Redhawk Wealth Advisors Inc. Acquires 7,538 Shares of Kenon Holdings Ltd. (NYSE:KEN)

Redhawk Wealth Advisors Inc. boosted its position in Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 34.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,471 shares of the utilities provider's stock after purchasing an additional 7,538 shares during the quarter. Redhawk Wealth Advisors Inc. owned approximately 0.06% of Kenon worth $942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kenon by 11.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 425,549 shares of the utilities provider's stock worth $14,214,000 after buying an additional 43,694 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Kenon by 1,139.9% in the 4th quarter. Bank of America Corp DE now owns 22,764 shares of the utilities provider's stock valued at $774,000 after buying an additional 20,928 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Kenon by 104.6% in the 4th quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider's stock valued at $524,000 after acquiring an additional 7,881 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Kenon by 6.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 267,618 shares of the utilities provider's stock worth $8,972,000 after buying an additional 15,677 shares during the last quarter. Finally, Norges Bank purchased a new position in Kenon in the fourth quarter valued at about $458,000. 13.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Kenon Stock Performance

Kenon stock traded down $0.88 during mid-day trading on Thursday, hitting $35.09. 16,479 shares of the company's stock traded hands, compared to its average volume of 14,094. The firm has a 50 day moving average price of $32.54 and a 200 day moving average price of $31.96. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.83 billion, a PE ratio of 10.97 and a beta of 1.12. Kenon Holdings Ltd. has a one year low of $23.31 and a one year high of $37.50.

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

Kenon Increases Dividend

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