Evexia Wealth LLC Has $462,000 Stake in Ormat Technologies, Inc. (NYSE:ORA)

Evexia Wealth LLC increased its holdings in shares of Ormat Technologies, Inc. (NYSE:ORA) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,096 shares of the energy company’s stock after acquiring an additional 160 shares during the quarter. Evexia Wealth LLC’s holdings in Ormat Technologies were worth $462,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Guinness Asset Management LTD lifted its stake in shares of Ormat Technologies by 5.7% during the 3rd quarter. Guinness Asset Management LTD now owns 518,360 shares of the energy company’s stock worth $36,234,000 after buying an additional 28,058 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its position in Ormat Technologies by 1.2% during the third quarter. Guinness Atkinson Asset Management Inc now owns 15,944 shares of the energy company’s stock worth $1,115,000 after acquiring an additional 194 shares during the last quarter. LGT Capital Partners LTD. boosted its holdings in shares of Ormat Technologies by 26.6% during the fourth quarter. LGT Capital Partners LTD. now owns 524,710 shares of the energy company’s stock worth $39,768,000 after acquiring an additional 110,330 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Ormat Technologies by 25.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 864,232 shares of the energy company’s stock valued at $65,500,000 after purchasing an additional 172,934 shares during the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of Ormat Technologies during the fourth quarter worth approximately $1,516,000. Institutional investors own 95.49% of the company’s stock.

Insider Transactions at Ormat Technologies

In related news, Director Stanley Stern sold 1,825 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $66.95, for a total transaction of $122,183.75. Following the transaction, the director now directly owns 4,835 shares of the company’s stock, valued at approximately $323,703.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.46% of the company’s stock.

Ormat Technologies Trading Up 0.6 %

Shares of Ormat Technologies stock traded up $0.43 on Tuesday, hitting $68.07. 589,854 shares of the company’s stock traded hands, compared to its average volume of 475,514. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 3.16 and a beta of 0.48. The company has a fifty day moving average of $64.99 and a two-hundred day moving average of $66.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.20 and a quick ratio of 1.12. Ormat Technologies, Inc. has a one year low of $58.73 and a one year high of $88.26.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. Ormat Technologies had a return on equity of 5.09% and a net margin of 15.00%. The firm had revenue of $241.30 million for the quarter, compared to analysts’ expectations of $239.71 million. During the same period in the prior year, the business earned $0.73 EPS. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, sell-side analysts expect that Ormat Technologies, Inc. will post 2.14 earnings per share for the current year.

Ormat Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.48 annualized dividend and a dividend yield of 0.71%. Ormat Technologies’s dividend payout ratio is currently 22.97%.

Analysts Set New Price Targets

Several research firms have weighed in on ORA. Oppenheimer lowered their price objective on Ormat Technologies from $84.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Barclays cut their price objective on shares of Ormat Technologies from $82.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, February 5th. Finally, TD Cowen lowered their target price on shares of Ormat Technologies from $74.00 to $70.00 and set a “market perform” rating on the stock in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $81.00.

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.