Kenon (NYSE:KEN) Sees Large Volume Increase

Shares of Kenon Holdings Ltd. (NYSE:KENGet Free Report) saw an uptick in trading volume on Monday . 49,314 shares changed hands during mid-day trading, an increase of 566% from the previous session’s volume of 7,404 shares.The stock last traded at $26.61 and had previously closed at $26.66.

Kenon Stock Performance

The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average is $25.12 and its 200-day moving average is $23.43.

Kenon Increases Dividend

The business also recently announced a — dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 8th will be paid a $3.80 dividend. This represents a dividend yield of 10.5%. The ex-dividend date of this dividend is Friday, April 5th. This is a positive change from Kenon’s previous — dividend of $2.79. Kenon’s dividend payout ratio is -63.12%.

Institutional Trading of Kenon

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Kenon by 353.1% in the 1st quarter. JPMorgan Chase & Co. now owns 84,412 shares of the utilities provider’s stock worth $5,733,000 after acquiring an additional 65,783 shares in the last quarter. Raymond James & Associates lifted its stake in Kenon by 16.0% during the first quarter. Raymond James & Associates now owns 7,260 shares of the utilities provider’s stock worth $493,000 after purchasing an additional 1,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Kenon in the first quarter worth $807,000. Citigroup Inc. increased its stake in Kenon by 29.0% during the first quarter. Citigroup Inc. now owns 3,691 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 829 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Kenon during the first quarter worth $241,000. 13.38% of the stock is owned by institutional investors.

Kenon Company Profile

(Get 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.

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