Clal Insurance Enterprises Holdings Ltd Has $329.94 Million Stock Position in Kenon Holdings Ltd. $KEN

Clal Insurance Enterprises Holdings Ltd lifted its stake in Kenon Holdings Ltd. (NYSE:KEN) by 17.1% in the 1st quarter, HoldingsChannel reports. The firm owned 4,039,736 shares of the utilities provider’s stock after acquiring an additional 590,552 shares during the period. Kenon makes up 2.0% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 10th largest holding. Clal Insurance Enterprises Holdings Ltd owned about 0.08% of Kenon worth $329,944,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in Kenon by 327.2% during the first quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider’s stock valued at $3,920,000 after purchasing an additional 93,896 shares in the last quarter. UBS Group AG increased its position in Kenon by 516.0% in the third quarter. UBS Group AG now owns 42,467 shares of the utilities provider’s stock worth $1,918,000 after buying an additional 35,573 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kenon by 10.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 377,731 shares of the utilities provider’s stock worth $15,580,000 after buying an additional 35,533 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Kenon in the fourth quarter worth about $1,891,000. Finally, Y.D. More Investments Ltd raised its stake in shares of Kenon by 11.6% in the fourth quarter. Y.D. More Investments Ltd now owns 212,102 shares of the utilities provider’s stock worth $13,963,000 after buying an additional 22,045 shares during the period. 13.38% of the stock is owned by institutional investors.

Kenon Price Performance

KEN stock opened at $69.34 on Wednesday. Kenon Holdings Ltd. has a one year low of $41.50 and a one year high of $95.93. The company’s fifty day moving average price is $75.08 and its 200-day moving average price is $77.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.74 and a current ratio of 3.74. The company has a market capitalization of $3.61 billion, a PE ratio of 66.67 and a beta of 1.11.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Kenon from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company 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.