Altshuler Shaham Ltd Sells 816,385 Shares of Kenon Holdings Ltd. (NYSE:KEN)

Altshuler Shaham Ltd lowered its position in shares of Kenon Holdings Ltd. (NYSE:KEN - Free Report) by 40.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,203,628 shares of the utilities provider's stock after selling 816,385 shares during the quarter. Kenon accounts for about 1.4% of Altshuler Shaham Ltd's holdings, making the stock its 14th largest position. Altshuler Shaham Ltd owned approximately 2.23% of Kenon worth $40,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Kenon by 4,233.3% during 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 last quarter. Anfield Capital Management LLC increased its holdings in shares of Kenon by 100.0% during the fourth quarter. Anfield Capital Management LLC now owns 9,338 shares of the utilities provider's stock worth $317,000 after buying an additional 4,669 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Kenon during the third quarter worth $365,000. Norges Bank acquired a new stake in Kenon during the 4th quarter worth $458,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Kenon during the 4th quarter valued at about $746,000. 13.38% of the stock is currently owned by hedge funds and other institutional investors.

Kenon Stock Up 4.5 %

Shares of NYSE:KEN traded up $1.28 during trading on Tuesday, hitting $29.58. 53,258 shares of the company were exchanged, compared to its average volume of 18,859. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average price of $31.93 and a two-hundred day moving average price of $30.64. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 9.24 and a beta of 1.31. Kenon Holdings Ltd. has a fifty-two week low of $21.28 and a fifty-two week high of $35.49.

Kenon Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, April 21st. Investors of record on Monday, April 14th were paid a $4.80 dividend. The ex-dividend date was Monday, April 14th. This represents a yield of 15.6%. This is a positive change from Kenon's previous annual dividend of $1.21. Kenon's dividend payout ratio is 150.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Kenon from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th.

Kenon Company 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.