Kenon (NYSE:KEN) Lowered to Sell at StockNews.com

StockNews.com cut shares of Kenon (NYSE:KEN) from a hold rating to a sell rating in a research report released on Thursday morning.

Kenon Stock Performance

Shares of KEN opened at $20.89 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.05 and a current ratio of 3.05. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -4.73 and a beta of 1.45. The company’s 50 day simple moving average is $24.55 and its 200 day simple moving average is $23.31. Kenon has a 1 year low of $17.64 and a 1 year high of $30.65.

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

Kenon Increases Dividend

The business also recently declared a — dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 8th were given a dividend of $3.80 per share. This is a positive change from Kenon’s previous — dividend of $2.79. The ex-dividend date was Friday, April 5th. This represents a yield of 10.5%. Kenon’s dividend payout ratio is -85.97%.

Institutional Investors Weigh In On Kenon

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in shares of Kenon by 1,100.0% in the fourth quarter. BNP Paribas Financial Markets now owns 1,200 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 1,100 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Kenon in the fourth quarter worth $39,000. Quantbot Technologies LP acquired a new stake in shares of Kenon in the second quarter worth $48,000. Barclays PLC acquired a new stake in shares of Kenon in the second quarter worth $90,000. Finally, State of Wyoming increased its position in shares of Kenon by 276.2% in the fourth quarter. State of Wyoming now owns 4,578 shares of the utilities provider’s stock worth $151,000 after acquiring an additional 3,361 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Company Profile

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.