CWA Asset Management Group LLC Grows Stock Holdings in Kenon Holdings Ltd. (NYSE:KEN)

CWA Asset Management Group LLC raised its stake in shares of Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 31.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 29,727 shares of the utilities provider's stock after purchasing an additional 7,061 shares during the period. CWA Asset Management Group LLC owned approximately 0.06% of Kenon worth $951,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Anfield Capital Management LLC lifted its position in shares of Kenon by 100.0% during the 4th 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 in the last quarter. Redhawk Wealth Advisors Inc. lifted its position in shares of Kenon by 34.4% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 29,471 shares of the utilities provider's stock worth $942,000 after buying an additional 7,538 shares in the last quarter. Northern Trust Corp lifted its position in shares of Kenon by 104.6% during the 4th quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock worth $524,000 after buying an additional 7,881 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Kenon by 30.5% during the 4th quarter. JPMorgan Chase & Co. now owns 53,116 shares of the utilities provider's stock worth $1,806,000 after buying an additional 12,415 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Kenon during the 4th quarter worth approximately $458,000. Institutional investors and hedge funds own 13.38% of the company's stock.

Kenon Stock Performance

Shares of Kenon stock traded up $0.61 during mid-day trading on Monday, hitting $38.14. 19,914 shares of the stock were exchanged, compared to its average volume of 14,294. The company has a debt-to-equity ratio of 0.44, a quick ratio of 5.45 and a current ratio of 5.45. The company has a market capitalization of $1.99 billion, a P/E ratio of 11.92 and a beta of 1.12. The company has a 50-day simple moving average of $33.12 and a 200 day simple moving average of $32.30. Kenon Holdings Ltd. has a 12 month low of $23.31 and a 12 month high of $38.53.

Kenon (NYSE:KEN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The utilities provider reported $0.22 EPS for the quarter. The company had revenue of $183.00 million for the quarter. Kenon had a net margin of 79.14% and a negative return on equity of 2.64%.

Kenon Increases Dividend

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

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Kenon from a "hold" rating to a "sell" rating in a research report on Thursday, May 15th.

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.