Y.D. More Investments Ltd Has $8.97 Million Holdings in Kenon Holdings Ltd. $KEN

Y.D. More Investments Ltd lifted its position in shares of Kenon Holdings Ltd. (NYSE:KEN) by 9.1% during the second quarter, Holdings Channel.com reports. The firm owned 217,649 shares of the utilities provider’s stock after purchasing an additional 18,177 shares during the period. Kenon accounts for 0.6% of Y.D. More Investments Ltd’s holdings, making the stock its 26th biggest position. Y.D. More Investments Ltd’s holdings in Kenon were worth $8,965,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Kenon by 0.5% during the first quarter. Vanguard Group Inc. now owns 763,908 shares of the utilities provider’s stock worth $24,217,000 after buying an additional 4,176 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Kenon by 23.0% in the 1st quarter. Invesco Ltd. now owns 22,944 shares of the utilities provider’s stock worth $734,000 after acquiring an additional 4,293 shares during the last quarter. Nuveen LLC bought a new position in Kenon in the 1st quarter valued at about $575,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Kenon by 9.5% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,046,978 shares of the utilities provider’s stock valued at $96,048,000 after purchasing an additional 264,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Kenon by 327.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider’s stock worth $3,920,000 after purchasing an additional 93,896 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Kenon in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Kenon Price Performance

Shares of NYSE KEN opened at $56.75 on Friday. The company has a market capitalization of $2.96 billion, a PE ratio of 50.22 and a beta of 1.22. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $48.34 and its 200-day moving average price is $43.15. Kenon Holdings Ltd. has a twelve month low of $27.10 and a twelve month high of $58.32.

Kenon (NYSE:KEN) last issued its quarterly earnings results on Thursday, August 28th. The utilities provider reported $0.10 EPS for the quarter. The business had revenue of $196.00 million for the quarter. Kenon had a negative return on equity of 2.32% and a net margin of 63.80%.

Kenon Profile

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.