Y.D. More Investments Ltd Boosts Stock Holdings in Kenon Holdings Ltd. (NYSE:KEN)

Y.D. More Investments Ltd grew its holdings in Kenon Holdings Ltd. (NYSE:KEN) by 2.8% during the fourth quarter, HoldingsChannel reports. The firm owned 206,333 shares of the utilities provider’s stock after acquiring an additional 5,705 shares during the period. Kenon comprises about 0.6% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 29th biggest holding. Y.D. More Investments Ltd’s holdings in Kenon were worth $6,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in shares of Kenon by 13.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock valued at $212,000 after acquiring an additional 900 shares during the period. Barclays PLC grew its position in Kenon by 4,233.3% in the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 4,445 shares in the last quarter. CWA Asset Management Group LLC increased its stake in Kenon by 25.7% during the 4th quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider’s stock worth $771,000 after buying an additional 4,632 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Kenon in the third quarter valued at $365,000. Finally, Redhawk Wealth Advisors Inc. purchased a new position in Kenon in the fourth quarter valued at $746,000. 13.38% of the stock is owned by institutional investors and hedge funds.

Kenon Stock Performance

Shares of KEN opened at $31.18 on Wednesday. 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 Holdings Ltd. has a 1 year low of $19.63 and a 1 year high of $34.33. The stock has a market capitalization of $1.68 billion, a PE ratio of 9.74 and a beta of 1.39. The stock has a 50-day simple moving average of $31.18 and a 200-day simple moving average of $28.06.

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

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.