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

Clal Insurance Enterprises Holdings Ltd raised its holdings in Kenon Holdings Ltd. (NYSE:KEN) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,449,184 shares of the utilities provider’s stock after buying an additional 35,518 shares during the period. Kenon comprises about 1.5% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 13th largest position. Clal Insurance Enterprises Holdings Ltd owned 6.61% of Kenon worth $227,062,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Kenon during the second quarter worth about $32,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kenon by 24.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 610 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Kenon during the 1st quarter worth approximately $254,000. Tidal Investments LLC acquired a new position in shares of Kenon during the 2nd quarter worth approximately $256,000. Finally, BNP Paribas Financial Markets raised its position in shares of Kenon by 13.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 1,100 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Kenon Stock Up 0.5%

KEN stock opened at $72.44 on Friday. The stock has a market capitalization of $3.77 billion, a P/E ratio of 69.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.74 and a current ratio of 3.74. Kenon Holdings Ltd. has a one year low of $34.52 and a one year high of $95.93. The company has a 50 day moving average price of $84.87 and a two-hundred day moving average price of $76.81.

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

Kenon Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, April 20th. Shareholders of record on Monday, April 13th were paid a $3.85 dividend. This represents a yield of 476.0%. The ex-dividend date of this dividend was Monday, April 13th. Kenon’s payout ratio is presently 370.19%.

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.