Kenon Holdings Ltd. (NYSE:KEN) Short Interest Up 33.7% in March

Kenon Holdings Ltd. (NYSE:KEN - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 13,500 shares, an increase of 33.7% from the March 15th total of 10,100 shares. Based on an average daily volume of 13,200 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the company's stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Kenon from a "hold" rating to a "sell" rating in a report on Wednesday.

Institutional Trading of Kenon

A number of institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC grew its stake in Kenon by 4,233.3% in the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock valued at $127,000 after purchasing an additional 4,445 shares during the period. Anfield Capital Management LLC increased its holdings in Kenon by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock worth $317,000 after buying an additional 4,669 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Kenon during the third quarter worth about $365,000. Norges Bank bought a new stake in Kenon in the fourth quarter worth about $458,000. Finally, Northern Trust Corp boosted its stake in Kenon by 104.6% in the fourth 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 last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Kenon Stock Up 0.6 %

Shares of KEN traded up $0.19 during trading hours on Thursday, reaching $30.72. 11,922 shares of the stock traded hands, compared to its average volume of 14,002. Kenon has a 52 week low of $21.45 and a 52 week high of $35.49. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $31.84 and a 200 day simple moving average of $30.63. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 9.60 and a beta of 1.31.

Kenon Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, April 14th were paid a $4.80 dividend. This represents a dividend yield of 15.6%. The ex-dividend date of this dividend was Monday, April 14th. This is an increase from Kenon's previous annual dividend of $1.21. Kenon's payout ratio is presently 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.