a new 52-week high during trading on Wednesday . The stock traded as high as $76.87 and last traded at $76.2030, with a volume of 2751 shares trading hands. The stock had previously closed at $74.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kenon in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Kenon Price Performance

The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $67.06 and a two-hundred day moving average price of $54.80. The firm has a market cap of $3.87 billion, a P/E ratio of 96.28 and a beta of 1.15.

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

Institutional Trading of Kenon

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Kenon by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,094 shares of the utilities provider’s stock valued at $1,851,000 after purchasing an additional 1,703 shares in the last quarter. UBS Group AG raised its position in Kenon by 3.6% in the 4th quarter. UBS Group AG now owns 43,977 shares of the utilities provider’s stock valued at $2,916,000 after buying an additional 1,510 shares during the last quarter. Vanguard Group Inc. lifted its stake in Kenon by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 756,785 shares of the utilities provider’s stock valued at $49,886,000 after acquiring an additional 6,021 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kenon by 24.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 610 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its position in Kenon by 11.6% during the 4th quarter. Y.D. More Investments Ltd now owns 212,102 shares of the utilities provider’s stock worth $13,963,000 after acquiring an additional 22,045 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

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.