Ormat Technologies, Inc. (NYSE:ORA) Shares Bought by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. increased its position in Ormat Technologies, Inc. (NYSE:ORA) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,000 shares of the energy company’s stock after purchasing an additional 4,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Ormat Technologies were worth $3,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ORA. Blue Trust Inc. boosted its holdings in shares of Ormat Technologies by 180.3% in the third quarter. Blue Trust Inc. now owns 356 shares of the energy company’s stock worth $26,000 after buying an additional 229 shares during the period. UMB Bank n.a. raised its position 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. EntryPoint Capital LLC bought a new position in Ormat Technologies during the first quarter valued at approximately $50,000. GAMMA Investing LLC raised its position in Ormat Technologies by 115.3% during the second quarter. GAMMA Investing LLC now owns 730 shares of the energy company’s stock valued at $52,000 after acquiring an additional 391 shares in the last quarter. Finally, DMC Group LLC bought a new position in shares of Ormat Technologies in the third quarter valued at approximately $204,000. 95.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. 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 report on Friday, November 8th. Roth Mkm reissued a “buy” rating and set a $92.00 price target (up from $87.00) on shares of Ormat Technologies in a report on Friday, November 8th. Three investment 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $84.50.

Ormat Technologies Price Performance

Ormat Technologies stock traded up $0.38 during mid-day trading on Thursday, hitting $79.60. The stock had a trading volume of 140,155 shares, compared to its average volume of 438,141. The firm has a market capitalization of $4.81 billion, a P/E ratio of 40.42, a P/E/G ratio of 4.16 and a beta of 0.53. Ormat Technologies, Inc. has a one year low of $59.41 and a one year high of $84.30. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $77.40 and its 200 day moving average is $74.50.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings data 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. Ormat Technologies had a net margin of 13.33% and a return on equity of 5.27%. The company had revenue of $211.80 million for the quarter, compared to analyst estimates of $215.53 million. During the same period in the prior year, the company posted $0.47 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, sell-side analysts forecast that Ormat Technologies, Inc. will post 1.91 earnings per share for the current fiscal year.

Ormat Technologies Announces Dividend

The firm 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. This represents a $0.48 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, November 20th. Ormat Technologies’s dividend payout ratio is presently 24.49%.

Insiders Place Their Bets

In related news, Director Byron G. Wong sold 1,266 shares of Ormat Technologies 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 directly owns 6,906 shares in the company, valued at approximately $517,811.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Byron G. Wong sold 1,266 shares of Ormat Technologies stock in a transaction that occurred 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 sale, the director now directly owns 6,906 shares of the company’s stock, valued at $517,811.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dafna Sharir sold 433 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 3,561 shares in the company, valued at $266,754.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.