Clal Insurance Enterprises Holdings Ltd Grows Position in Kenon Holdings Ltd. $KEN

Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Kenon Holdings Ltd. (NYSE:KEN) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,413,666 shares of the utilities provider’s stock after purchasing an additional 132,522 shares during the quarter. Kenon accounts for about 1.2% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 22nd biggest holding. Clal Insurance Enterprises Holdings Ltd owned approximately 6.55% of Kenon worth $153,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Kenon during the second quarter valued at about $32,000. Jane Street Group LLC purchased a new stake in Kenon in the first quarter worth about $254,000. Tidal Investments LLC bought a new position in Kenon during the 2nd quarter valued at approximately $256,000. BNP Paribas Financial Markets raised its position in shares of Kenon by 13.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Kenon during the second quarter valued at approximately $566,000. 13.38% of the stock is currently owned by institutional investors.

Kenon Price Performance

NYSE KEN opened at $78.04 on Friday. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.43. Kenon Holdings Ltd. has a 12 month low of $27.10 and a 12 month high of $84.65. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 101.34 and a beta of 1.15. The company’s 50 day moving average is $72.52 and its two-hundred day moving average is $58.30.

Kenon (NYSE:KEN) last announced its quarterly earnings data on Wednesday, November 19th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter. Kenon had a net margin of 59.34% and a negative return on equity of 2.81%. The firm had revenue of $265.00 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kenon in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Kenon Profile

Kenon Holdings Ltd. (NYSE: KEN) is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.