Somerville Kurt F raised its holdings in Ormat Technologies, Inc. (NYSE:ORA) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,255 shares of the energy company’s stock after purchasing an additional 875 shares during the quarter. Somerville Kurt F’s holdings in Ormat Technologies were worth $840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the business. Great West Life Assurance Co. Can grew its stake in shares of Ormat Technologies by 5.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 4,956 shares of the energy company’s stock worth $249,000 after acquiring an additional 270 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ormat Technologies by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,534,566 shares of the energy company’s stock valued at $80,258,000 after buying an additional 13,767 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Ormat Technologies by 5.6% in the 4th quarter. Legal & General Group Plc now owns 15,422 shares of the energy company’s stock valued at $806,000 after buying an additional 820 shares during the last quarter. Norges Bank acquired a new stake in shares of Ormat Technologies in the 4th quarter valued at approximately $7,153,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Ormat Technologies by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 503,600 shares of the energy company’s stock valued at $26,338,000 after buying an additional 17,006 shares during the last quarter. Hedge funds and other institutional investors own 74.94% of the company’s stock.
Shares of NYSE ORA traded up $0.09 during trading hours on Friday, hitting $65.57. The company had a trading volume of 97,818 shares, compared to its average volume of 159,806. The stock has a market capitalization of $3.32 billion, a PE ratio of 31.52, a P/E/G ratio of 3.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 1.41. Ormat Technologies, Inc. has a 1-year low of $45.79 and a 1-year high of $67.08. The firm’s 50 day moving average price is $63.31.
Ormat Technologies (NYSE:ORA) last released its quarterly earnings data on Monday, May 6th. The energy company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $199.04 million during the quarter, compared to the consensus estimate of $183.62 million. Ormat Technologies had a return on equity of 5.86% and a net margin of 7.41%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. Equities research analysts expect that Ormat Technologies, Inc. will post 1.69 EPS for the current year.
In other news, VP Nir Wolf sold 3,600 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $61.80, for a total value of $222,480.00. Following the completion of the sale, the vice president now owns 1,800 shares of the company’s stock, valued at approximately $111,240. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Granot sold 7,500 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $61.69, for a total value of $462,675.00. Following the completion of the sale, the director now directly owns 7,500 shares of the company’s stock, valued at approximately $462,675. The disclosure for this sale can be found here. In the last three months, insiders sold 15,098 shares of company stock valued at $935,590. 0.81% of the stock is currently owned by insiders.
About Ormat Technologies
Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity.
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