Kenon (NYSE:KEN) Reaches New 12-Month High – Still a Buy?

Kenon Holdings Ltd. (NYSE:KEN) hit a new 52-week high on Thursday . The company traded as high as $84.65 and last traded at $82.8850, with a volume of 25457 shares traded. The stock had previously closed at $83.00.

Analysts Set New Price Targets

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

Kenon Stock Performance

The business’s 50 day simple moving average is $70.58 and its two-hundred day simple moving average is $56.97. The firm has a market capitalization of $4.22 billion, a PE ratio of 105.03 and a beta of 1.15. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.43.

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

Institutional Trading of Kenon

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Kenon during the second quarter valued at approximately $32,000. Susquehanna Advisors Group Inc. bought a new stake in shares of Kenon during the 4th quarter valued at $202,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kenon by 24.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 610 shares in the last quarter. PDT Partners LLC bought a new position in Kenon in the 4th quarter worth $232,000. Finally, Tidal Investments LLC purchased a new position in Kenon during the second quarter valued at $256,000. 13.38% of the stock is currently 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.