13,711 Shares in Kenon Holdings Ltd. (NYSE:KEN) Acquired by Norges Bank

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

A number of other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in Kenon by 13.4% during 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 during the last quarter. Barclays PLC raised its holdings in 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 buying an additional 4,445 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Kenon by 25.7% in the fourth quarter. CWA Asset Management Group LLC now owns 22,666 shares of the utilities provider's stock worth $771,000 after buying an additional 4,632 shares in the last quarter. Anfield Capital Management LLC grew 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 valued at $317,000 after buying an additional 4,669 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its position in shares of Kenon by 2.8% during the fourth quarter. Y.D. More Investments Ltd now owns 206,333 shares of the utilities provider's stock valued at $6,885,000 after acquiring an additional 5,705 shares in the last quarter. Institutional investors own 13.38% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Kenon from a "hold" rating to a "sell" rating in a research report on Friday, April 4th.

Kenon Stock Performance

Shares of Kenon stock traded down $0.68 on Tuesday, hitting $27.68. 57,370 shares of the company's stock were exchanged, compared to its average volume of 13,743. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.78 and a current ratio of 3.78. The stock has a market capitalization of $1.44 billion, a PE ratio of 8.65 and a beta of 1.31. Kenon Holdings Ltd. has a 1 year low of $19.63 and a 1 year high of $35.49. The company has a 50-day simple moving average of $32.29 and a 200-day simple moving average of $30.61.

Kenon Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, April 14th will be paid a $4.80 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is 150.00%.

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.