2 hours Ago By ABMN Staff
Swedbank AB decreased its position in Ormat Technologies, Inc. ( NYSE:ORA – Free Report ) by 17.6% during the 3rd quarter, Holdings Channel.
com reports. The firm owned 87,521 shares of the energy company’s stock after selling 18,676 shares during the period. Swedbank AB’s holdings in Ormat Technologies were worth $6,734,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Wesbanco Bank Inc. purchased a new stake in Ormat Technologies during the 3rd quarter worth about $1,731,000.
Inspire Investing LLC boosted its position in shares of Ormat Technologies by 8.5% in the third quarter. Inspire Investing LLC now owns 5,328 shares of the energy company’s stock valued at $410,000 after acquiring an additional 419 shares during the period.
Evexia Wealth LLC boosted its position in shares of Ormat Technologies by 25.8% in the third quarter. Evexia Wealth LLC now owns 9,629 shares of the energy company’s stock valued at $731,000 after acquiring an additional 1,974 shares during the period.
UMB Bank n.a. grew its stake in Ormat Technologies by 107.
7% during the third quarter. UMB Bank n.a.
now owns 617 shares of the energy company’s stock valued at $47,000 after acquiring an additional 320 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Ormat Technologies by 44.0% during the 3rd quarter.
GAMMA Investing LLC now owns 1,051 shares of the energy company’s stock worth $81,000 after acquiring an additional 321 shares during the period. Hedge funds and other institutional investors own 95.49% of the company’s stock.
Ormat Technologies Trading Up 1.3 % NYSE ORA opened at $78.31 on Friday.
The company has a quick ratio of 0.89, a current ratio of 0.97 and a debt-to-equity ratio of 0.
72. The stock’s 50-day simple moving average is $74.78 and its two-hundred day simple moving average is $72.
26. Ormat Technologies, Inc. has a twelve month low of $58.
73 and a twelve month high of $78.89. The company has a market capitalization of $4.
73 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 3.97 and a beta of 0.
53. Ormat Technologies Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a $0.
12 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.
48 dividend on an annualized basis and a dividend yield of 0.61%. Ormat Technologies’s dividend payout ratio (DPR) is 21.
92%. Insider Buying and Selling In other Ormat Technologies news, 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 $266,754.
51. This represents a 0.00 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . In other Ormat Technologies news, Director Dafna Sharir sold 433 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $74.
91, for a total value of $32,436.03. Following the completion of the sale, the director now owns 3,561 shares in the company, valued at approximately $266,754.
51. The trade was a 0.00 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, Director Byron G. Wong sold 1,266 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 6,906 shares in the company, valued at $517,811.88. This represents a 0.
00 % decrease in their position. The disclosure for this sale can be found here . 0.
46% of the stock is owned by corporate insiders. Wall Street Analysts Forecast Growth Several research analysts have recently weighed in on the stock. Oppenheimer upped their price target 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. Roth Mkm restated a “buy” rating and issued a $80.
00 target price on shares of Ormat Technologies in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. lifted their price target on Ormat Technologies from $69.
00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company.
Based on data from MarketBeat, Ormat Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.67. View Our Latest Analysis on Ormat Technologies Ormat Technologies Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding ORA? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Ormat Technologies, Inc. ( NYSE:ORA – Free Report ). Receive News & Ratings for Ormat Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ormat Technologies and related companies with MarketBeat.
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