Blue Trust Inc. Purchases 229 Shares of Ormat Technologies, Inc. (NYSE:ORA)

Blue Trust Inc. grew its position in shares of Ormat Technologies, Inc. (NYSE:ORA) by 180.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 356 shares of the energy company’s stock after buying an additional 229 shares during the quarter. Blue Trust Inc.’s holdings in Ormat Technologies were worth $26,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ORA. Y.D. More Investments Ltd grew its stake in shares of Ormat Technologies by 1,011.5% during the second quarter. Y.D. More Investments Ltd now owns 493,619 shares of the energy company’s stock valued at $34,943,000 after purchasing an additional 449,209 shares during the last quarter. Swedbank AB bought a new stake in shares of Ormat Technologies during the first quarter valued at approximately $7,907,000. Dimensional Fund Advisors LP grew its stake in shares of Ormat Technologies by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,450,797 shares of the energy company’s stock valued at $104,030,000 after purchasing an additional 86,291 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Ormat Technologies by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,388,571 shares of the energy company’s stock valued at $356,670,000 after purchasing an additional 63,943 shares during the last quarter. Finally, Beck Bode LLC grew its stake in shares of Ormat Technologies by 34.1% during the first quarter. Beck Bode LLC now owns 174,882 shares of the energy company’s stock valued at $11,575,000 after purchasing an additional 44,451 shares during the last quarter. 95.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ormat Technologies news, Director Byron G. Wong sold 1,266 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of $74.98, for a total value of $94,924.68. Following the sale, the director now directly owns 6,906 shares in the company, valued at approximately $517,811.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Dafna Sharir sold 433 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $74.91, for a total transaction of $32,436.03. Following the sale, the director now directly owns 3,561 shares in the company, valued at $266,754.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Byron G. Wong sold 1,266 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $74.98, for a total transaction of $94,924.68. Following the sale, the director now owns 6,906 shares in the company, valued at approximately $517,811.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Ormat Technologies Trading Down 0.4 %

Shares of NYSE ORA opened at $78.71 on Friday. The company’s 50 day simple moving average is $76.16 and its 200 day simple moving average is $73.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.97 and a quick ratio of 0.89. The firm has a market capitalization of $4.76 billion, a P/E ratio of 35.94, a P/E/G ratio of 4.13 and a beta of 0.53. Ormat Technologies, Inc. has a fifty-two week low of $58.73 and a fifty-two week high of $82.39.

Ormat Technologies (NYSE:ORA) last posted its earnings results on Tuesday, August 6th. The energy company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $212.96 million for the quarter, compared to analyst estimates of $214.07 million. Ormat Technologies had a net margin of 14.89% and a return on equity of 5.40%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. On average, analysts predict that Ormat Technologies, Inc. will post 1.92 EPS for the current year.

Ormat Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a $0.12 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.48 annualized dividend and a yield of 0.61%. Ormat Technologies’s dividend payout ratio (DPR) is presently 21.92%.

Analyst Ratings Changes

Several research firms have recently commented on ORA. JPMorgan Chase & Co. increased their price target on shares of Ormat Technologies from $69.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Roth Mkm restated a “buy” rating and issued a $80.00 price objective on shares of Ormat Technologies in a report on Monday, August 12th. Finally, Oppenheimer increased their price objective on shares of Ormat Technologies from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Ormat Technologies has an average rating of “Moderate Buy” and an average target price of $81.67.

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.