Arrowstreet Capital Limited Partnership boosted its position in Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 267,618 shares of the utilities provider's stock after purchasing an additional 15,677 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.50% of Kenon worth $8,972,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. purchased a new position in shares of Kenon in the third quarter worth approximately $1,136,000. Barclays PLC raised its position in Kenon by 4,233.3% in the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock worth $127,000 after acquiring an additional 4,445 shares during the period. BNP Paribas Financial Markets raised its position in Kenon by 13.4% in the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider's stock worth $212,000 after acquiring an additional 900 shares during the period. Redhawk Wealth Advisors Inc. purchased a new position in shares of Kenon during the 4th quarter worth $746,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of Kenon by 3.3% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,782,978 shares of the utilities provider's stock valued at $92,868,000 after acquiring an additional 88,762 shares during the period. 13.38% of the stock is currently owned by institutional investors.
Kenon Stock Performance
KEN traded up $1.58 during midday trading on Friday, reaching $34.91. The company had a trading volume of 140,100 shares, compared to its average volume of 13,355. Kenon Holdings Ltd. has a 1 year low of $19.63 and a 1 year high of $35.33. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.82 billion, a P/E ratio of 10.91 and a beta of 1.31. The business has a 50-day moving average of $32.35 and a two-hundred day moving average of $30.58.
Kenon Increases Dividend
The company also recently announced an annual dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 14th will be issued a $4.80 dividend. This represents a yield of 15.6%. This is a positive change from Kenon's previous annual dividend of $1.21. The ex-dividend date is Monday, April 14th. Kenon's dividend payout ratio is currently 150.00%.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Kenon from a "hold" rating to a "sell" rating in a report on Friday, April 4th.
Read Our Latest Research Report on Kenon
Kenon Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Kenon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kenon wasn't on the list.
While Kenon currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
