Blue Trust Inc. Has $26,000 Position in Ormat Technologies, Inc. (NYSE:ORA)

Blue Trust Inc. raised its stake in shares of Ormat Technologies, Inc. (NYSE:ORA) by 180.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 356 shares of the energy company’s stock after buying an additional 229 shares during the period. Blue Trust Inc.’s holdings in Ormat Technologies were worth $26,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. raised its holdings in shares of Ormat Technologies by 107.7% during the 3rd quarter. UMB Bank n.a. now owns 617 shares of the energy company’s stock valued at $47,000 after purchasing an additional 320 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Ormat Technologies during the 1st quarter valued at $50,000. GAMMA Investing LLC raised its holdings in shares of Ormat Technologies by 115.3% during the 2nd quarter. GAMMA Investing LLC now owns 730 shares of the energy company’s stock valued at $52,000 after purchasing an additional 391 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Ormat Technologies by 50.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,540 shares of the energy company’s stock valued at $117,000 after purchasing an additional 514 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Ormat Technologies during the 1st quarter valued at $246,000. Institutional investors and hedge funds own 95.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Roth Mkm restated a “buy” rating and set a $80.00 price target on shares of Ormat Technologies in a report on Monday, August 12th. JPMorgan Chase & Co. lifted their target price on shares of Ormat Technologies from $69.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Finally, Oppenheimer lifted their target price on shares of Ormat Technologies from $85.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

Insider Activity

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

Ormat Technologies Stock Performance

Shares of ORA opened at $78.71 on Friday. The company has a market capitalization of $4.76 billion, a PE ratio of 35.94, a price-to-earnings-growth ratio of 4.13 and a beta of 0.53. Ormat Technologies, Inc. has a one year low of $58.73 and a one year high of $82.39. 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 company’s fifty day moving average price is $76.16 and its 200 day moving average price is $73.40.

Ormat Technologies (NYSE:ORA) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The business had revenue of $212.96 million during 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 firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, analysts expect that Ormat Technologies, Inc. will post 1.92 earnings per share for the current year.

Ormat Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Tuesday, August 20th. Ormat Technologies’s dividend payout ratio is currently 21.92%.

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.