Nuveen LLC Makes New Investment in Kenon Holdings Ltd. $KEN

Nuveen LLC acquired a new position in Kenon Holdings Ltd. (NYSE:KEN) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,270 shares of the utilities provider’s stock, valued at approximately $575,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KEN. Northern Trust Corp grew its holdings in Kenon by 104.6% in the fourth quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 7,881 shares during the period. Invesco Ltd. grew its holdings in Kenon by 23.0% in the first quarter. Invesco Ltd. now owns 22,944 shares of the utilities provider’s stock worth $734,000 after purchasing an additional 4,293 shares during the period. Bank of America Corp DE grew its holdings in Kenon by 1,139.9% in the fourth quarter. Bank of America Corp DE now owns 22,764 shares of the utilities provider’s stock worth $774,000 after purchasing an additional 20,928 shares during the period. Redhawk Wealth Advisors Inc. grew its holdings in shares of Kenon by 34.4% during the first quarter. Redhawk Wealth Advisors Inc. now owns 29,471 shares of the utilities provider’s stock valued at $942,000 after buying an additional 7,538 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its holdings in shares of Kenon by 31.2% during the first quarter. CWA Asset Management Group LLC now owns 29,727 shares of the utilities provider’s stock valued at $951,000 after buying an additional 7,061 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Kenon Stock Up 1.2%

KEN opened at $43.76 on Thursday. The company has a current ratio of 4.33, a quick ratio of 5.45 and a debt-to-equity ratio of 0.50. Kenon Holdings Ltd. has a 1-year low of $24.27 and a 1-year high of $49.99. The company has a market capitalization of $2.28 billion, a PE ratio of 13.67 and a beta of 1.17. The firm’s 50 day simple moving average is $45.06 and its two-hundred day simple moving average is $37.09.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Kenon from a “hold” rating to a “sell” rating in a report on Thursday, May 15th.

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.