Kenon Holdings Ltd. (NYSE:KEN) Stake Raised by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd grew its position in shares of Kenon Holdings Ltd. (NYSE:KEN) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,782,978 shares of the utilities provider’s stock after buying an additional 88,762 shares during the quarter. Kenon makes up about 0.8% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 29th largest holding. Clal Insurance Enterprises Holdings Ltd owned approximately 5.16% of Kenon worth $92,868,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KEN. CWA Asset Management Group LLC bought a new position in Kenon during the third quarter valued at about $504,000. JPMorgan Chase & Co. acquired a new position in shares of Kenon during the 3rd quarter valued at about $1,136,000. Barclays PLC raised its stake in shares of Kenon by 4,233.3% in the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 4,445 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Kenon by 13.4% in 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 period. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Kenon during the 4th quarter worth $746,000. Institutional investors own 13.38% of the company’s stock.

Kenon Stock Down 1.2 %

KEN stock opened at $31.61 on Friday. 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 company has a 50-day moving average of $31.91 and a two-hundred day moving average of $28.94. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 9.88 and a beta of 1.39. Kenon Holdings Ltd. has a 52-week low of $19.63 and a 52-week high of $34.33.

Kenon (NYSE:KEN) last released its earnings results on Thursday, December 5th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%.

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.