Kenon (NYSE:KEN) Posts Earnings Results

Kenon (NYSE:KEN) posted its quarterly earnings results on Monday. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, Zacks reports. Kenon had a net margin of 7.60% and a return on equity of 3.17%.

Kenon Stock Performance

Shares of KEN stock traded down $0.95 during trading hours on Monday, reaching $89.82. 4,184 shares of the company’s stock were exchanged, compared to its average volume of 21,675. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.94 and a quick ratio of 4.94. The company’s 50 day moving average is $85.74 and its two-hundred day moving average is $75.44. The company has a market cap of $4.68 billion, a P/E ratio of 116.89 and a beta of 1.06. Kenon has a 1 year low of $34.52 and a 1 year high of $95.93.

Kenon Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were paid a dividend of $3.85 per share. This represents a dividend yield of 476.0%. The ex-dividend date of this dividend was Monday, April 13th. Kenon’s dividend payout ratio is 500.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in Kenon by 4.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,647 shares of the utilities provider’s stock worth $507,000 after acquiring an additional 350 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Kenon during the 2nd quarter worth $32,000. BNP Paribas Financial Markets grew its stake in shares of Kenon by 9.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,000 shares of the utilities provider’s stock worth $452,000 after purchasing an additional 900 shares during the period. Jane Street Group LLC grew its stake in shares of Kenon by 12.2% during the 2nd quarter. Jane Street Group LLC now owns 9,041 shares of the utilities provider’s stock worth $373,000 after purchasing an additional 984 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Kenon by 4.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 28,012 shares of the utilities provider’s stock valued at $1,265,000 after purchasing an additional 1,234 shares in the last quarter. Institutional investors and hedge funds 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.