Wesbanco Bank Inc. Sells 11,200 Shares of Ormat Technologies, Inc. $ORA

Wesbanco Bank Inc. trimmed its holdings in shares of Ormat Technologies, Inc. (NYSE:ORA) by 39.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,200 shares of the energy company’s stock after selling 11,200 shares during the period. Wesbanco Bank Inc.’s holdings in Ormat Technologies were worth $1,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC raised its stake in shares of Ormat Technologies by 13.0% during the fourth quarter. Signaturefd LLC now owns 746 shares of the energy company’s stock worth $82,000 after buying an additional 86 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Ormat Technologies by 43.8% during the third quarter. Jones Financial Companies Lllp now owns 371 shares of the energy company’s stock worth $35,000 after buying an additional 113 shares during the last quarter. CWM LLC raised its stake in shares of Ormat Technologies by 14.2% during the fourth quarter. CWM LLC now owns 1,254 shares of the energy company’s stock worth $139,000 after buying an additional 156 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Ormat Technologies by 4.3% during the third quarter. Crossmark Global Holdings Inc. now owns 3,803 shares of the energy company’s stock worth $366,000 after buying an additional 158 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Ormat Technologies by 4.7% during the third quarter. Mackenzie Financial Corp now owns 3,862 shares of the energy company’s stock worth $372,000 after buying an additional 175 shares during the last quarter. 95.49% of the stock is owned by institutional investors.

Ormat Technologies Stock Down 0.7%

Shares of NYSE ORA opened at $121.70 on Friday. The stock has a market cap of $7.48 billion, a P/E ratio of 59.08, a P/E/G ratio of 5.33 and a beta of 0.80. The firm has a 50 day moving average price of $111.26 and a 200 day moving average price of $113.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.75 and a current ratio of 1.07. Ormat Technologies, Inc. has a 52-week low of $70.42 and a 52-week high of $132.58.

Ormat Technologies (NYSE:ORA) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.38. The firm had revenue of $403.91 million during the quarter, compared to analysts’ expectations of $349.17 million. Ormat Technologies had a net margin of 10.97% and a return on equity of 6.61%. The business’s revenue for the quarter was up 75.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. Analysts expect that Ormat Technologies, Inc. will post 2.28 EPS for the current year.

Ormat Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.4%. Ormat Technologies’s payout ratio is currently 23.30%.

Ormat Technologies News Summary

Here are the key news stories impacting Ormat Technologies this week:

• Positive Sentiment: Ormat posted Q1 adjusted EPS of $1.30, well above the $0.92 consensus estimate, while revenue climbed 75.8% year over year to $403.9 million. The beat was driven by stronger performance in energy storage and products, plus supportive merchant pricing. Article Title
• Positive Sentiment: Adjusted EBITDA rose 29.7% year over year to $194.9 million, reinforcing the view that profitability improved meaningfully in the quarter. Article Title
• Positive Sentiment: JPMorgan raised its price target on ORA to $123 from $106, signaling increased confidence in the stock’s near-term valuation even while keeping a neutral rating. Article Title
• Neutral Sentiment: The company also declared a quarterly dividend of $0.12 per share, which supports the investment case but is not a major catalyst by itself.
• Negative Sentiment: Despite the strong quarter, insider trading and some institutional filings show more selling than buying over the past six months, which may temper enthusiasm around the stock’s longer-term ownership trend. Article Title

Insider Transactions at Ormat Technologies

In related news, insider Jessica Woelfel sold 2,359 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $105.16, for a total transaction of $248,072.44. Following the completion of the transaction, the insider owned 3,433 shares in the company, valued at approximately $361,014.28. The trade was a 40.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 3,364 shares of company stock worth $353,621 in the last ninety days. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ORA has been the subject of a number of recent research reports. Jefferies Financial Group downgraded shares of Ormat Technologies from a “buy” rating to a “hold” rating and boosted their price target for the stock from $125.00 to $130.00 in a research note on Friday, February 13th. Royal Bank Of Canada initiated coverage on shares of Ormat Technologies in a research note on Tuesday, March 3rd. They set an “outperform” rating and a $130.00 price target for the company. TD Cowen dropped their price target on shares of Ormat Technologies from $131.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Citigroup boosted their price target on shares of Ormat Technologies from $110.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Finally, UBS Group boosted their price target on shares of Ormat Technologies from $143.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Ormat Technologies currently has an average rating of “Moderate Buy” and an average target price of $132.00.

Ormat Technologies Company Profile

Ormat Technologies, Inc is a leading renewable energy company specializing in geothermal and recovered energy power plants. Through its vertically integrated business model, Ormat designs, develops, engineers, constructs, owns and operates clean energy projects worldwide. The company’s core technology centers on the Organic Rankine Cycle (ORC), which converts heat from geothermal sources or industrial waste streams into sustainable electricity without combustion.

Ormat’s offering includes turnkey power plant solutions, proprietary ORC equipment and ongoing operations and maintenance services.