Goldman Sachs Group Inc. Has $3.92 Million Stake in Kenon Holdings Ltd. $KEN

Key Points

• Goldman Sachs Group Inc. significantly increased its stake in Kenon Holdings by 327.2% in the first quarter, owning a total of 122,589 shares worth about $3.92 million.
• Kenon Holdings reported earnings of $0.10 EPS for the last quarter with a revenue of $196 million and a net margin of 63.80%.
• The stock is currently trading at $41.84, with a market cap of $2.18 billion and a P/E ratio of 13.08.

Goldman Sachs Group Inc. boosted its position in shares of Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 327.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,589 shares of the utilities provider's stock after acquiring an additional 93,896 shares during the quarter. Goldman Sachs Group Inc. owned 0.24% of Kenon worth $3,920,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KEN. Northern Trust Corp raised its position in Kenon by 104.6% during the fourth quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock worth $524,000 after acquiring an additional 7,881 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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 valued at $774,000 after purchasing an additional 20,928 shares during the period. Redhawk Wealth Advisors Inc. raised its position in shares of Kenon by 34.4% in the first quarter. Redhawk Wealth Advisors Inc. now owns 29,471 shares of the utilities provider's stock valued at $942,000 after purchasing an additional 7,538 shares during the period. CWA Asset Management Group LLC raised its position in shares of Kenon by 31.2% in the first quarter. CWA Asset Management Group LLC now owns 29,727 shares of the utilities provider's stock valued at $951,000 after purchasing an additional 7,061 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Kenon by 0.5% in the first 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 period. 13.38% of the stock is owned by institutional investors.

Kenon Stock Performance

Shares of KEN traded up $0.13 during trading hours on Friday, hitting $43.03. The company had a trading volume of 16,142 shares, compared to its average volume of 11,088. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 13.45 and a beta of 1.17. The business has a fifty day moving average of $45.46 and a 200-day moving average of $38.12. Kenon Holdings Ltd. has a 12 month low of $24.80 and a 12 month high of $49.99. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.50.

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