Segall Bryant & Hamill LLC Makes New Investment in Kenon Holdings Ltd. $KEN

Segall Bryant & Hamill LLC acquired a new stake in Kenon Holdings Ltd. (NYSE:KEN) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 32,761 shares of the utilities provider’s stock, valued at approximately $2,681,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its holdings in shares of Kenon by 22.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 248,275 shares of the utilities provider’s stock worth $20,349,000 after purchasing an additional 44,869 shares in the last quarter. Vanguard Group Inc. raised its stake in Kenon by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 756,785 shares of the utilities provider’s stock valued at $49,886,000 after purchasing an additional 6,021 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Kenon by 17.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,039,736 shares of the utilities provider’s stock valued at $329,944,000 after purchasing an additional 590,552 shares in the last quarter. Altshuler Shaham Ltd raised its stake in Kenon by 4.9% in the first quarter. Altshuler Shaham Ltd now owns 189,228 shares of the utilities provider’s stock valued at $15,455,000 after purchasing an additional 8,864 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Kenon during the second quarter worth about $32,000. 13.38% of the stock is owned by institutional investors and hedge funds.

Kenon Stock Up 2.8%

Shares of KEN opened at $68.09 on Wednesday. The firm has a 50 day simple moving average of $71.16 and a two-hundred day simple moving average of $77.87. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.74 and a quick ratio of 3.74. Kenon Holdings Ltd. has a one year low of $41.50 and a one year high of $95.93. The company has a market cap of $3.55 billion, a P/E ratio of 65.47 and a beta of 1.12.

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

Analysts Set New Price Targets

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

Kenon 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.