Kenon (NYSE:KEN) Issues Quarterly Earnings Results

Kenon (NYSE:KEN) released its quarterly earnings data on Monday. The utilities provider reported $0.50 earnings per share for the quarter, FiscalAI reports. The company had revenue of $228.00 million during the quarter. Kenon had a net margin of 11.53% and a return on equity of 2.84%.

Kenon Stock Performance

KEN opened at $79.90 on Tuesday. The firm’s fifty day simple moving average is $78.78 and its two-hundred day simple moving average is $63.99. Kenon has a 52-week low of $27.10 and a 52-week high of $87.60. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 103.76 and a beta of 1.14. The company has a quick ratio of 4.66, a current ratio of 3.10 and a debt-to-equity ratio of 0.66.

Kenon Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Monday, April 20th. Shareholders of record on Monday, April 13th will be issued a dividend of $3.85 per share. This represents a yield of 482.0%. The ex-dividend date of this dividend is Monday, April 13th. Kenon’s dividend payout ratio (DPR) is presently 623.38%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KEN. Raymond James Financial Inc. acquired a new stake in Kenon in the 2nd quarter worth about $32,000. Susquehanna Advisors Group Inc. acquired a new position in shares of Kenon during the fourth quarter valued at approximately $202,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kenon by 24.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 610 shares during the last quarter. PDT Partners LLC purchased a new position in shares of Kenon in the fourth quarter valued at approximately $232,000. Finally, Jane Street Group LLC purchased a new position in shares of Kenon in the first quarter valued at approximately $254,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Kenon in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Kenon presently has an average rating of “Hold”.

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.