BNP Paribas Financial Markets lifted its holdings in shares of Kenon Holdings Ltd. (NYSE:KEN – Free Report) by 13.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,600 shares of the utilities provider’s stock after purchasing an additional 900 shares during the period. BNP Paribas Financial Markets’ holdings in Kenon were worth $212,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd lifted its stake in Kenon by 3.7% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,694,216 shares of the utilities provider’s stock valued at $76,251,000 after buying an additional 97,256 shares during the period. Y.D. More Investments Ltd bought a new stake in shares of Kenon in the 2nd quarter valued at $4,371,000. Assenagon Asset Management S.A. acquired a new position in shares of Kenon during the 2nd quarter valued at $2,317,000. Finally, CWA Asset Management Group LLC acquired a new position in shares of Kenon during the 3rd quarter valued at $504,000. Institutional investors and hedge funds own 13.38% of the company’s stock.
Kenon Trading Up 1.1 %
NYSE:KEN opened at $29.97 on Tuesday. Kenon Holdings Ltd. has a 12 month low of $19.63 and a 12 month high of $31.26. 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 $1.61 billion, a price-to-earnings ratio of 9.37 and a beta of 1.44. The firm has a fifty day simple moving average of $28.59 and a two-hundred day simple moving average of $26.41.
About Kenon
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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