Kenon (NYSE:KEN) Share Price Passes Above 50-Day Moving Average – What’s Next?

Kenon Holdings Ltd. (NYSE:KEN) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $31.65 and traded as high as $33.52. Kenon shares last traded at $33.34, with a volume of 11,190 shares trading hands.

Kenon Price Performance

The stock has a fifty day moving average of $31.69 and a 200-day moving average of $28.70. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.12 and a beta of 1.39.

Kenon (NYSE:KEN) last posted its quarterly earnings data on Thursday, December 5th. The utilities provider reported $0.81 earnings per share for the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%.

Institutional Investors Weigh In On Kenon

Several large investors have recently modified their holdings of KEN. Barclays PLC boosted its holdings in shares of 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 acquiring an additional 4,445 shares during the period. BNP Paribas Financial Markets raised its position in Kenon by 13.4% in the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock worth $212,000 after acquiring an additional 900 shares in the last quarter. Anfield Capital Management LLC raised its position in Kenon by 100.0% in the fourth quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider’s stock worth $317,000 after acquiring an additional 4,669 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Kenon in the third quarter valued at $365,000. Finally, Norges Bank purchased a new position in shares of Kenon in the fourth quarter valued at $458,000. 13.38% of the stock is 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.