Kenon Holdings Ltd. $KEN Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Kenon Holdings Ltd. (NYSE:KEN) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 756,785 shares of the utilities provider’s stock after acquiring an additional 6,021 shares during the quarter. Vanguard Group Inc. owned 1.45% of Kenon worth $49,886,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Kenon in the 2nd quarter worth approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Kenon by 24.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 610 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Kenon in the 1st quarter worth approximately $254,000. Tidal Investments LLC acquired a new position in shares of Kenon in the 2nd quarter worth approximately $256,000. Finally, BNP Paribas Financial Markets grew its position in shares of Kenon by 13.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,100 shares of the utilities provider’s stock worth $378,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 13.38% of the company’s stock.

Kenon Stock Down 3.1%

KEN opened at $88.59 on Friday. Kenon Holdings Ltd. has a one year low of $32.74 and a one year high of $95.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.94 and a current ratio of 4.94. The stock’s fifty day moving average is $84.60 and its 200-day moving average is $72.81. The company has a market capitalization of $4.62 billion, a PE ratio of 115.05 and a beta of 1.09.

Kenon (NYSE:KEN) last issued its earnings results on Monday, March 30th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter. The business had revenue of $227.93 million for the quarter. Kenon had a return on equity of 3.17% and a net margin of 7.60%.

Kenon Announces Dividend

The business also recently announced an annual dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were issued a $3.85 dividend. This represents a dividend yield of 476.0%. The ex-dividend date was Monday, April 13th. Kenon’s payout ratio is presently 500.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Kenon in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Kenon Profile

Kenon Holdings Ltd. (NYSE: KEN) is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.