JPMorgan Chase & Co. Invests $1.14 Million in Kenon Holdings Ltd. (NYSE:KEN)

JPMorgan Chase & Co. bought a new stake in Kenon Holdings Ltd. (NYSE:KEN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 40,701 shares of the utilities provider’s stock, valued at approximately $1,136,000. JPMorgan Chase & Co. owned approximately 0.08% of Kenon as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Kenon by 3.7% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,694,216 shares of the utilities provider’s stock worth $76,251,000 after buying an additional 97,256 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Kenon in the 3rd quarter valued at about $504,000. Public Employees Retirement System of Ohio purchased a new position in Kenon in the third quarter worth about $365,000. Barclays PLC increased its stake in Kenon by 4,233.3% during the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock worth $127,000 after acquiring an additional 4,445 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Kenon by 13.4% during the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 900 shares during the period. Institutional investors own 13.38% of the company’s stock.

Kenon Stock Performance

NYSE KEN opened at $31.90 on Friday. The business’s 50 day moving average price is $30.99 and its 200-day moving average price is $27.79. Kenon Holdings Ltd. has a fifty-two week low of $19.63 and a fifty-two week high of $34.33. The company has a market cap of $1.72 billion, a P/E ratio of 9.97 and a beta of 1.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78.

Kenon (NYSE:KEN) last posted its quarterly earnings data on Thursday, December 5th. The utilities provider reported $0.81 earnings per share for the quarter. Kenon had a net margin of 22.88% and a return on equity of 2.93%.

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.