Kenon (NYSE:KEN) Sets New 52-Week High – Still a Buy?

Kenon Holdings Ltd. (NYSE:KEN)’s stock price hit a new 52-week high on Thursday . The company traded as high as $31.59 and last traded at $31.59, with a volume of 8442 shares traded. The stock had previously closed at $30.12.

Kenon Price Performance

The firm’s 50 day moving average price is $29.25 and its two-hundred day moving average price is $26.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78. The stock has a market cap of $1.70 billion, a PE ratio of 9.86 and a beta of 1.44.

Institutional Investors Weigh In On Kenon

A number of hedge funds and other institutional investors have recently bought and sold shares 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 worth $127,000 after acquiring an additional 4,445 shares during the period. BNP Paribas Financial Markets lifted its holdings in Kenon by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock worth $212,000 after purchasing an additional 900 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Kenon in the 3rd quarter worth about $365,000. CWA Asset Management Group LLC purchased a new position in Kenon during the 3rd quarter valued at about $504,000. Finally, JPMorgan Chase & Co. purchased a new position in Kenon during the 3rd quarter valued at 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.