Kenon (NYSE:KEN) Upgraded by StockNews.com to Hold

Kenon (NYSE:KEN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Kenon Trading Up 0.6 %

NYSE KEN opened at $22.94 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.05 and a quick ratio of 3.05. The stock’s 50-day moving average is $23.74 and its 200-day moving average is $23.37. Kenon has a one year low of $17.64 and a one year high of $30.65. The firm has a market cap of $1.24 billion, a P/E ratio of -5.19 and a beta of 1.45.

Kenon (NYSE:KEN) last announced its earnings results on Tuesday, March 26th. The utilities provider reported $0.11 EPS for the quarter. The firm had revenue of $151.00 million for the quarter. Kenon had a negative net margin of 34.10% and a negative return on equity of 10.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Scarborough Advisors LLC acquired a new stake in Kenon in the 4th quarter valued at approximately $39,000. BNP Paribas Financial Markets grew its stake in shares of Kenon by 150.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,000 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 1,800 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Kenon during the 4th quarter worth approximately $214,000. Citigroup Inc. raised its holdings in shares of Kenon by 14.9% in the third quarter. Citigroup Inc. now owns 93,510 shares of the utilities provider’s stock valued at $2,123,000 after purchasing an additional 12,153 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Kenon by 1.2% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,296,068 shares of the utilities provider’s stock worth $52,838,000 after purchasing an additional 27,294 shares in the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

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.