Kenon (NYSE:KEN) Rating Increased to Hold at StockNews.com

Kenon (NYSE:KEN) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Kenon Stock Down 2.4 %

Shares of NYSE:KEN traded down $0.68 during trading on Tuesday, hitting $27.68. 57,370 shares of the company were exchanged, compared to its average volume of 13,686. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78. The firm’s 50 day moving average price is $32.21 and its 200-day moving average price is $30.59. The stock has a market capitalization of $1.44 billion, a P/E ratio of 8.65 and a beta of 1.31. Kenon has a 12-month low of $20.53 and a 12-month high of $35.49.

Institutional Trading of Kenon

Large investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in Kenon by 4,233.3% in the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock valued at $127,000 after buying an additional 4,445 shares during the last quarter. BNP Paribas Financial Markets raised its position in Kenon by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 900 shares during the last quarter. Anfield Capital Management LLC boosted its stake in Kenon by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 4,669 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Kenon during the 3rd quarter worth $365,000. Finally, Norges Bank purchased a new position in Kenon during the 4th quarter worth $458,000. 13.38% of the stock is owned by institutional investors and hedge funds.

About Kenon

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.