18,270 Shares in Kenon Holdings Ltd. $KEN Purchased by Nuveen LLC

Key Points

• Nuveen LLC made a new investment in Kenon Holdings Ltd., acquiring 18,270 shares valued at approximately $575,000 during the first quarter.
• Kenon's stock is currently trading at $43.76, with a market capitalization of $2.28 billion, and the company recently reported a net margin of 63.80%.
• Wall Street analysts have downgraded Kenon from a "hold" rating to a "sell" rating, indicating a shift in market sentiment towards the stock.

Nuveen LLC bought a new stake in Kenon Holdings Ltd. (NYSE:KEN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,270 shares of the utilities provider's stock, valued at approximately $575,000.

Several other large investors have also recently added to or reduced their stakes in KEN. Northern Trust Corp increased its position in Kenon by 104.6% in the 4th quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock valued at $524,000 after acquiring an additional 7,881 shares during the period. Bank of America Corp DE increased its position 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 valued at $774,000 after acquiring an additional 20,928 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kenon by 11.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 425,549 shares of the utilities provider's stock valued at $14,214,000 after acquiring an additional 43,694 shares during the period. Redhawk Wealth Advisors Inc. increased its position in Kenon by 34.4% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 29,471 shares of the utilities provider's stock valued at $942,000 after acquiring an additional 7,538 shares during the period. Finally, CWA Asset Management Group LLC increased its position in Kenon by 31.2% in the 1st quarter. CWA Asset Management Group LLC now owns 29,727 shares of the utilities provider's stock valued at $951,000 after acquiring an additional 7,061 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Kenon from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.

Kenon Price Performance

Shares of KEN traded up $0.53 during trading hours on Tuesday, hitting $46.00. 1,865 shares of the company were exchanged, compared to its average volume of 18,764. The company has a market capitalization of $2.40 billion, a PE ratio of 14.38 and a beta of 1.17. 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 firm has a fifty day simple moving average of $45.36 and a 200-day simple moving average of $37.40. Kenon Holdings Ltd. has a one year low of $24.27 and a one year high of $49.99.

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

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.