JPMorgan Chase & Co. purchased a new stake in Kenon Holdings Ltd. (NYSE:KEN - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 40,701 shares of the utilities provider's stock, valued at approximately $1,136,000. JPMorgan Chase & Co. owned about 0.08% of Kenon as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in Kenon by 13.4% during the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider's stock worth $212,000 after acquiring an additional 900 shares during the last quarter. Barclays PLC increased its stake in Kenon by 4,233.3% during the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock worth $127,000 after acquiring an additional 4,445 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Kenon during the third quarter worth $365,000. CWA Asset Management Group LLC acquired a new stake in Kenon during the third quarter worth $504,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in Kenon by 3.7% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,694,216 shares of the utilities provider's stock worth $76,251,000 after acquiring an additional 97,256 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company's stock.
Kenon Trading Down 0.4 %
KEN stock traded down $0.12 during midday trading on Friday, hitting $31.90. 5,230 shares of the company's stock were exchanged, compared to its average volume of 13,988. The business has a 50-day simple moving average of $30.99 and a two-hundred day simple moving average of $27.81. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.72 billion, a PE ratio of 9.97 and a beta of 1.41. Kenon Holdings Ltd. has a 1-year low of $19.63 and a 1-year high of $34.33.
Kenon (NYSE:KEN - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The utilities provider reported $0.81 earnings per share for the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%.
About Kenon
(
Free Report)
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.
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