Citigroup Inc. Sells 7,114 Shares of Kenon Holdings Ltd. $KEN

Citigroup Inc. reduced its stake in Kenon Holdings Ltd. (NYSE:KEN) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,761 shares of the utilities provider’s stock after selling 7,114 shares during the period. Citigroup Inc. owned approximately 0.11% of Kenon worth $2,548,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Kenon by 4.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 28,012 shares of the utilities provider’s stock worth $1,265,000 after acquiring an additional 1,234 shares during the period. Thrivent Financial for Lutherans raised its holdings in Kenon by 34.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 26,391 shares of the utilities provider’s stock valued at $1,185,000 after acquiring an additional 6,822 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Kenon by 17.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 14,130 shares of the utilities provider’s stock valued at $638,000 after acquiring an additional 2,048 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Kenon during the 3rd quarter worth $1,318,000. Finally, Redhawk Wealth Advisors Inc. grew its holdings in shares of Kenon by 6.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 33,649 shares of the utilities provider’s stock worth $1,520,000 after purchasing an additional 2,099 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Price Performance

Kenon stock opened at $84.07 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 4.66 and a current ratio of 4.66. Kenon Holdings Ltd. has a 52 week low of $27.10 and a 52 week high of $85.89. The stock has a market capitalization of $4.38 billion, a P/E ratio of 109.18 and a beta of 1.14. The stock has a fifty day moving average of $74.42 and a 200-day moving average of $59.69.

Kenon (NYSE:KEN) last released its quarterly earnings data on Wednesday, November 19th. The utilities provider reported $0.48 earnings per share for the quarter. The business had revenue of $265.00 million for the quarter. Kenon had a negative return on equity of 2.81% and a net margin of 59.34%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kenon in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Kenon currently has an average rating of “Hold”.

Kenon Profile

Kenon Holdings Ltd. (NYSE: KEN) is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.