29,367 Shares in Kenon Holdings Ltd. (NYSE:KEN) Purchased by LPL Financial LLC

LPL Financial LLC purchased a new position in Kenon Holdings Ltd. (NYSE:KEN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 29,367 shares of the utilities provider's stock, valued at approximately $998,000. LPL Financial LLC owned approximately 0.05% of Kenon as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KEN. Barclays PLC lifted its stake in shares of 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 buying an additional 4,445 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Kenon in the 3rd quarter worth $1,136,000. CWA Asset Management Group LLC raised its stake in shares of Kenon by 25.7% in the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider's stock worth $771,000 after purchasing an additional 4,632 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new position in shares of Kenon during the fourth quarter valued at $746,000. Finally, Y.D. More Investments Ltd boosted its position in shares of Kenon by 2.8% during the fourth quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider's stock valued at $6,885,000 after buying an additional 5,705 shares during the last quarter. Institutional investors own 13.38% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Kenon from a "hold" rating to a "sell" rating in a research note on Wednesday.

Kenon Stock Performance

Shares of NYSE KEN traded up $0.25 during midday trading on Thursday, hitting $30.78. 8,061 shares of the company's stock traded hands, compared to its average volume of 13,989. The firm has a fifty day moving average of $31.84 and a 200 day moving average of $30.63. Kenon Holdings Ltd. has a 1 year low of $21.45 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. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.62 and a beta of 1.31.

Kenon Increases Dividend

The firm also recently announced an annual dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a dividend of $4.80 per share. This is a boost from Kenon's previous annual dividend of $1.21. This represents a yield of 15.6%. The ex-dividend date was Monday, April 14th. Kenon's dividend payout ratio is currently 150.00%.

Kenon 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.