Altshuler Shaham Ltd Has $84.61 Million Stock Position in Kenon Holdings Ltd. (NYSE:KEN)

Altshuler Shaham Ltd lowered its stake in shares of Kenon Holdings Ltd. (NYSE:KEN) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,475,486 shares of the utilities provider’s stock after selling 56,903 shares during the period. Kenon makes up 4.6% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 9th biggest holding. Altshuler Shaham Ltd owned about 6.45% of Kenon worth $84,611,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KEN. Citigroup Inc. lifted its position in Kenon by 14.9% during the 3rd quarter. Citigroup Inc. now owns 93,510 shares of the utilities provider’s stock worth $2,123,000 after buying an additional 12,153 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Kenon by 143.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 107,404 shares of the utilities provider’s stock worth $2,483,000 after buying an additional 63,374 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Kenon by 1.2% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,296,068 shares of the utilities provider’s stock valued at $52,838,000 after acquiring an additional 27,294 shares during the last quarter. 13.38% of the stock is currently owned by institutional investors.

Kenon Stock Up 2.8 %

KEN stock traded up $0.65 during midday trading on Thursday, reaching $23.59. 17,803 shares of the company’s stock traded hands, compared to its average volume of 21,396. Kenon Holdings Ltd. has a 52 week low of $17.64 and a 52 week high of $30.65. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -5.19 and a beta of 1.45. The firm’s fifty day moving average price is $23.74 and its 200-day moving average price is $23.37. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 0.66.

Kenon (NYSE:KEN) last released its quarterly earnings results on Tuesday, March 26th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter. Kenon had a negative return on equity of 10.82% and a negative net margin of 34.10%. The business had revenue of $151.00 million during the quarter.

Kenon Increases Dividend

The business also recently declared a — dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 8th were given a $3.80 dividend. The ex-dividend date was Friday, April 5th. This is a boost from Kenon’s previous — dividend of $2.79. This represents a dividend yield of 10.5%. Kenon’s payout ratio is -85.97%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Kenon from a “sell” rating to a “hold” rating in a research report on Tuesday.

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.