DMC Group LLC Makes New $204,000 Investment in Ormat Technologies, Inc. (NYSE:ORA)

DMC Group LLC bought a new position in shares of Ormat Technologies, Inc. (NYSE:ORA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,649 shares of the energy company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd lifted its position in shares of Ormat Technologies by 1,011.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 493,619 shares of the energy company’s stock worth $34,943,000 after purchasing an additional 449,209 shares during the period. Swedbank AB purchased a new stake in Ormat Technologies during the first quarter worth $7,907,000. Dimensional Fund Advisors LP boosted its position in Ormat Technologies by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,450,797 shares of the energy company’s stock valued at $104,030,000 after acquiring an additional 86,291 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Ormat Technologies by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 5,388,571 shares of the energy company’s stock valued at $356,670,000 after acquiring an additional 63,943 shares during the period. 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 valued at $11,575,000 after acquiring an additional 44,451 shares during the period. Institutional investors own 95.49% of the company’s stock.

Insider Activity at Ormat Technologies

In other Ormat Technologies news, Director Byron G. Wong sold 1,266 shares of Ormat Technologies stock in a transaction dated 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 sale, the director now owns 6,906 shares of the company’s stock, valued at approximately $517,811.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Byron G. Wong sold 1,266 shares of the stock in a transaction that occurred 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 transaction, the director now owns 6,906 shares in the company, valued at approximately $517,811.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dafna Sharir sold 433 shares of the firm’s stock in a transaction that occurred 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 directly owns 3,561 shares of the company’s stock, valued at $266,754.51. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.46% of the stock is owned by insiders.

Ormat Technologies Trading Up 1.3 %

Ormat Technologies stock opened at $78.31 on Friday. Ormat Technologies, Inc. has a one year low of $58.73 and a one year high of $78.89. The stock has a market cap of $4.73 billion, a PE ratio of 35.76, a price-to-earnings-growth ratio of 3.97 and a beta of 0.53. 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 stock has a 50-day moving average of $74.90 and a two-hundred day moving average of $72.35.

Ormat Technologies (NYSE:ORA) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $212.96 million during the quarter, compared to analyst estimates of $214.07 million. Ormat Technologies had a net margin of 14.89% and a return on equity of 5.40%. Ormat Technologies’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. On average, research analysts anticipate that Ormat Technologies, Inc. will post 1.94 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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Tuesday, August 20th. Ormat Technologies’s dividend payout ratio (DPR) is presently 21.92%.

Analyst Upgrades and Downgrades

ORA has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on Ormat Technologies from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Roth Mkm restated a “buy” rating and issued a $80.00 price target on shares of Ormat Technologies in a report on Monday, August 12th. Finally, Oppenheimer lifted their price objective on shares of Ormat Technologies from $85.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” 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.