CWA Asset Management Group LLC Purchases 7,061 Shares of Kenon Holdings Ltd. (NYSE:KEN)

CWA Asset Management Group LLC raised its position in Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 31.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,727 shares of the utilities provider's stock after buying an additional 7,061 shares during the quarter. CWA Asset Management Group LLC owned about 0.06% of Kenon worth $951,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Anfield Capital Management LLC boosted 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 acquiring an additional 4,669 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in 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 worth $92,868,000 after purchasing an additional 88,762 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Kenon in the 4th quarter valued at $998,000. Vanguard Group Inc. increased its stake in shares of Kenon by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 759,732 shares of the utilities provider's stock valued at $25,370,000 after purchasing an additional 15,249 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings 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. 13.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Kenon from a "hold" rating to a "sell" rating in a research note on Thursday, May 15th.

Kenon Trading Up 3.1%

KEN opened at $37.22 on Friday. The company has a market cap of $1.94 billion, a P/E ratio of 11.63 and a beta of 1.12. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.44. The company's 50 day moving average is $32.87 and its 200-day moving average is $32.19. Kenon Holdings Ltd. has a 1-year low of $23.31 and a 1-year high of $37.50.

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

Kenon Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were 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 was Monday, April 14th. This represents a dividend yield of 15.6%. Kenon's dividend payout ratio (DPR) is 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.

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