Kenon (NYSE:KEN) Sets New 52-Week High – Here’s Why

Kenon Holdings Ltd. (NYSE:KEN)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $34.33 and last traded at $34.00, with a volume of 28014 shares changing hands. The stock had previously closed at $31.92.

Kenon Price Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78. The company’s 50 day moving average price is $29.79 and its 200-day moving average price is $26.95. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 10.08 and a beta of 1.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KEN. Barclays PLC boosted its stake in shares of Kenon by 4,233.3% during the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 4,445 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Kenon by 13.4% during the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 900 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Kenon in the 3rd quarter valued at $365,000. CWA Asset Management Group LLC purchased a new position in Kenon in the 3rd quarter worth about $504,000. Finally, JPMorgan Chase & Co. acquired a new stake in Kenon during the 3rd quarter worth about $1,136,000. Institutional investors own 13.38% of the company’s stock.

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.