Y.D. More Investments Ltd Boosts Position in Kenon Holdings Ltd. $KEN

Key Points

• Y.D. More Investments boosted its stake in Kenon by 11.6% in Q4 to 212,102 shares (about $13.96M), making the stock its 24th largest position.
• Kenon announced an annual dividend of $3.85 per share payable April 20 (record date April 13), a reported yield of 482% and a payout ratio of 623%, which are unusually high metrics for investors to note.
• Recent company fundamentals: Kenon has a market cap of $4.42 billion, a P/E of 110.21, and reported $0.50 EPS on $227.93 million in quarterly revenue; the consensus analyst rating is Hold.

Y.D. More Investments Ltd boosted its stake in shares of Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,102 shares of the utilities provider's stock after buying an additional 22,045 shares during the quarter. Kenon makes up 0.7% of Y.D. More Investments Ltd's portfolio, making the stock its 24th largest position. Y.D. More Investments Ltd owned 0.41% of Kenon worth $13,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC purchased a new position in shares of Kenon during the third quarter worth approximately $1,318,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Kenon by 4.0% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,413,666 shares of the utilities provider's stock valued at $153,130,000 after purchasing an additional 132,522 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Kenon by 34.9% in the third quarter. Thrivent Financial for Lutherans now owns 26,391 shares of the utilities provider's stock valued at $1,185,000 after purchasing an additional 6,822 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Kenon by 17.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 14,130 shares of the utilities provider's stock worth $638,000 after purchasing an additional 2,048 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its stake in Kenon by 6.7% in the third quarter. Redhawk Wealth Advisors Inc. now owns 33,649 shares of the utilities provider's stock worth $1,520,000 after purchasing an additional 2,099 shares in the last quarter. 13.38% of the stock is owned by hedge funds and other institutional investors.

Kenon Price Performance

Shares of KEN opened at $84.87 on Monday. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 110.21 and a beta of 1.08. Kenon Holdings Ltd. has a twelve month low of $27.10 and a twelve month high of $87.60. The company has a quick ratio of 4.66, a current ratio of 3.10 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $79.95 and a two-hundred day moving average of $65.12.

Kenon (NYSE:KEN - Get Free Report) last issued its quarterly earnings results on Monday, March 30th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter. Kenon had a return on equity of 2.84% and a net margin of 11.53%.The business had revenue of $227.93 million for the quarter.

Kenon Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, April 20th. Investors of record on Monday, April 13th will be given a dividend of $3.85 per share. This represents a yield of 482.0%. The ex-dividend date of this dividend is Monday, April 13th. Kenon's dividend payout ratio is currently 623.38%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kenon in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".

Kenon Company Profile

Kenon Holdings Ltd. NYSE: KEN is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.

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