UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Kenon Holdings Ltd. (NYSE:KEN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 48.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,248 shares of the utilities provider's stock after selling 11,620 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Kenon were worth $416,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of KEN. Norges Bank acquired a new position in shares of Kenon during the fourth quarter worth about $458,000. Northern Trust Corp raised its stake 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. Bank of America Corp DE raised its stake in shares of Kenon by 1,139.9% during the 4th quarter. Bank of America Corp DE now owns 22,764 shares of the utilities provider's stock worth $774,000 after buying an additional 20,928 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Kenon in the 4th quarter valued at approximately $998,000. Finally, Vanguard Group Inc. boosted its stake in shares of Kenon by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 759,732 shares of the utilities provider's stock valued at $25,370,000 after buying an additional 15,249 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.

Analyst Ratings Changes

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

Kenon Price Performance

Shares of NYSE KEN traded down $0.88 during midday trading on Thursday, hitting $35.09. The company had a trading volume of 16,479 shares, compared to its average volume of 14,094. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.97 and a beta of 1.12. Kenon Holdings Ltd. has a twelve month low of $23.31 and a twelve month high of $37.50. The business has a 50-day simple moving average of $32.54 and a two-hundred day simple moving average 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.

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

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. The ex-dividend date of this dividend was Monday, April 14th. This is a boost from Kenon's previous annual dividend of $1.21. This represents a yield of 15.6%. Kenon's payout ratio is currently 150.00%.

Kenon 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.