Kenon (NYSE:KEN) Reaches New 1-Year High – Still a Buy?

Kenon Holdings Ltd. (NYSE:KEN) reached a new 52-week high during trading on Friday . The company traded as high as $79.48 and last traded at $78.06, with a volume of 17008 shares trading hands. The stock had previously closed at $76.29.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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 data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Kenon Price Performance

The firm has a market capitalization of $4.13 billion, a P/E ratio of 102.80 and a beta of 1.15. The stock has a 50 day moving average of $68.59 and a two-hundred day moving average of $55.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.66 and a current ratio of 4.66.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KEN. Clal Insurance Enterprises Holdings Ltd raised its holdings in Kenon by 1.0% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,449,184 shares of the utilities provider’s stock valued at $227,062,000 after acquiring an additional 35,518 shares during the period. Vanguard Group Inc. raised its position in Kenon by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 756,785 shares of the utilities provider’s stock valued at $49,886,000 after purchasing an additional 6,021 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Kenon by 8.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 409,084 shares of the utilities provider’s stock valued at $18,365,000 after buying an additional 31,353 shares during the period. Y.D. More Investments Ltd boosted its holdings in shares of Kenon by 9.1% during the 2nd quarter. Y.D. More Investments Ltd now owns 217,649 shares of the utilities provider’s stock valued at $8,965,000 after buying an additional 18,177 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Kenon by 7.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 148,723 shares of the utilities provider’s stock worth $6,685,000 after buying an additional 10,496 shares during the last quarter. Institutional investors own 13.38% of the company’s stock.

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.