Swiss National Bank Has $9.21 Million Stock Holdings in Ormat Technologies, Inc. $ORA

Swiss National Bank trimmed its position in shares of Ormat Technologies, Inc. (NYSE:ORA) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,934 shares of the energy company’s stock after selling 1,400 shares during the period. Swiss National Bank owned about 0.18% of Ormat Technologies worth $9,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ORA. CWM LLC boosted its holdings in Ormat Technologies by 294.2% in the first quarter. CWM LLC now owns 887 shares of the energy company’s stock worth $63,000 after purchasing an additional 662 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Ormat Technologies by 6.3% during the first quarter. Mackenzie Financial Corp now owns 3,687 shares of the energy company’s stock valued at $261,000 after buying an additional 220 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Ormat Technologies by 121.4% during the 1st quarter. XTX Topco Ltd now owns 12,258 shares of the energy company’s stock worth $867,000 after acquiring an additional 6,721 shares in the last quarter. US Bancorp DE boosted its stake in shares of Ormat Technologies by 12.3% during the 1st quarter. US Bancorp DE now owns 8,088 shares of the energy company’s stock worth $572,000 after acquiring an additional 889 shares in the last quarter. Finally, Empower Advisory Group LLC increased its holdings in shares of Ormat Technologies by 6.5% during the 1st quarter. Empower Advisory Group LLC now owns 215,327 shares of the energy company’s stock valued at $15,239,000 after acquiring an additional 13,061 shares during the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Ormat Technologies from $99.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Ormat Technologies in a research note on Wednesday, October 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $125.00 target price on shares of Ormat Technologies in a research note on Monday, November 24th. UBS Group lifted their target price on shares of Ormat Technologies from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Roth Capital restated a “buy” rating and set a $125.00 price target on shares of Ormat Technologies in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Ormat Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Insider Buying and Selling

In other news, Director Ravit Barniv sold 1,753 shares of Ormat Technologies stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $112.54, for a total transaction of $197,282.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dafna Sharir sold 981 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $96.70, for a total value of $94,862.70. Following the sale, the director owned 2,257 shares in the company, valued at approximately $218,251.90. This represents a 30.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 72,418 shares of company stock worth $7,580,300. 0.56% of the stock is currently owned by corporate insiders.

Ormat Technologies Price Performance

NYSE:ORA opened at $112.91 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.70 and a quick ratio of 0.64. Ormat Technologies, Inc. has a one year low of $61.58 and a one year high of $115.72. The company has a fifty day moving average price of $106.19 and a 200 day moving average price of $92.65. The stock has a market cap of $6.86 billion, a P/E ratio of 52.52, a PEG ratio of 4.84 and a beta of 0.77.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings data on Monday, November 3rd. The energy company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.04. The company had revenue of $249.73 million for the quarter, compared to the consensus estimate of $235.03 million. Ormat Technologies had a net margin of 14.49% and a return on equity of 5.47%. The business’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. Ormat Technologies has set its FY 2025 guidance at EPS. Analysts anticipate that Ormat Technologies, Inc. will post 1.94 earnings per share for the current year.

Ormat Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.48 annualized dividend and a yield of 0.4%. Ormat Technologies’s dividend payout ratio is 22.02%.

Ormat Technologies Company 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.