Trillium Asset Management LLC lifted its holdings in Ormat Technologies, Inc. (NYSE:ORA) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,903 shares of the energy company’s stock after buying an additional 3,321 shares during the quarter. Trillium Asset Management LLC owned approximately 0.33% of Ormat Technologies worth $10,189,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Ormat Technologies by 1.7% in the 2nd quarter. Royal Bank of Canada now owns 2,008 shares of the energy company’s stock worth $117,000 after buying an additional 34 shares during the period. Creative Planning grew its position in Ormat Technologies by 12.0% during the 2nd quarter. Creative Planning now owns 2,099 shares of the energy company’s stock valued at $123,000 after purchasing an additional 225 shares during the last quarter. Sei Investments Co. grew its position in Ormat Technologies by 2.2% during the 2nd quarter. Sei Investments Co. now owns 2,266 shares of the energy company’s stock valued at $133,000 after purchasing an additional 49 shares during the last quarter. SG Americas Securities LLC grew its position in Ormat Technologies by 16.6% during the 1st quarter. SG Americas Securities LLC now owns 2,285 shares of the energy company’s stock valued at $130,000 after purchasing an additional 326 shares during the last quarter. Finally, Advisor Group Inc. grew its position in Ormat Technologies by 153.2% during the 2nd quarter. Advisor Group Inc. now owns 2,302 shares of the energy company’s stock valued at $135,000 after purchasing an additional 1,393 shares during the last quarter. 46.56% of the stock is currently owned by hedge funds and other institutional investors.
ORA has been the topic of several recent analyst reports. Cowen and Company set a $67.00 price objective on shares of Ormat Technologies and gave the company a “buy” rating in a research report on Monday, July 17th. Zacks Investment Research raised shares of Ormat Technologies from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, August 8th. TheStreet downgraded shares of Ormat Technologies from a “b” rating to a “c+” rating in a research report on Monday, August 14th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $70.00 price objective (up from $65.00) on shares of Ormat Technologies in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $66.38.
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In other news, VP Erez Klein sold 24,576 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $59.03, for a total value of $1,450,721.28. Following the completion of the transaction, the vice president now owns 23,890 shares of the company’s stock, valued at approximately $1,410,226.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bob Sullivan sold 9,890 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $62.89, for a total transaction of $621,982.10. Following the completion of the transaction, the executive vice president now directly owns 9,890 shares of the company’s stock, valued at approximately $621,982.10. The disclosure for this sale can be found here. Insiders have sold a total of 84,359 shares of company stock valued at $5,013,332 in the last ninety days. Company insiders own 14.74% of the company’s stock.
Ormat Technologies, Inc. (NYSE:ORA) traded up $0.12 on Monday, reaching $64.88. 22,485 shares of the company’s stock traded hands, compared to its average volume of 134,530. The company has a quick ratio of 1.72, a current ratio of 1.81 and a debt-to-equity ratio of 0.69. Ormat Technologies, Inc. has a 1-year low of $45.30 and a 1-year high of $65.91. The company has a market cap of $3,232.19, a PE ratio of 26.98, a P/E/G ratio of 2.09 and a beta of 1.25.
Ormat Technologies (NYSE:ORA) last released its earnings results on Thursday, August 3rd. The energy company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. Ormat Technologies had a net margin of 15.36% and a return on equity of 10.25%. The firm had revenue of $179.36 million during the quarter, compared to analyst estimates of $169.80 million. During the same quarter in the previous year, the business earned $0.49 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. research analysts forecast that Ormat Technologies, Inc. will post 2.29 earnings per share for the current fiscal year.
About Ormat Technologies
Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.
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