Ormat Technologies, Inc. (NYSE:ORA) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 25.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,296 shares of the energy company's stock after selling 5,587 shares during the quarter. BNP Paribas Financial Markets' holdings in Ormat Technologies were worth $1,104,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. AlphaQuest LLC lifted its stake in Ormat Technologies by 4,691.7% in the 4th quarter. AlphaQuest LLC now owns 575 shares of the energy company's stock worth $39,000 after purchasing an additional 563 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Ormat Technologies during the 4th quarter valued at approximately $66,000. Sterling Capital Management LLC raised its position in shares of Ormat Technologies by 897.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,856 shares of the energy company's stock valued at $126,000 after buying an additional 1,670 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Ormat Technologies during the 4th quarter valued at approximately $182,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Ormat Technologies during the 4th quarter valued at approximately $204,000. 95.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Ormat Technologies news, Director David Granot sold 1,666 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $69.00, for a total value of $114,954.00. Following the sale, the director now directly owns 1,910 shares in the company, valued at $131,790. This trade represents a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dafna Sharir sold 876 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $75.00, for a total value of $65,700.00. Following the completion of the sale, the director now owns 4,438 shares in the company, valued at approximately $332,850. This represents a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,068 shares of company stock worth $291,572 over the last 90 days. Corporate insiders own 0.56% of the company's stock.

Ormat Technologies Trading Up 0.9%

NYSE ORA traded up $0.62 on Monday, reaching $71.57. The stock had a trading volume of 306,846 shares, compared to its average volume of 484,459. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 36.51, a P/E/G ratio of 3.18 and a beta of 0.65. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.73. Ormat Technologies, Inc. has a 12-month low of $61.58 and a 12-month high of $84.30. The stock has a fifty day moving average price of $71.53 and a two-hundred day moving average price of $71.05.

Ormat Technologies (NYSE:ORA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The energy company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.10. The company had revenue of $229.76 million for the quarter, compared to analyst estimates of $228.33 million. Ormat Technologies had a return on equity of 5.27% and a net margin of 13.33%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 earnings per share. As a group, sell-side analysts forecast that Ormat Technologies, Inc. will post 1.94 EPS for the current fiscal year.

Ormat Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. Ormat Technologies's dividend payout ratio (DPR) is 23.30%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Baird R W raised shares of Ormat Technologies to a "hold" rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. lifted their price target on shares of Ormat Technologies from $71.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Robert W. Baird assumed coverage on shares of Ormat Technologies in a research report on Thursday, March 13th. They set a "neutral" rating and a $81.00 price target on the stock. Wall Street Zen raised shares of Ormat Technologies from a "sell" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Jefferies Financial Group lifted their price target on shares of Ormat Technologies from $78.00 to $86.00 and gave the company a "buy" rating in a research report on Tuesday, March 25th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $83.29.

Ormat Technologies 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.