Norges Bank Buys Shares of 13,711 Kenon Holdings Ltd. (NYSE:KEN)

Norges Bank acquired a new position in shares of Kenon Holdings Ltd. (NYSE:KEN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,711 shares of the utilities provider's stock, valued at approximately $458,000.

Several other large investors also recently made changes to their positions in KEN. BNP Paribas Financial Markets grew its stake in shares of Kenon by 13.4% in the third quarter. BNP Paribas Financial Markets now owns 7,600 shares of the utilities provider's stock valued at $212,000 after buying an additional 900 shares in the last quarter. Barclays PLC raised its stake 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 valued at $127,000 after purchasing an additional 4,445 shares during the period. CWA Asset Management Group LLC lifted its position in shares of Kenon by 25.7% during the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider's stock worth $771,000 after purchasing an additional 4,632 shares in the last quarter. Anfield Capital Management LLC boosted 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 valued at $317,000 after purchasing an additional 4,669 shares during the period. Finally, Y.D. More Investments Ltd increased its stake in Kenon by 2.8% during the 4th quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider's stock worth $6,885,000 after buying an additional 5,705 shares during the period. Institutional investors and hedge funds own 13.38% of the company's stock.

Kenon Stock Up 2.9 %

Shares of Kenon stock traded up $0.82 on Thursday, hitting $28.50. 5,816 shares of the company's stock traded hands, compared to its average volume of 13,531. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 0.64. The firm's 50-day moving average is $32.13 and its 200 day moving average is $30.57. The stock has a market cap of $1.49 billion, a P/E ratio of 8.90 and a beta of 1.31. Kenon Holdings Ltd. has a 52-week low of $20.72 and a 52-week high of $35.49.

Kenon Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be given a $4.80 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a dividend yield of 15.6%. This is an increase from Kenon's previous annual dividend of $1.21. Kenon's payout ratio is presently 150.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Kenon from a "sell" rating to a "hold" rating in a research note on Tuesday.

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.