Kenon (NYSE:KEN) Announces Quarterly Earnings Results

Kenon (NYSE:KEN) released its quarterly earnings data on Monday. The utilities provider reported $0.50 earnings per share for the quarter, FiscalAI reports. Kenon had a return on equity of 2.84% and a net margin of 11.53%.The business had revenue of $228.00 million during the quarter.

Kenon Price Performance

NYSE:KEN opened at $81.16 on Monday. The firm’s fifty day moving average price is $78.55 and its two-hundred day moving average price is $63.76. The company has a market cap of $4.23 billion, a P/E ratio of 106.63 and a beta of 1.14. Kenon has a one year low of $27.10 and a one year high of $87.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.10 and a quick ratio of 4.66.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KEN. Wells Fargo & Company MN raised its holdings in Kenon by 4.8% during the fourth quarter. Wells Fargo & Company MN now owns 7,647 shares of the utilities provider’s stock worth $507,000 after buying an additional 350 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kenon by 24.2% in the fourth 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Kenon during the 2nd quarter valued at $32,000. BNP Paribas Financial Markets raised its stake in shares of Kenon by 9.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,000 shares of the utilities provider’s stock worth $452,000 after purchasing an additional 900 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Kenon by 12.2% in the 2nd quarter. Jane Street Group LLC now owns 9,041 shares of the utilities provider’s stock worth $373,000 after buying an additional 984 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors.

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.