Kenon (NYSE:KEN) Shares Gap Up to $24.04

Shares of Kenon Holdings Ltd. (NYSE:KENGet Free Report) gapped up before the market opened on Friday . The stock had previously closed at $24.04, but opened at $25.30. Kenon shares last traded at $24.98, with a volume of 5,121 shares.

Analyst Ratings Changes

Separately, raised Kenon from a “sell” rating to a “hold” rating in a report on Wednesday, June 5th.

Read Our Latest Stock Report on Kenon

Kenon Stock Performance

The stock has a 50-day simple moving average of $24.33 and a 200 day simple moving average of $24.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market capitalization of $1.37 billion, a PE ratio of -6.17 and a beta of 1.45.

Kenon (NYSE:KENGet Free Report) last posted its earnings results on Monday, June 3rd. The utilities provider reported $0.15 EPS for the quarter. The company had revenue of $174.00 million for the quarter. Kenon had a negative return on equity of 10.64% and a negative net margin of 30.60%.

Institutional Trading of Kenon

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Kenon by 3.3% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,371,960 shares of the utilities provider’s stock valued at $57,746,000 after acquiring an additional 75,892 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Kenon in the fourth quarter valued at $214,000. BNP Paribas Financial Markets lifted its position in Kenon by 150.0% during the first quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider’s stock worth $80,000 after buying an additional 1,800 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in Kenon in the 4th quarter worth about $39,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Kenon Company Profile

(Get Free Report)

Kenon Holdings Ltd., through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally. It operates through OPC Power Plants, CPV Group, and ZIM segments. The company engages in the generation and supply of electricity and energy; development, construction, and management of solar and wind energy, and conventional natural gas-fired power plants; and provision of container liner shipping services.

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