Public Employees Retirement System of Ohio Has $358,000 Position in Kenon Holdings Ltd. $KEN

Public Employees Retirement System of Ohio lowered its stake in shares of Kenon Holdings Ltd. (NYSE:KEN) by 37.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,675 shares of the utilities provider’s stock after selling 5,094 shares during the period. Public Employees Retirement System of Ohio’s holdings in Kenon were worth $358,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Kenon by 9.5% in 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. Vanguard Group Inc. lifted its stake in shares of Kenon by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 763,908 shares of the utilities provider’s stock valued at $24,217,000 after purchasing an additional 4,176 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Kenon by 327.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider’s stock valued at $3,920,000 after purchasing an additional 93,896 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Kenon in the 2nd quarter valued at $3,467,000. Finally, Redhawk Wealth Advisors Inc. lifted its stake in shares of Kenon by 7.1% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 31,550 shares of the utilities provider’s stock valued at $1,311,000 after purchasing an additional 2,079 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Price Performance

Shares of Kenon stock opened at $46.46 on Tuesday. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 14.52 and a beta of 1.18. Kenon Holdings Ltd. has a 1-year low of $26.02 and a 1-year high of $49.99. The firm’s 50-day moving average price is $44.78 and its two-hundred day moving average price is $39.06.

Kenon (NYSE:KEN) last issued its quarterly earnings data on Thursday, August 28th. The utilities provider reported $0.10 earnings per share for the quarter. The firm 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%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kenon in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Kenon Company 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.