Kenon Holdings Ltd. $KEN Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in shares of Kenon Holdings Ltd. (NYSE:KEN) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 756,785 shares of the utilities provider’s stock after buying an additional 6,021 shares during the quarter. Vanguard Group Inc.’s holdings in Kenon were worth $49,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in Kenon by 327.2% in the first quarter. Goldman Sachs Group Inc. now owns 122,589 shares of the utilities provider’s stock valued at $3,920,000 after purchasing an additional 93,896 shares in the last quarter. Jane Street Group LLC purchased a new position in Kenon in the first quarter valued at about $254,000. Norges Bank purchased a new position in Kenon in the second quarter valued at about $566,000. Invesco Ltd. grew its stake in Kenon by 29.0% in the second quarter. Invesco Ltd. now owns 29,587 shares of the utilities provider’s stock valued at $1,229,000 after purchasing an additional 6,643 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kenon by 10.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 377,731 shares of the utilities provider’s stock valued at $15,580,000 after purchasing an additional 35,533 shares in the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Kenon in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Kenon Stock Performance

KEN opened at $88.59 on Friday. The company has a market cap of $4.62 billion, a PE ratio of 115.05 and a beta of 1.09. The stock has a 50-day moving average of $84.60 and a 200-day moving average of $72.81. Kenon Holdings Ltd. has a 52-week low of $32.74 and a 52-week high of $95.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.94 and a current ratio of 4.94.

Kenon (NYSE:KEN) last released its quarterly earnings results on Monday, March 30th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter. The company had revenue of $227.93 million during the quarter. Kenon had a return on equity of 3.17% and a net margin of 7.60%.

Kenon Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 13th were paid a dividend of $3.85 per share. This represents a dividend yield of 476.0%. The ex-dividend date was Monday, April 13th. Kenon’s dividend payout ratio is 500.00%.

About Kenon

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.