JPMorgan Chase & Co. Grows Stock Holdings in Kenon Holdings Ltd. (NYSE:KEN)

JPMorgan Chase & Co. boosted its position in Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,116 shares of the utilities provider's stock after acquiring an additional 12,415 shares during the quarter. JPMorgan Chase & Co. owned 0.10% of Kenon worth $1,806,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KEN. Barclays PLC raised its stake in shares of Kenon by 4,233.3% during the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider's stock worth $127,000 after acquiring an additional 4,445 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of Kenon in the fourth quarter worth about $746,000. LPL Financial LLC bought a new stake in shares of Kenon in the 4th quarter valued at about $998,000. Vanguard Group Inc. boosted its holdings in 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 period. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Kenon by 3.3% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,782,978 shares of the utilities provider's stock worth $92,868,000 after acquiring an additional 88,762 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company's stock.

Kenon Trading Down 1.6 %

Kenon stock traded down $0.48 during trading hours on Wednesday, reaching $30.20. The stock had a trading volume of 10,000 shares, compared to its average volume of 14,208. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.78 and a quick ratio of 3.78. The company has a fifty day simple moving average of $31.63 and a 200-day simple moving average of $30.78. The stock has a market cap of $1.57 billion, a PE ratio of 9.44 and a beta of 1.31. Kenon Holdings Ltd. has a 52 week low of $22.17 and a 52 week high of $35.49.

Kenon Increases Dividend

The business 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. The ex-dividend date was Monday, April 14th. This is a positive change from Kenon's previous annual dividend of $1.21. This represents a yield of 15.6%. Kenon's dividend payout ratio (DPR) is 150.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Kenon from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd.

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.