1 week Ago By Defense World Staff
Norges Bank acquired a new position in shares of Kenon Holdings Ltd. (NYSE:KEN – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,711 shares of the utilities provider’s stock, valued at approximately $458,000.
Other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its position 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 purchasing an additional 4,445 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Kenon by 13.4% in the 3rd quarter.
BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider’s stock worth $212,000 after buying an additional 900 shares in the last quarter. Anfield Capital Management LLC boosted its stake in shares of Kenon by 100.0% during the 4th quarter.
Anfield Capital Management LLC now owns 9,338 shares of the utilities provider’s stock valued at $317,000 after buying an additional 4,669 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Kenon during the 3rd quarter valued at $365,000. Finally, Redhawk Wealth Advisors Inc.
purchased a new position in shares of Kenon during the 4th quarter valued at $746,000. 13.38% of the stock is currently owned by institutional investors and hedge funds.
Kenon Stock Up 4.7 %KEN opened at $34.91 on Friday.
The company has a market capitalization of $1.82 billion, a PE ratio of 10.91 and a beta of 1.
31. The business has a 50-day moving average of $32.35 and a 200-day moving average of $30.
58. Kenon Holdings Ltd. has a fifty-two week low of $19.
63 and a fifty-two week high of $35.49. The company has a debt-to-equity ratio of 0.
64, a current ratio of 3.78 and a quick ratio of 3.78.
Kenon Increases DividendThe firm also recently announced an annual dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, April 14th will be paid a $4.80 dividend.
The ex-dividend date of this dividend is Monday, April 14th. This is a boost from Kenon’s previous annual dividend of $1.21.
This represents a yield of 15.6%. Kenon’s payout ratio is 150.
00%. Analyst Upgrades and DowngradesSeparately, StockNews.com lowered Kenon from a “hold” rating to a “sell” rating in a report on Friday, April 4th.
View Our Latest Research Report on KENKenon Profile (Free Report)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.Recommended StoriesFive stocks we like better than KenonStock Sentiment Analysis: How it WorksRobinhood Strategies Could Be a Game-Changer for Young InvestorsNatural Gas Prices Continue To Rally, These Stocks Should BenefitAre These 3 Retail Stocks Oversold or Really in Trouble?Stock Market Upgrades: What Are They?IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
