Altshuler Shaham Ltd Sells 33,810 Shares of Kenon Holdings Ltd. $KEN

Altshuler Shaham Ltd decreased its position in Kenon Holdings Ltd. (NYSE:KEN) by 15.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 180,364 shares of the utilities provider’s stock after selling 33,810 shares during the period. Altshuler Shaham Ltd owned about 0.35% of Kenon worth $11,873,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in Kenon by 4.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,647 shares of the utilities provider’s stock valued at $507,000 after acquiring an additional 350 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kenon by 24.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,126 shares of the utilities provider’s stock worth $206,000 after purchasing an additional 610 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Kenon in the 2nd quarter worth about $32,000. BNP Paribas Financial Markets raised its position in Kenon by 9.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,000 shares of the utilities provider’s stock worth $452,000 after buying an additional 900 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Kenon by 12.2% in the 2nd quarter. Jane Street Group LLC now owns 9,041 shares of the utilities provider’s stock worth $373,000 after buying an additional 984 shares during the last quarter. Institutional investors own 13.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Kenon from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Kenon Trading Down 4.6%

Shares of NYSE:KEN opened at $66.50 on Thursday. The stock has a 50 day moving average of $83.92 and a 200 day moving average of $77.17. The company has a market cap of $3.47 billion, a PE ratio of 63.94 and a beta of 1.06. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 0.64. Kenon Holdings Ltd. has a 12-month low of $36.53 and a 12-month high of $95.93.

Kenon (NYSE:KEN) last announced its quarterly earnings data on Monday, June 1st. The utilities provider reported $0.49 earnings per share (EPS) for the quarter. The company had revenue of $317.00 million during the quarter. Kenon had a return on equity of 3.47% and a net margin of 7.98%.

Kenon Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, April 20th. Investors of record on Monday, April 13th were paid a dividend of $3.85 per share. The ex-dividend date was Monday, April 13th. This represents a dividend yield of 476.0%. Kenon’s payout ratio is 370.19%.

Kenon Profile

Kenon Holdings Ltd. (NYSE: KEN) is a global investment holding company incorporated in Jersey, Channel Islands, with listings on the New York Stock Exchange and the Tel Aviv Stock Exchange. The company focuses on infrastructure and energy-related businesses, seeking to generate long-term value through stable cash flows and strategic growth. Kenon’s diversified portfolio spans power generation assets, midstream energy infrastructure and related services across multiple regions.

One of Kenon’s principal assets is QPI Ltd., an energy company based in Israel that owns and operates a combined-cycle, gas-fired power plant and an adjacent liquefied natural gas (LNG) import and regasification terminal at the Port of Ashdod.