Clal Insurance Enterprises Holdings Ltd Acquires 132,522 Shares of Kenon Holdings Ltd. $KEN

Clal Insurance Enterprises Holdings Ltd boosted its holdings in Kenon Holdings Ltd. (NYSE:KEN) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,413,666 shares of the utilities provider’s stock after purchasing an additional 132,522 shares during the quarter. Kenon makes up approximately 1.2% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 22nd biggest position. Clal Insurance Enterprises Holdings Ltd owned 0.07% of Kenon worth $153,130,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Kenon by 4.6% during the third quarter. JPMorgan Chase & Co. now owns 28,012 shares of the utilities provider’s stock worth $1,265,000 after acquiring an additional 1,234 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Kenon by 34.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 26,391 shares of the utilities provider’s stock worth $1,185,000 after purchasing an additional 6,822 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Kenon by 17.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,130 shares of the utilities provider’s stock valued at $638,000 after purchasing an additional 2,048 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Kenon during the 3rd quarter valued at about $1,318,000. Finally, Redhawk Wealth Advisors Inc. increased its holdings in shares of Kenon by 6.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 33,649 shares of the utilities provider’s stock worth $1,520,000 after purchasing an additional 2,099 shares during the last quarter. Institutional investors own 13.38% of the company’s stock.

Kenon Stock Down 3.5%

Shares of NYSE:KEN opened at $78.04 on Friday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 101.34 and a beta of 1.15. Kenon Holdings Ltd. has a 12 month low of $27.10 and a 12 month high of $84.65. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $72.52 and a 200 day moving average price of $58.30.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kenon in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Kenon Company 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.