Clal Insurance Enterprises Holdings Ltd raised its stake in Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the 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 about 5.16% of Kenon worth $92,868,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. CWA Asset Management Group LLC acquired a new position in shares of Kenon during the third quarter worth approximately $504,000. BNP Paribas Financial Markets raised its stake in Kenon by 13.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider's stock valued at $212,000 after acquiring an additional 900 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Kenon during the 3rd quarter worth $365,000. Barclays PLC grew its stake in shares of Kenon by 4,233.3% in the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock worth $127,000 after purchasing an additional 4,445 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Kenon during the third quarter valued at $1,136,000. Institutional investors and hedge funds own 13.38% of the company's stock.
Kenon Price Performance
KEN stock traded up $0.82 during trading on Wednesday, hitting $32.31. The company had a trading volume of 7,544 shares, compared to its average volume of 15,828. The business has a 50 day moving average of $31.98 and a 200 day moving average of $29.10. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.10 and a beta of 1.39. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. Kenon Holdings Ltd. has a fifty-two week low of $19.63 and a fifty-two week high of $34.33.
Kenon (NYSE:KEN - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. Kenon had a net margin of 22.88% and a return on equity of 2.93%.
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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