Mizuho Markets Americas LLC Buys 8,317 Shares of Ormat Technologies, Inc. (NYSE:ORA)

Mizuho Markets Americas LLC lifted its position in Ormat Technologies, Inc. (NYSE:ORA) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,211 shares of the energy company’s stock after buying an additional 8,317 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Ormat Technologies were worth $11,634,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Y.D. More Investments Ltd grew its position in shares of Ormat Technologies by 1,011.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 493,619 shares of the energy company’s stock valued at $34,943,000 after purchasing an additional 449,209 shares in the last quarter. Swedbank AB purchased a new position in shares of Ormat Technologies during the first quarter worth about $7,907,000. Dimensional Fund Advisors LP raised its stake in Ormat Technologies by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,450,797 shares of the energy company’s stock valued at $104,030,000 after purchasing an additional 86,291 shares in the last quarter. Vanguard Group Inc. grew its stake in Ormat Technologies by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,388,571 shares of the energy company’s stock worth $356,670,000 after buying an additional 63,943 shares in the last quarter. Finally, Beck Bode LLC increased its holdings in shares of Ormat Technologies by 34.1% in the 1st quarter. Beck Bode LLC now owns 174,882 shares of the energy company’s stock worth $11,575,000 after buying an additional 44,451 shares during the last quarter. 95.49% of the stock is currently owned by institutional investors.

Insider Activity at Ormat Technologies

In other news, Director Byron G. Wong sold 1,266 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $74.98, for a total transaction of $94,924.68. Following the sale, the director now owns 6,906 shares in the company, valued at approximately $517,811.88. The trade was a 15.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dafna Sharir sold 433 shares of Ormat Technologies 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 transaction, the director now directly owns 3,561 shares of the company’s stock, valued at approximately $266,754.51. This trade represents a 10.84 % 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 company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ORA. Oppenheimer increased their price objective on 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 target price (up previously from $87.00) on shares of Ormat Technologies in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.50.

Ormat Technologies Trading Down 0.6 %

NYSE:ORA opened at $79.01 on Friday. The firm has a market capitalization of $4.78 billion, a P/E ratio of 40.31, a P/E/G ratio of 4.10 and a beta of 0.53. 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 has a fifty day moving average of $77.65 and a 200 day moving average of $74.64. Ormat Technologies, Inc. has a 52 week low of $59.41 and a 52 week high of $84.30.

Ormat Technologies (NYSE:ORA) last issued its quarterly earnings data on Wednesday, November 6th. The energy company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05. The firm 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 company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share. On average, research analysts predict that Ormat Technologies, Inc. will post 1.93 earnings per share for the current year.

Ormat Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.61%. Ormat Technologies’s dividend payout ratio is presently 24.49%.

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.