Kenon Holdings Ltd. (NYSE:KEN) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its position in Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 1,139.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,764 shares of the utilities provider's stock after purchasing an additional 20,928 shares during the period. Bank of America Corp DE's holdings in Kenon were worth $774,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Anfield Capital Management LLC boosted its holdings in shares of Kenon by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock worth $317,000 after purchasing an additional 4,669 shares during the last quarter. Northern Trust Corp boosted its stake in Kenon by 104.6% in 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in Kenon by 30.5% in 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 during the last quarter. Norges Bank purchased a new stake in Kenon in the 4th quarter valued at about $458,000. Finally, Vanguard Group Inc. increased its stake in shares of Kenon by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 759,732 shares of the utilities provider's stock valued at $25,370,000 after acquiring an additional 15,249 shares during the last quarter. 13.38% of the stock is owned by institutional investors and hedge funds.

Kenon Stock Up 0.1%

Shares of Kenon stock opened at $37.00 on Monday. Kenon Holdings Ltd. has a twelve month low of $23.31 and a twelve month high of $37.33. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 11.56 and a beta of 1.12. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average price of $32.20 and a 200 day moving average price of $31.81.

Kenon (NYSE:KEN - Get Free Report) last announced its earnings results on Wednesday, May 28th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $183.00 million for the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%.

Kenon Increases Dividend

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

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Kenon from a "hold" rating to a "sell" rating in a 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.

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