BNP Paribas Arbitrage SA lowered its stake in shares of Ormat Technologies, Inc. (NYSE:ORA) by 15.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,511 shares of the energy company’s stock after selling 1,914 shares during the period. BNP Paribas Arbitrage SA’s holdings in Ormat Technologies were worth $642,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of ORA. Renaissance Technologies LLC lifted its stake in shares of Ormat Technologies by 17.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,085,257 shares of the energy company’s stock worth $63,683,000 after purchasing an additional 164,100 shares during the period. Vanguard Group Inc. lifted its stake in shares of Ormat Technologies by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,366,355 shares of the energy company’s stock worth $197,538,000 after purchasing an additional 142,724 shares during the period. AHL Partners LLP bought a new position in shares of Ormat Technologies in the 2nd quarter worth approximately $8,370,000. New Amsterdam Partners LLC NY purchased a new stake in Ormat Technologies in the 3rd quarter worth approximately $6,677,000. Finally, Dimensional Fund Advisors LP increased its holdings in Ormat Technologies by 6.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,526,801 shares of the energy company’s stock worth $89,594,000 after acquiring an additional 96,288 shares in the last quarter. Institutional investors and hedge funds own 46.34% of the company’s stock.
ORA has been the subject of several analyst reports. Zacks Investment Research lowered shares of Ormat Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Roth Capital set a $70.00 target price on shares of Ormat Technologies and gave the stock a “buy” rating in a report on Monday, November 13th. TheStreet raised shares of Ormat Technologies from a “c+” rating to a “b-” rating in a report on Monday, November 13th. Finally, Oppenheimer reissued a “buy” rating and issued a $70.00 target price (up from $65.00) on shares of Ormat Technologies in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $67.86.
Ormat Technologies (NYSE:ORA) last posted its earnings results on Tuesday, November 7th. The energy company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.06). Ormat Technologies had a net margin of 16.99% and a return on equity of 9.41%. The business had revenue of $157.20 million during the quarter, compared to analysts’ expectations of $159.02 million. During the same period last year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. research analysts anticipate that Ormat Technologies, Inc. will post 2.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 21st were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. Ormat Technologies’s dividend payout ratio is presently 13.73%.
Ormat Technologies Profile
Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.
Receive News & Ratings for Ormat Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ormat Technologies and related companies with MarketBeat.com's FREE daily email newsletter.