Ormat Technologies, Inc. (NYSE:ORA) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Ormat Technologies, Inc. (NYSE:ORA) by 15.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 144,778 shares of the energy company’s stock after acquiring an additional 19,797 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Ormat Technologies were worth $9,583,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ORA. Evexia Wealth LLC increased its position in Ormat Technologies by 2.7% during the fourth quarter. Evexia Wealth LLC now owns 6,096 shares of the energy company’s stock worth $462,000 after purchasing an additional 160 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Ormat Technologies by 0.3% in the first quarter. Retirement Systems of Alabama now owns 67,453 shares of the energy company’s stock valued at $4,465,000 after buying an additional 177 shares during the last quarter. Harrington Investments INC boosted its stake in Ormat Technologies by 3.2% during the 4th quarter. Harrington Investments INC now owns 6,510 shares of the energy company’s stock valued at $493,000 after purchasing an additional 200 shares during the period. New York State Teachers Retirement System boosted its position in shares of Ormat Technologies by 0.6% during the first quarter. New York State Teachers Retirement System now owns 31,880 shares of the energy company’s stock worth $2,110,000 after buying an additional 200 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Ormat Technologies by 5.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,014 shares of the energy company’s stock worth $380,000 after purchasing an additional 242 shares in the last quarter. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Ormat Technologies Trading Down 0.3 %

NYSE:ORA traded down $0.24 during trading hours on Thursday, hitting $76.40. The stock had a trading volume of 204,835 shares, compared to its average volume of 476,394. The business’s 50 day moving average is $73.39 and its 200-day moving average is $68.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.02 and a current ratio of 1.12. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 34.52, a P/E/G ratio of 3.81 and a beta of 0.51. Ormat Technologies, Inc. has a one year low of $58.73 and a one year high of $84.19.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings data on Wednesday, May 8th. The energy company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.03). Ormat Technologies had a net margin of 15.43% and a return on equity of 5.45%. The business had revenue of $224.17 million during the quarter, compared to analyst estimates of $224.38 million. Sell-side analysts anticipate that Ormat Technologies, Inc. will post 2 EPS for the current fiscal year.

Ormat Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.63%. Ormat Technologies’s dividend payout ratio (DPR) is presently 21.62%.

Insider Transactions at Ormat Technologies

In related news, Director David Granot sold 686 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $73.46, for a total transaction of $50,393.56. Following the completion of the sale, the director now owns 4,832 shares of the company’s stock, valued at $354,958.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ORA shares. UBS Group upped their price objective on Ormat Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. TD Cowen increased their price objective on Ormat Technologies from $70.00 to $76.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. Oppenheimer upped their target price on Ormat Technologies from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Barclays reduced their price objective on shares of Ormat Technologies from $75.00 to $73.00 and set an “equal weight” rating for the company in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. increased their price target on Ormat Technologies from $69.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $83.50.

About Ormat Technologies

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity.