LPL Financial LLC Purchases New Position in Kenon Holdings Ltd. (NYSE:KEN)

LPL Financial LLC bought a new stake in Kenon Holdings Ltd. (NYSE:KEN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,367 shares of the utilities provider’s stock, valued at approximately $998,000. LPL Financial LLC owned about 0.05% of Kenon at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Barclays PLC lifted its holdings in Kenon by 4,233.3% during the 3rd quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock worth $127,000 after buying an additional 4,445 shares in the last quarter. CWA Asset Management Group LLC lifted its stake in Kenon by 25.7% in the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider’s stock valued at $771,000 after buying an additional 4,632 shares in the last quarter. Anfield Capital Management LLC increased its holdings in Kenon by 100.0% during the 4th quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 4,669 shares in the last quarter. Y.D. More Investments Ltd boosted its position in Kenon by 2.8% during the 4th quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider’s stock worth $6,885,000 after acquiring an additional 5,705 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in Kenon in the 4th quarter valued at $746,000. Institutional investors own 13.38% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Kenon from a “sell” rating to a “hold” rating in a research note on Tuesday, April 15th.

Kenon Trading Up 3.4 %

KEN stock opened at $28.62 on Monday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 8.94 and a beta of 1.31. 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 moving average price of $32.00 and a two-hundred day moving average price of $30.63. Kenon Holdings Ltd. has a one year low of $21.17 and a one year high of $35.49.

Kenon Increases Dividend

The company also recently announced an annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be given a $4.80 dividend. This is an increase from Kenon’s previous annual dividend of $1.21. The ex-dividend date is Monday, April 14th. This represents a dividend yield of 15.6%. Kenon’s dividend payout ratio is presently 150.00%.

About Kenon

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.