Kenon (NYSE:KEN) Sets New 12-Month High – What’s Next?

Kenon Holdings Ltd. (NYSE:KEN)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $34.38 and last traded at $34.14, with a volume of 4362 shares traded. The stock had previously closed at $33.80.

Kenon Stock Up 1.0 %

The business has a fifty day moving average price of $32.02 and a two-hundred day moving average price of $29.50. The firm has a market cap of $1.84 billion, a PE ratio of 10.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78.

Institutional Trading of Kenon

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its stake 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 buying an additional 900 shares during the period. Barclays PLC boosted its position in Kenon by 4,233.3% during the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 4,445 shares during the last quarter. CWA Asset Management Group LLC grew its stake in Kenon by 25.7% in the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider’s stock valued at $771,000 after purchasing an additional 4,632 shares in the last quarter. Anfield Capital Management LLC increased its position in Kenon by 100.0% in 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 last quarter. Finally, Y.D. More Investments Ltd raised its stake in shares of Kenon by 2.8% during the 4th quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider’s stock worth $6,885,000 after purchasing an additional 5,705 shares in the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

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.