Kenon (NYSE:KEN) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Kenon Holdings Ltd. (NYSE:KEN) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $31.39 and traded as high as $31.50. Kenon shares last traded at $31.55, with a volume of 8,753 shares traded.

Kenon Stock Down 1.2 %

The firm’s 50 day moving average price is $31.39 and its two-hundred day moving average price is $28.28. The firm has a market capitalization of $1.70 billion, a PE ratio of 9.86 and a beta of 1.39. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64.

Kenon (NYSE:KEN) last posted its quarterly earnings data on Thursday, December 5th. The utilities provider reported $0.81 earnings per share for the quarter. Kenon had a net margin of 22.88% and a return on equity of 2.93%.

Institutional Investors Weigh In On Kenon

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its position in shares of Kenon by 4,233.3% during the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock worth $127,000 after buying an additional 4,445 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Kenon by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock valued at $212,000 after acquiring an additional 900 shares during the last quarter. Anfield Capital Management LLC grew its holdings in Kenon by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider’s stock worth $317,000 after acquiring an additional 4,669 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Kenon in the 3rd quarter valued at about $365,000. Finally, Norges Bank bought a new position in shares of Kenon during the fourth quarter worth about $458,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

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.