Kenon (NYSE:KEN) Raised to Hold at StockNews.com

Kenon (NYSE:KEN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Kenon Price Performance

KEN stock opened at $27.70 on Tuesday. Kenon has a one year low of $20.72 and a one year high of $35.49. The firm has a 50-day moving average of $32.13 and a two-hundred day moving average of $30.57. The firm has a market capitalization of $1.44 billion, a PE ratio of 8.66 and a beta of 1.31. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64.

Institutional Trading of Kenon

A number of hedge funds have recently modified their holdings of KEN. BNP Paribas Financial Markets boosted its holdings in shares of Kenon by 13.4% during the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 900 shares during the period. Barclays PLC increased its stake in shares of Kenon by 4,233.3% in the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 4,445 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Kenon by 25.7% during the 4th quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider’s stock valued at $771,000 after buying an additional 4,632 shares during the last quarter. Anfield Capital Management LLC lifted its holdings in shares of Kenon by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider’s stock valued at $317,000 after buying an additional 4,669 shares during the last quarter. Finally, Y.D. More Investments Ltd grew its stake in shares of Kenon by 2.8% in the 4th quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider’s stock valued at $6,885,000 after buying an additional 5,705 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

About Kenon

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.