Kenon (NYSE:KEN) Posts Earnings Results

Kenon (NYSE:KEN) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Kenon had a net margin of 22.88% and a return on equity of 2.93%. The company had revenue of $183.00 million during the quarter.

Kenon Trading Up 1.9%

Shares of KEN opened at $35.37 on Friday. Kenon has a 1 year low of $23.31 and a 1 year high of $36.28. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. The stock has a 50 day simple moving average of $31.66 and a 200-day simple moving average of $31.47. The stock has a market cap of $1.84 billion, a PE ratio of 11.05 and a beta of 1.08.

Kenon Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were issued a $4.80 dividend. The ex-dividend date of this dividend was Monday, April 14th. This is a boost from Kenon’s previous annual dividend of $1.21. This represents a dividend yield of 15.6%. Kenon’s dividend payout ratio is presently 150.00%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Kenon from a “hold” rating to a “sell” rating in a research note on Thursday, May 15th.

Hedge Funds Weigh In On Kenon

An institutional investor recently bought a new position in Kenon stock. Jane Street Group LLC bought a new position in Kenon Holdings Ltd. (NYSE:KEN) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,057 shares of the utilities provider’s stock, valued at approximately $254,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.

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.