Y.D. More Investments Ltd Raises Holdings in Kenon Holdings Ltd. $KEN

Y.D. More Investments Ltd lifted its stake in Kenon Holdings Ltd. (NYSE:KEN) by 11.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 212,102 shares of the utilities provider’s stock after purchasing an additional 22,045 shares during the quarter. Kenon comprises about 0.7% of Y.D. More Investments Ltd’s portfolio, making the stock its 24th largest holding. Y.D. More Investments Ltd’s holdings in Kenon were worth $13,963,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd grew its position in Kenon by 4.0% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,413,666 shares of the utilities provider’s stock worth $153,130,000 after purchasing an additional 132,522 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kenon by 8.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 409,084 shares of the utilities provider’s stock valued at $18,365,000 after purchasing an additional 31,353 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Kenon by 7.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 148,723 shares of the utilities provider’s stock worth $6,685,000 after buying an additional 10,496 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Kenon by 327.2% in the first quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider’s stock worth $3,920,000 after buying an additional 93,896 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Kenon by 516.0% during the third quarter. UBS Group AG now owns 42,467 shares of the utilities provider’s stock worth $1,918,000 after buying an additional 35,573 shares during the period. 13.38% of the stock is currently owned by institutional investors and hedge funds.

Kenon Price Performance

Shares of NYSE KEN opened at $84.87 on Monday. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 110.21 and a beta of 1.08. Kenon Holdings Ltd. has a 12 month low of $27.10 and a 12 month high of $87.60. The firm’s 50 day simple moving average is $79.95 and its 200-day simple moving average is $65.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.10 and a quick ratio of 4.66.

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

Kenon Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Monday, April 20th. Shareholders of record on Monday, April 13th will be issued a $3.85 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a yield of 482.0%. Kenon’s payout ratio is presently 623.38%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kenon in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock 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.