Kenon (NYSE:KEN) Rating Lowered to Sell at StockNews.com

Kenon (NYSE:KEN) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Kenon Stock Performance

NYSE:KEN opened at $21.12 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.05 and a current ratio of 3.05. Kenon has a fifty-two week low of $17.64 and a fifty-two week high of $30.65. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -4.78 and a beta of 1.45. The stock has a fifty day moving average price of $24.49 and a 200-day moving average price of $23.29.

Kenon (NYSE:KEN) last announced its quarterly earnings data on Tuesday, March 26th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $151.00 million for the quarter. Kenon had a negative net margin of 34.10% and a negative return on equity of 10.82%.

Hedge Funds Weigh In On Kenon

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in Kenon by 1,100.0% in the fourth quarter. BNP Paribas Financial Markets now owns 1,200 shares of the utilities provider’s stock valued at $29,000 after buying an additional 1,100 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Kenon in the 4th quarter valued at approximately $39,000. Quantbot Technologies LP acquired a new stake in shares of Kenon in the 2nd quarter valued at approximately $48,000. Barclays PLC bought a new stake in shares of Kenon during the 2nd quarter valued at approximately $90,000. Finally, State of Wyoming increased its position in Kenon by 276.2% during the 4th quarter. State of Wyoming now owns 4,578 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 3,361 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

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.