Thrivent Financial for Lutherans Purchases 6,822 Shares of Kenon Holdings Ltd. $KEN

Thrivent Financial for Lutherans increased its holdings in Kenon Holdings Ltd. (NYSE:KEN) by 34.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,391 shares of the utilities provider’s stock after purchasing an additional 6,822 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.05% of Kenon worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of KEN. Raymond James Financial Inc. purchased a new stake in Kenon in the 2nd quarter worth approximately $32,000. Tidal Investments LLC purchased a new stake in Kenon in the second quarter worth $256,000. Jane Street Group LLC bought a new stake in Kenon in the first quarter valued at $254,000. BNP Paribas Financial Markets increased its position in Kenon by 13.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 1,100 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Kenon in the 2nd quarter worth $502,000. Institutional investors own 13.38% of the company’s stock.

Kenon Stock Performance

Shares of KEN stock opened at $79.16 on Friday. The company’s fifty day moving average price is $68.59 and its 200-day moving average price is $55.84. The stock has a market cap of $4.13 billion, a PE ratio of 102.80 and a beta of 1.15. 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 $79.48.

Kenon (NYSE:KEN) last issued its quarterly earnings results 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 company had revenue of $265.00 million during the quarter.

Wall Street Analyst Weigh In

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

About Kenon

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.