Somerville Kurt F Purchases New Holdings in Ormat Technologies, Inc. (ORA)

Somerville Kurt F purchased a new position in shares of Ormat Technologies, Inc. (NYSE:ORA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,950 shares of the energy company’s stock, valued at approximately $317,000.

Several other hedge funds also recently bought and sold shares of the stock. Hemenway Trust Co LLC acquired a new stake in shares of Ormat Technologies during the fourth quarter worth approximately $343,000. US Bancorp DE boosted its holdings in shares of Ormat Technologies by 106.4% during the fourth quarter. US Bancorp DE now owns 11,344 shares of the energy company’s stock worth $727,000 after purchasing an additional 5,847 shares during the period. Aperio Group LLC boosted its holdings in shares of Ormat Technologies by 17.1% during the fourth quarter. Aperio Group LLC now owns 113,995 shares of the energy company’s stock worth $7,291,000 after purchasing an additional 16,608 shares during the period. Harrington Investments INC boosted its holdings in shares of Ormat Technologies by 41.1% during the fourth quarter. Harrington Investments INC now owns 7,720 shares of the energy company’s stock worth $494,000 after purchasing an additional 2,250 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Ormat Technologies during the fourth quarter worth approximately $230,000. Institutional investors and hedge funds own 46.40% of the company’s stock.

A number of analysts have issued reports on ORA shares. Zacks Investment Research cut shares of Ormat Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Guggenheim started coverage on shares of Ormat Technologies in a research note on Monday, January 8th. They issued a “buy” rating and a $72.00 target price for the company. Roth Capital set a $70.00 target price on shares of Ormat Technologies and gave the company a “buy” rating in a research note on Monday, November 13th. Cowen reiterated a “buy” rating and issued a $75.00 target price on shares of Ormat Technologies in a research note on Wednesday, January 24th. Finally, TheStreet upgraded shares of Ormat Technologies from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Ormat Technologies has an average rating of “Buy” and an average price target of $71.14.

Shares of Ormat Technologies, Inc. (NYSE ORA) opened at $68.01 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.72 and a quick ratio of 1.62. The stock has a market cap of $3,441.11, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 2.00 and a beta of 1.22. Ormat Technologies, Inc. has a one year low of $52.99 and a one year high of $70.68.

Ormat Technologies (NYSE:ORA) last posted its earnings results on Tuesday, November 7th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.06). The business had revenue of $157.20 million during the quarter, compared to analyst estimates of $159.02 million. Ormat Technologies had a net margin of 16.99% and a return on equity of 9.41%. Ormat Technologies’s revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. equities research analysts predict that Ormat Technologies, Inc. will post 2.21 EPS for the current fiscal year.

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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.

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

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