Kenon (NYSE:KEN – Get Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.
Kenon Stock Performance
Kenon stock opened at $30.63 on Friday. Kenon has a fifty-two week low of $19.63 and a fifty-two week high of $35.33. The company has a market capitalization of $1.65 billion, a PE ratio of 9.57 and a beta of 1.33. The company has a 50 day moving average price of $32.04 and a 200-day moving average price of $30.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78.
Institutional Trading of Kenon
Several hedge funds and other institutional investors have recently bought and sold shares of KEN. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Kenon by 3.3% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,782,978 shares of the utilities provider’s stock worth $92,868,000 after purchasing an additional 88,762 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kenon by 11.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 425,549 shares of the utilities provider’s stock worth $14,214,000 after buying an additional 43,694 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Kenon during the 3rd quarter worth $1,136,000. LPL Financial LLC acquired a new position in Kenon during the 4th quarter valued at about $998,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in Kenon in the fourth quarter valued at about $746,000. Institutional investors own 13.38% of the company’s stock.
Kenon Company Profile
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.
Featured Stories
- Five stocks we like better than Kenon
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Conagra Stock Could Thrive as Tariffs Hit Other Sectors
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey Finds
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?
Receive News & Ratings for Kenon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kenon and related companies with MarketBeat.com's FREE daily email newsletter.
