Short Interest in Kenon Holdings Ltd. (NYSE:KEN) Declines By 34.6%

Kenon Holdings Ltd. (NYSE:KEN) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 22,579 shares, a decline of 34.6% from the March 15th total of 34,534 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 20,543 shares, the days-to-cover ratio is currently 1.1 days.

Kenon Stock Up 1.9%

KEN traded up $1.54 during trading on Tuesday, reaching $82.17. The company had a trading volume of 31,239 shares, compared to its average volume of 23,219. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.94 and a quick ratio of 4.94. Kenon has a 12 month low of $27.10 and a 12 month high of $89.89. The business’s fifty day moving average price is $81.58 and its 200 day moving average price is $67.19. The company has a market cap of $4.28 billion, a P/E ratio of 106.71 and a beta of 1.08.

Kenon (NYSE:KEN) last announced its quarterly earnings results on Monday, March 30th. The utilities provider reported $0.50 earnings per share for the quarter. Kenon had a net margin of 7.60% and a return on equity of 3.17%. The firm had revenue of $227.93 million for the quarter.

Kenon Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Monday, April 20th. Shareholders of record on Monday, April 13th will be paid a $3.85 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a yield of 476.0%. Kenon’s payout ratio is presently 500.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KEN. Sowell Financial Services LLC bought a new stake in shares of Kenon in the third quarter worth $1,318,000. Y.D. More Investments Ltd lifted its position in shares of Kenon by 11.6% in the fourth quarter. Y.D. More Investments Ltd now owns 212,102 shares of the utilities provider’s stock worth $13,963,000 after purchasing an additional 22,045 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Kenon by 4.0% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,413,666 shares of the utilities provider’s stock worth $153,130,000 after purchasing an additional 132,522 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Kenon by 34.9% in the third quarter. Thrivent Financial for Lutherans now owns 26,391 shares of the utilities provider’s stock worth $1,185,000 after purchasing an additional 6,822 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its position in shares of Kenon by 6.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 33,649 shares of the utilities provider’s stock worth $1,520,000 after purchasing an additional 2,099 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

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

Kenon Company Profile

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.