Kenon (NYSE:KEN) Sees Strong Trading Volume – Should You Buy?

Kenon Holdings Ltd. (NYSE:KEN) saw an uptick in trading volume on Wednesday . 22,727 shares were traded during trading, an increase of 5% from the previous session’s volume of 21,594 shares.The stock last traded at $93.9550 and had previously closed at $89.45.

Kenon Stock Performance

The company has a market cap of $4.92 billion, a PE ratio of 122.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.94 and a current ratio of 4.94. The firm’s 50 day moving average is $85.21 and its 200-day moving average is $74.62.

Kenon (NYSE:KEN) last announced its quarterly earnings data on Monday, March 30th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter. Kenon had a net margin of 7.60% and a return on equity of 3.17%. The company had revenue of $227.93 million during the quarter.

Kenon Announces Dividend

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

Institutional Trading of Kenon

Several large investors have recently bought and sold shares of KEN. Blue Trust Inc. purchased a new stake in Kenon during the 1st quarter valued at about $29,000. Raymond James Financial Inc. purchased a new stake in shares of Kenon in the 2nd quarter valued at approximately $32,000. Susquehanna Advisors Group Inc. purchased a new stake in shares of Kenon in the 4th quarter valued at approximately $202,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Kenon by 24.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock valued at $206,000 after buying an additional 610 shares during the period. Finally, PDT Partners LLC purchased a new stake in shares of Kenon in the 4th quarter valued at approximately $232,000. Hedge funds and other institutional investors 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.