Clal Insurance Enterprises Holdings Ltd Has $175.61 Million Stock Holdings in Ormat Technologies, Inc. (NYSE:ORA)

Clal Insurance Enterprises Holdings Ltd reduced its holdings in shares of Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,282,199 shares of the energy company's stock after selling 9,315 shares during the period. Ormat Technologies makes up 1.6% of Clal Insurance Enterprises Holdings Ltd's investment portfolio, making the stock its 20th largest holding. Clal Insurance Enterprises Holdings Ltd owned about 3.78% of Ormat Technologies worth $175,605,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Ormat Technologies by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 356 shares of the energy company's stock worth $26,000 after acquiring an additional 229 shares during the period. UMB Bank n.a. grew its holdings in Ormat Technologies by 107.7% during the third quarter. UMB Bank n.a. now owns 617 shares of the energy company's stock worth $47,000 after acquiring an additional 320 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Ormat Technologies during the 1st quarter worth $50,000. GAMMA Investing LLC lifted its stake in shares of Ormat Technologies by 115.3% in the second quarter. GAMMA Investing LLC now owns 730 shares of the energy company's stock valued at $52,000 after purchasing an additional 391 shares during the period. Finally, DMC Group LLC purchased a new stake in Ormat Technologies during the third quarter worth about $204,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Byron G. Wong sold 1,266 shares of the company's stock in a transaction on Friday, September 20th. The stock was 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 owns 6,906 shares in the company, valued at $517,811.88. This represents a 15.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Ormat Technologies Stock Up 0.8 %

Shares of NYSE ORA traded up $0.66 during midday trading on Friday, reaching $80.74. 513,467 shares of the company's stock were exchanged, compared to its average volume of 456,828. The stock has a market capitalization of $4.88 billion, a PE ratio of 41.19, a price-to-earnings-growth ratio of 4.14 and a beta of 0.53. Ormat Technologies, Inc. has a 52-week low of $59.41 and a 52-week high of $84.30. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.95. The business's fifty day moving average price is $78.16 and its two-hundred day moving average price is $75.01.

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

Ormat Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, November 20th. Ormat Technologies's dividend payout ratio is presently 24.49%.

Analyst Upgrades and Downgrades

ORA has been the subject of a number of research reports. Oppenheimer lifted their price target 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. Roth Mkm reaffirmed a "buy" rating and set a $92.00 price objective (up from $87.00) on shares of Ormat Technologies in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.50.

About Ormat Technologies

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.