Kenon (NYSE:KEN) Posts Earnings Results

Kenon (NYSE:KEN) announced its quarterly earnings results on Monday. The utilities provider reported $0.50 EPS for the quarter, FiscalAI reports. Kenon had a net margin of 11.53% and a return on equity of 2.84%. The firm had revenue of $227.93 million during the quarter.

Kenon Stock Performance

KEN opened at $83.64 on Wednesday. The company’s 50 day moving average is $79.08 and its 200 day moving average is $64.24. The company has a current ratio of 3.10, a quick ratio of 4.66 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 108.62 and a beta of 1.14. Kenon has a 12-month low of $27.10 and a 12-month high of $87.60.

Kenon Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of Kenon during the 2nd quarter valued at approximately $32,000. Susquehanna Advisors Group Inc. bought a new position in shares of Kenon in the fourth quarter worth approximately $202,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kenon by 24.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 610 shares in the last quarter. PDT Partners LLC bought a new stake in shares of Kenon during the 4th quarter valued at $232,000. Finally, Jane Street Group LLC purchased a new position in shares of Kenon during the 1st quarter valued at $254,000. Institutional investors own 13.38% of the company’s stock.

Analyst Ratings Changes

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