MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Position in Kenon Holdings Ltd. (NYSE:KEN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Kenon Holdings Ltd. (NYSE:KEN) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 425,549 shares of the utilities provider’s stock after buying an additional 43,694 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Kenon were worth $14,214,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Barclays PLC increased its holdings in shares of Kenon by 4,233.3% in the third quarter. Barclays PLC now owns 4,550 shares of the utilities provider’s stock worth $127,000 after buying an additional 4,445 shares during the period. Anfield Capital Management LLC grew its stake in shares of Kenon by 100.0% in the fourth 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 during the last quarter. Y.D. More Investments Ltd grew its stake in shares of Kenon by 2.8% in the fourth quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider’s stock worth $6,885,000 after purchasing an additional 5,705 shares during the last quarter. Northern Trust Corp grew its stake in shares of Kenon by 104.6% in the fourth quarter. Northern Trust Corp now owns 15,413 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 7,881 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Kenon by 30.5% in the fourth quarter. JPMorgan Chase & Co. now owns 53,116 shares of the utilities provider’s stock worth $1,806,000 after purchasing an additional 12,415 shares during the last quarter. Hedge funds and other institutional investors own 13.38% of the company’s stock.

Kenon Stock Up 0.6%

NYSE KEN opened at $33.34 on Friday. The business’s 50-day moving average is $31.51 and its 200 day moving average is $31.11. 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 stock has a market capitalization of $1.74 billion, a PE ratio of 10.42 and a beta of 1.08. Kenon Holdings Ltd. has a 1 year low of $23.31 and a 1 year high of $35.49.

Kenon Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, April 21st. Shareholders of record on Monday, April 14th were given a dividend of $4.80 per share. This represents a yield of 15.6%. This is a boost from Kenon’s previous annual dividend of $1.21. The ex-dividend date of this dividend was Monday, April 14th. Kenon’s payout ratio is presently 150.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Kenon from a “hold” rating to a “sell” rating in a research note on Thursday.

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.