Sowell Financial Services LLC Purchases New Position in Kenon Holdings Ltd. $KEN

Sowell Financial Services LLC bought a new position in shares of Kenon Holdings Ltd. (NYSE:KEN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,168 shares of the utilities provider’s stock, valued at approximately $1,318,000. Sowell Financial Services LLC owned approximately 0.06% of Kenon as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of KEN. Raymond James Financial Inc. acquired a new position in Kenon in the 2nd quarter valued at $32,000. Jane Street Group LLC increased its holdings in Kenon by 12.2% during the 2nd quarter. Jane Street Group LLC now owns 9,041 shares of the utilities provider’s stock valued at $373,000 after acquiring an additional 984 shares in the last quarter. BNP Paribas Financial Markets increased its position in Kenon by 13.8% during the second quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock worth $378,000 after buying an additional 1,100 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in Kenon by 7.1% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 31,550 shares of the utilities provider’s stock worth $1,311,000 after purchasing an additional 2,079 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Kenon by 23.0% in the first quarter. Invesco Ltd. now owns 22,944 shares of the utilities provider’s stock valued at $734,000 after buying an additional 4,293 shares during the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Price Performance

KEN opened at $66.95 on Wednesday. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 86.94 and a beta of 1.20. Kenon Holdings Ltd. has a fifty-two week low of $27.10 and a fifty-two week high of $67.57. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $58.18 and its 200 day moving average price is $49.42.

Kenon (NYSE:KEN) last posted its earnings results on Wednesday, November 19th. The utilities provider reported $0.48 EPS for the quarter. The firm 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 Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kenon in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Kenon currently has an average rating of “Hold”.

Kenon Company 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.