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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 48.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of KEN. Anfield Capital Management LLC lifted its position in Kenon by 100.0% in the fourth quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock valued at $317,000 after purchasing an additional 4,669 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Kenon by 3.3% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,782,978 shares of the utilities provider's stock valued at $92,868,000 after purchasing an additional 88,762 shares during the last quarter. LPL Financial LLC bought a new stake in Kenon in the fourth quarter valued at approximately $998,000. Vanguard Group Inc. lifted its position in 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 purchasing an additional 15,249 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Kenon by 30.5% in the fourth quarter. JPMorgan Chase & Co. now owns 53,116 shares of the utilities provider's stock valued at $1,806,000 after purchasing an additional 12,415 shares during the last quarter. Institutional investors own 13.38% of the company's stock.

Kenon Trading Down 1.3%

Shares of Kenon stock traded down $0.44 during midday trading on Friday, reaching $34.65. 14,602 shares of the company's stock traded hands, compared to its average volume of 14,136. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78. The company has a market cap of $1.81 billion, a PE ratio of 10.83 and a beta of 1.12. The stock has a 50 day moving average of $32.60 and a 200-day moving average of $32.01. Kenon Holdings Ltd. has a 12 month low of $23.31 and a 12 month high of $37.50.

Kenon (NYSE:KEN - Get Free Report) last posted its quarterly earnings data 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 during the quarter. Kenon had a return on equity of 2.93% and a net margin of 22.88%.

Kenon Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were issued a $4.80 dividend. 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 yield of 15.6%. Kenon's dividend payout ratio is 150.00%.

Analyst Upgrades and Downgrades

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.