Kenon (NYSE:KEN) Posts Quarterly Earnings Results

Kenon (NYSE:KEN) released its quarterly earnings results on Tuesday. The utilities provider reported $0.85 EPS for the quarter, Zacks reports. The firm had revenue of $379.00 million during the quarter. Kenon had a return on equity of 4.55% and a net margin of 10.03%.

Kenon Price Performance

NYSE KEN opened at $69.60 on Thursday. The firm’s fifty day simple moving average is $67.01 and its two-hundred day simple moving average is $76.49. The firm has a market capitalization of $3.63 billion, a P/E ratio of 66.92 and a beta of 1.09. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 0.64. Kenon has a 12-month low of $41.50 and a 12-month high of $95.93.

Institutional Trading of Kenon

A number of institutional investors have recently made changes to their positions in KEN. Raymond James Financial Inc. acquired a new position in Kenon during the 2nd quarter valued at about $32,000. Susquehanna Advisors Group Inc. purchased a new stake in Kenon in the fourth quarter valued at about $202,000. PDT Partners LLC purchased a new stake in shares of Kenon during the fourth quarter worth about $232,000. Jane Street Group LLC purchased a new stake in shares of Kenon during the first quarter worth about $254,000. Finally, Tidal Investments LLC acquired a new position in shares of Kenon during the second quarter valued at about $256,000. Institutional investors and hedge funds own 13.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Kenon from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Kenon 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.