Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Ormat Technologies, Inc. (NYSE:ORA) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,503 shares of the energy company’s stock after buying an additional 1,362 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Ormat Technologies were worth $8,009,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Creative Planning raised its stake in Ormat Technologies by 43.9% in the first quarter. Creative Planning now owns 1,874 shares of the energy company’s stock worth $107,000 after buying an additional 572 shares during the last quarter. US Bancorp DE raised its stake in Ormat Technologies by 33.6% in the first quarter. US Bancorp DE now owns 2,169 shares of the energy company’s stock worth $124,000 after buying an additional 545 shares during the last quarter. Sei Investments Co. raised its stake in Ormat Technologies by 2.2% in the second quarter. Sei Investments Co. now owns 2,266 shares of the energy company’s stock worth $133,000 after buying an additional 49 shares during the last quarter. SG Americas Securities LLC raised its stake in Ormat Technologies by 16.6% in the first quarter. SG Americas Securities LLC now owns 2,285 shares of the energy company’s stock worth $130,000 after buying an additional 326 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Ormat Technologies by 89.3% in the first quarter. Quantbot Technologies LP now owns 2,334 shares of the energy company’s stock worth $133,000 after buying an additional 1,101 shares during the last quarter. 45.91% of the stock is currently owned by institutional investors.

Shares of Ormat Technologies, Inc. (NYSE ORA) opened at 57.67 on Thursday. Ormat Technologies, Inc. has a 1-year low of $45.30 and a 1-year high of $61.49. The stock has a 50 day moving average of $58.43 and a 200-day moving average of $57.67. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 26.31 and a beta of 1.20.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The firm had revenue of $179.36 million for the quarter, compared to the consensus estimate of $169.80 million. Ormat Technologies had a net margin of 15.36% and a return on equity of 10.39%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. Analysts forecast that Ormat Technologies, Inc. will post $2.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, August 11th. Ormat Technologies’s dividend payout ratio is 14.61%.

COPYRIGHT VIOLATION WARNING: “Harel Insurance Investments & Financial Services Ltd. Raises Position in Ormat Technologies, Inc. (NYSE:ORA)” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.watchlistnews.com/harel-insurance-investments-financial-services-ltd-raises-position-in-ormat-technologies-inc-nyseora/1470363.html.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Ormat Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. Cowen and Company set a $67.00 target price on shares of Ormat Technologies and gave the stock a “buy” rating in a report on Monday, July 17th. J P Morgan Chase & Co raised shares of Ormat Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $65.00 to $71.00 in a report on Wednesday, June 7th. BidaskClub raised shares of Ormat Technologies from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Barclays PLC raised shares of Ormat Technologies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $54.00 to $59.00 in a report on Friday, May 26th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.38.

In other news, EVP Bob Sullivan sold 7,151 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $58.13, for a total value of $415,687.63. Following the transaction, the executive vice president now owns 7,151 shares in the company, valued at $415,687.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Etty Rosner sold 879 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $56.39, for a total transaction of $49,566.81. Following the completion of the transaction, the senior vice president now owns 879 shares in the company, valued at approximately $49,566.81. The disclosure for this sale can be found here. Insiders sold 11,090,533 shares of company stock worth $632,225,885 in the last 90 days. Company insiders own 22.97% of the company’s stock.

Ormat Technologies Company 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.

Want to see what other hedge funds are holding ORA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ormat Technologies, Inc. (NYSE:ORA).

Institutional Ownership by Quarter for Ormat Technologies (NYSE:ORA)

Receive News & Ratings for Ormat Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ormat Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.