Kenon (NYSE:KEN) Sees Unusually-High Trading Volume – What’s Next?

Kenon Holdings Ltd. (NYSE:KEN) saw an uptick in trading volume on Friday . 15,716 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 13,346 shares.The stock last traded at $71.53 and had previously closed at $72.00.

Analysts Set New Price Targets

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

Kenon Stock Performance

The business’s 50-day moving average price is $65.55 and its 200-day moving average price is $53.93. 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 stock has a market cap of $3.68 billion, a PE ratio of 91.53 and a beta of 1.17.

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

Institutional Investors Weigh In On Kenon

A number of large investors have recently modified their holdings of KEN. Raymond James Financial Inc. purchased a new stake in shares of Kenon in the 2nd quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Kenon by 24.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 610 shares during the period. Jane Street Group LLC purchased a new position in shares of Kenon in the first quarter valued at approximately $254,000. Tidal Investments LLC acquired a new position in shares of Kenon in the second quarter worth $256,000. Finally, BNP Paribas Financial Markets grew its position in shares of Kenon by 13.8% during the second quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock worth $378,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors 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.