Kenon Holdings Ltd. $KEN Shares Purchased by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd boosted its position in Kenon Holdings Ltd. (NYSE:KEN) by 1.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,449,184 shares of the utilities provider’s stock after purchasing an additional 35,518 shares during the quarter. Kenon accounts for 1.5% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 13th largest holding. Clal Insurance Enterprises Holdings Ltd owned 0.07% of Kenon worth $227,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KEN. Raymond James Financial Inc. acquired a new position in Kenon in the second quarter valued at $32,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Kenon by 24.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 610 shares during the last quarter. Jane Street Group LLC acquired a new position in Kenon in the first quarter valued at $254,000. Tidal Investments LLC acquired a new position in Kenon in the second quarter valued at $256,000. Finally, BNP Paribas Financial Markets boosted its holdings in Kenon by 13.8% in the second quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock valued at $378,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Stock Up 0.5%

Shares of Kenon stock opened at $72.44 on Friday. The company has a fifty day moving average price of $84.87 and a 200 day moving average price of $76.81. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 0.64. Kenon Holdings Ltd. has a twelve month low of $34.52 and a twelve month high of $95.93. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 69.65 and a beta of 1.06.

Kenon (NYSE:KEN) last announced its quarterly earnings results on Monday, June 1st. The utilities provider reported $0.49 earnings per share for the quarter. Kenon had a net margin of 7.98% and a return on equity of 3.47%. The firm had revenue of $317.00 million during the quarter.

Kenon Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were given a dividend of $3.85 per share. This represents a yield of 476.0%. The ex-dividend date of this dividend was Monday, April 13th. Kenon’s dividend payout ratio is 370.19%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Kenon from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus 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.