JPMorgan Chase & Co. Increases Position in Kenon Holdings Ltd. (NYSE:KEN)

JPMorgan Chase & Co. boosted its stake in shares of Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 30.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,116 shares of the utilities provider's stock after buying an additional 12,415 shares during the period. JPMorgan Chase & Co. owned 0.10% of Kenon worth $1,806,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KEN. Barclays PLC grew its holdings in shares of Kenon by 4,233.3% during the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock worth $127,000 after purchasing an additional 4,445 shares during the period. CWA Asset Management Group LLC boosted its stake in Kenon by 25.7% during the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider's stock worth $771,000 after buying an additional 4,632 shares during the period. Anfield Capital Management LLC increased its position in shares of Kenon by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock valued at $317,000 after acquiring an additional 4,669 shares during the last quarter. Y.D. More Investments Ltd raised its stake in shares of Kenon by 2.8% in the 4th quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider's stock valued at $6,885,000 after acquiring an additional 5,705 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Kenon by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 759,732 shares of the utilities provider's stock valued at $25,370,000 after acquiring an additional 15,249 shares during the period. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Kenon from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd.

Kenon Stock Down 3.3 %

Shares of Kenon stock traded down $1.03 during trading hours on Monday, reaching $29.79. 17,941 shares of the company were exchanged, compared to its average volume of 14,091. The firm has a market cap of $1.55 billion, a PE ratio of 9.31 and a beta of 1.31. The stock's fifty day moving average is $31.76 and its 200 day moving average is $30.75. Kenon Holdings Ltd. has a 1 year low of $22.17 and a 1 year high of $35.49. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78.

Kenon Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a $4.80 dividend. The ex-dividend date was Monday, April 14th. This represents a yield of 15.6%. This is a positive change from Kenon's previous annual dividend of $1.21. Kenon's dividend payout ratio (DPR) is currently 150.00%.

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.