Mizuho Markets Americas LLC Grows Stock Position in Ormat Technologies, Inc. (NYSE:ORA)

Mizuho Markets Americas LLC lifted its position in shares of Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,211 shares of the energy company's stock after acquiring an additional 8,317 shares during the period. Mizuho Markets Americas LLC owned approximately 0.25% of Ormat Technologies worth $11,634,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Ormat Technologies by 180.3% during the third quarter. Blue Trust Inc. now owns 356 shares of the energy company's stock valued at $26,000 after acquiring an additional 229 shares in the last quarter. UMB Bank n.a. grew its position in Ormat Technologies by 107.7% in the 3rd quarter. UMB Bank n.a. now owns 617 shares of the energy company's stock worth $47,000 after purchasing an additional 320 shares during the period. GAMMA Investing LLC grew its position in Ormat Technologies by 115.3% in the 2nd quarter. GAMMA Investing LLC now owns 730 shares of the energy company's stock worth $52,000 after purchasing an additional 391 shares during the period. EntryPoint Capital LLC bought a new stake in Ormat Technologies in the 1st quarter worth approximately $50,000. Finally, DMC Group LLC bought a new stake in shares of Ormat Technologies during the 3rd quarter valued at $204,000. Institutional investors own 95.49% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ORA shares. Roth Mkm reissued a "buy" rating and set a $92.00 price objective (up previously from $87.00) on shares of Ormat Technologies in a research report on Friday, November 8th. Oppenheimer boosted their price objective on shares of Ormat Technologies from $86.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $84.50.

Ormat Technologies Price Performance

ORA stock traded down $0.48 during trading on Friday, reaching $79.01. The company's stock had a trading volume of 299,348 shares, compared to its average volume of 438,706. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.73. The company's fifty day moving average is $77.65 and its 200-day moving average is $74.64. The company has a market capitalization of $4.78 billion, a P/E ratio of 40.31, a price-to-earnings-growth ratio of 4.10 and a beta of 0.53. Ormat Technologies, Inc. has a 1 year low of $59.41 and a 1 year high of $84.30.

Ormat Technologies (NYSE:ORA - Get Free Report) last issued its earnings results on Wednesday, November 6th. The energy company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.05. Ormat Technologies had a return on equity of 5.27% and a net margin of 13.33%. The company had revenue of $211.80 million for the quarter, compared to the consensus estimate of $215.53 million. During the same quarter last year, the company earned $0.47 EPS. The firm's quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts expect that Ormat Technologies, Inc. will post 1.93 earnings per share for the current fiscal year.

Ormat Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.61%. Ormat Technologies's dividend payout ratio is currently 24.49%.

Insiders Place Their Bets

In related news, Director Dafna Sharir sold 433 shares of Ormat Technologies stock in a transaction dated 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 transaction, the director now owns 3,561 shares in the company, valued at approximately $266,754.51. This trade represents a 10.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Byron G. Wong sold 1,266 shares of the company's stock in a transaction that occurred 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 owns 6,906 shares in the company, valued at approximately $517,811.88. This trade represents a 15.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

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.