Goldman Sachs Group Inc. Buys 93,896 Shares of Kenon Holdings Ltd. $KEN

Goldman Sachs Group Inc. boosted its stake in Kenon Holdings Ltd. (NYSE:KEN) by 327.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,589 shares of the utilities provider’s stock after acquiring an additional 93,896 shares during the period. Goldman Sachs Group Inc. owned 0.24% of Kenon worth $3,920,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in Kenon in the first quarter valued at $254,000. Northern Trust Corp boosted its stake in Kenon by 104.6% in the 4th 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 in the last quarter. Nuveen LLC bought a new position in Kenon in the 1st quarter worth about $575,000. Bank of America Corp DE boosted its stake in Kenon by 1,139.9% in the 4th 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 in the last quarter. Finally, Invesco Ltd. boosted its stake in 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 purchasing an additional 4,293 shares in the last quarter. Institutional investors own 13.38% of the company’s stock.

Kenon Stock Performance

Shares of Kenon stock opened at $41.84 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.33 and a quick ratio of 4.33. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 13.08 and a beta of 1.17. The firm’s 50-day moving average is $45.55 and its 200 day moving average is $37.96. Kenon Holdings Ltd. has a 1 year low of $24.27 and a 1 year high of $49.99.

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

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.