Vanguard Group Inc. Grows Stake in Kenon Holdings Ltd. (NYSE:KEN)

Vanguard Group Inc. increased its position in Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 759,732 shares of the utilities provider's stock after buying an additional 15,249 shares during the quarter. Vanguard Group Inc. owned 1.41% of Kenon worth $25,370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KEN. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Kenon by 3.3% during the fourth 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 last quarter. Y.D. More Investments Ltd raised its position in Kenon by 2.8% during 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 purchasing an additional 5,705 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Kenon in the 3rd quarter worth approximately $1,136,000. LPL Financial LLC purchased a new position in shares of Kenon during the fourth quarter valued at approximately $998,000. Finally, CWA Asset Management Group LLC raised its holdings in shares of Kenon by 25.7% during the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider's stock valued at $771,000 after acquiring an additional 4,632 shares in the last quarter. 13.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Kenon from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th.

Kenon Trading Up 3.4 %

Shares of NYSE KEN traded up $0.94 during midday trading on Friday, hitting $28.62. 23,686 shares of the company traded hands, compared to its average volume of 13,597. Kenon Holdings Ltd. has a 12-month low of $21.17 and a 12-month high of $35.49. The firm has a market cap of $1.49 billion, a P/E ratio of 8.94 and a beta of 1.31. The stock has a 50-day moving average price of $32.00 and a 200 day moving average price of $30.63. 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 company also recently announced an annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be issued a dividend of $4.80 per share. This is an increase from Kenon's previous annual dividend of $1.21. The ex-dividend date of this dividend is Monday, April 14th. This represents a dividend yield of 15.6%. Kenon's dividend payout ratio is 150.00%.

About Kenon

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.