Kenon (NYSE:KEN) Sets New 12-Month High – Still a Buy?

Kenon Holdings Ltd. (NYSE:KEN)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $29.04 and last traded at $28.96, with a volume of 7210 shares trading hands. The stock had previously closed at $28.78.

Kenon Stock Performance

The company has a market cap of $1.56 billion, a P/E ratio of -19.99 and a beta of 1.45. The stock has a fifty day moving average price of $26.48 and a two-hundred day moving average price of $25.18. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.08 and a quick ratio of 3.08.

Kenon (NYSE:KEN) last posted its quarterly earnings data on Monday, September 9th. The utilities provider reported $0.02 earnings per share for the quarter. The business had revenue of $181.00 million during the quarter. Kenon had a negative net margin of 10.61% and a negative return on equity of 9.48%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in Kenon by 150.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider’s stock valued at $80,000 after purchasing an additional 1,800 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in Kenon in the third quarter worth about $504,000. Assenagon Asset Management S.A. acquired a new stake in Kenon in the 2nd quarter valued at about $2,317,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Kenon during the 2nd quarter valued at about $4,371,000. Institutional investors and hedge funds 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.