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Kenya Electricity Generating Company Plc (NSE: KEGN)

Nigel Firth
Nigel Frith trader
Updated 29 May 2024

Overview of Kenya Electricity Generating Company Plc

Kenya Electricity Generating Company Plc is a leading electric power generating company listed on the Nairobi Securities Exchange (NSE). Kenya Electricity Generating Company Plc is engaged in developing, managing, and operating power generation plants to supply electric power to the Kenyan market.

Kenya Electricity Generating Company Plc operates in four generation modes: Hydro, Geothermal, Thermal, and Wind.

Kenya Electricity Generating Company Plc develops 700 megawatts of geothermal power, its two wind farms in Ngong and Meru produces a total capacity of 120.4 megawatt, and it owns 14 hydro power plants with a combined capacity of 820 megawatts.

The history of Kenya Electricity Generating Company Plc goes back to 1954 when it was incorporated as Kenya Power Company (KPC).

Kenya Electricity Generating Company Plc has its head offices at Stima Plaza, Kolobot Road, Parklands, PO Box 47936-00100 GPO, Nairobi, Kenya.

Kenya Electricity Generating Company Plc has a staff complement of about 2500 and renders its services in East Africa.

The current CEO of Kenya Electricity Generating Company Plc is Rebecca Miano.

Kenya Electricity Generating Company Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol KEGN.

Kenya Electricity Generating Company Plc forms part of the Conventional Electricity Industry and the Utilities Sector of the Nairobi Securities Exchange (NSE).


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Kenya Electricity Generating Company Plc Stock Performance

The current price for Kenya Electricity Generating Company Plc stocks on the Nairobi Securities Exchange (NSE) is 4.72 Kenyan Shilling (KES).

KEGN stocks closed a recent trading day (22 October 2021) at 4.72 KES per share on the Nairobi Securities Exchange (NSE), experiencing a 0.8% drop from its previous closing price of 4.76 KES.

An analysis of financial data of Kenya Electricity Generating Company Plc showed that the company has a total market capitalisation of 29.5 Billion KES, with a Price/Earning ratio of 1.69 and earnings per share of 2.79 KES.  A total of 6.24 Billion shares were outstanding.

Kenya Electricity Generating Company Plc indicated that revenues declined by 4% from 45,966 million KES to 33,110 million KES for the financial year that ended in June 2020.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Kenya Electricity Generating Company Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of Kenya Electricity Generating Company Plc, analysts forecast further improved performance for the utilities sector with market share growing as trading volumes increase.

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Highlights of Kenya Electricity Generating Company Plc in 2021

Kenya Electricity Generating Company Plc started the current financial year (2021) with a share price of 3.91 Kenyan Shilling (KES) on the Nairobi Securities Exchange (NSE), and it has lost in value on its price valuation where its year-to-date performance is concerned.

Kenya Electricity Generating Company Plc is currently the ninth most-traded stock on the NSE and it has experienced a total trading volume of more than 24.9 million shares, which were finalised in 3,736 deals and were valued at a total of 117 million Kenyan Shilling (KES) over the recent three month period from July to October 2021, with an average of 395,149 shares in each trading session.

During the same period a volume high of 4.68 million was achieved on 6 October and a low of 41,700 on 2 September.

How to buy Kenya Electricity Generating Company Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade Kenya Electricity Generating Company Plc stocks on the Nairobi Securities Exchange (NSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “KEGN”.
  2. Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.

FAQs

The Nairobi Securities Exchange (NSE)was established in 1954 as the leading stock exchange in East Africa and offers world class trading facilities for local and foreign investors looking to gain exposure to the country’s rising economy.

The bourse is based in the capital of Kenya, one of the fastest-growing economies in Sub-Saharan Africa. The NSE operates under the jurisdiction of the Capital Markets Authority of Kenya and is overseen by a board of directors. In 2014, the NSE demutualised and became listed on the main board of its own exchange.

In 2011, the NSE introduced the FTSE NSE Kenya 15 and FTSE NSE Kenya 25 indices for the creation of index tracking funds and derivative products and as performance benchmarks.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.
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