5,000 Shares in Ormat Technologies, Inc. (NYSE:ORA) Bought by Maven Securities LTD

Maven Securities LTD acquired a new stake in Ormat Technologies, Inc. (NYSE:ORA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,000 shares of the energy company’s stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in Ormat Technologies by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 8,026 shares of the energy company’s stock worth $544,000 after purchasing an additional 160 shares during the period. Bailard Inc. raised its stake in shares of Ormat Technologies by 0.9% during the 4th quarter. Bailard Inc. now owns 19,446 shares of the energy company’s stock worth $1,317,000 after buying an additional 169 shares during the period. Securian Asset Management Inc. lifted its position in shares of Ormat Technologies by 5.1% during the 4th quarter. Securian Asset Management Inc. now owns 4,354 shares of the energy company’s stock valued at $295,000 after buying an additional 212 shares in the last quarter. Caprock Group LLC lifted its position in shares of Ormat Technologies by 4.0% during the 4th quarter. Caprock Group LLC now owns 6,080 shares of the energy company’s stock valued at $412,000 after buying an additional 235 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Ormat Technologies by 1.8% in the 4th quarter. Victory Capital Management Inc. now owns 18,896 shares of the energy company’s stock valued at $1,280,000 after acquiring an additional 336 shares during the period. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ORA. Baird R W upgraded shares of Ormat Technologies to a “hold” rating in a research report on Thursday, March 13th. Jefferies Financial Group upped their price target on shares of Ormat Technologies from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. raised their price target on shares of Ormat Technologies from $71.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Robert W. Baird started coverage on Ormat Technologies in a research note on Thursday, March 13th. They set a “neutral” rating and a $81.00 price objective for the company. Finally, Barclays increased their target price on Ormat Technologies from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $85.38.

Insider Transactions at Ormat Technologies

In other Ormat Technologies news, Director David Granot sold 1,666 shares of Ormat Technologies stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $69.00, for a total value of $114,954.00. Following the sale, the director now owns 1,910 shares in the company, valued at $131,790. The trade was a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jessica Woelfel sold 409 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $72.15, for a total value of $29,509.35. Following the transaction, the insider now owns 6,094 shares of the company’s stock, valued at approximately $439,682.10. This represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,242 shares of company stock worth $156,427 in the last 90 days. Insiders own 0.56% of the company’s stock.

Ormat Technologies Price Performance

ORA stock opened at $73.30 on Wednesday. Ormat Technologies, Inc. has a 1 year low of $61.58 and a 1 year high of $84.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.95 and a quick ratio of 0.87. The firm has a market capitalization of $4.44 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 3.18 and a beta of 0.65. The business has a 50 day simple moving average of $71.27 and a 200-day simple moving average of $71.62.

Ormat Technologies (NYSE:ORA) last issued its earnings results on Wednesday, May 7th. The energy company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. Ormat Technologies had a return on equity of 5.27% and a net margin of 13.33%. The business had revenue of $229.76 million during the quarter, compared to the consensus estimate of $228.33 million. During the same period last year, the company earned $0.64 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts anticipate that Ormat Technologies, Inc. will post 1.94 earnings per share for the current fiscal year.

Ormat Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $0.48 annualized dividend and a dividend yield of 0.65%. Ormat Technologies’s dividend payout ratio (DPR) is 23.30%.

Ormat Technologies Company Profile

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.