Healthcare of Ontario Pension Plan Trust Fund Purchases 33,439 Shares of Ormat Technologies, Inc. (NYSE:ORA)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 23.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 178,217 shares of the energy company's stock after purchasing an additional 33,439 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.29% of Ormat Technologies worth $12,778,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH grew its position in Ormat Technologies by 164.2% during the fourth quarter. Allianz Asset Management GmbH now owns 30,136 shares of the energy company's stock valued at $2,284,000 after purchasing an additional 18,728 shares in the last quarter. Wellington Management Group LLP grew its stake in Ormat Technologies by 3.5% in the 4th quarter. Wellington Management Group LLP now owns 1,041,169 shares of the energy company's stock valued at $78,910,000 after buying an additional 35,665 shares during the last quarter. Vanguard Group Inc. raised its holdings in Ormat Technologies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 5,324,628 shares of the energy company's stock worth $403,554,000 after acquiring an additional 39,172 shares during the period. PNC Financial Services Group Inc. lifted its position in 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 worth $117,000 after acquiring an additional 514 shares during the last quarter. Finally, Bridge Creek Capital Management LLC boosted its holdings in Ormat Technologies by 2.8% during the first quarter. Bridge Creek Capital Management LLC now owns 36,831 shares of the energy company's stock valued at $2,438,000 after acquiring an additional 1,010 shares during the period. Institutional investors and hedge funds own 95.49% of the company's stock.

Ormat Technologies Stock Performance

Shares of NYSE:ORA traded up $0.26 during trading on Friday, hitting $75.78. 73,082 shares of the stock were exchanged, compared to its average volume of 439,758. The company's fifty day simple moving average is $74.56 and its 200-day simple moving average is $71.51. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 0.97. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 3.80 and a beta of 0.53. Ormat Technologies, Inc. has a 1-year low of $58.73 and a 1-year high of $78.51.

Ormat Technologies (NYSE:ORA - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. The company had revenue of $212.96 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. Sell-side analysts expect that Ormat Technologies, Inc. will post 2.04 EPS for the current fiscal 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 paid a $0.12 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.48 annualized dividend and a dividend yield of 0.63%. Ormat Technologies's dividend payout ratio is currently 21.62%.

Insider Transactions at Ormat Technologies

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on ORA. Oppenheimer lifted their price objective on Ormat Technologies from $85.00 to $86.00 and gave the stock an "outperform" rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their price objective on shares of Ormat Technologies from $69.00 to $75.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 16th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $80.00 target price on shares of Ormat Technologies in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $81.67.

Ormat Technologies 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.