Bank of Montreal Can raised its position in shares of Ormat Technologies, Inc. (NYSE:ORA – Get Rating) by 568.4% during the 3rd quarter, according to the company’s most recent 13F filing with the SEC. The fund owned 120,090 shares of the energy company’s stock after purchasing an additional 102,124 shares during the quarter. Bank of Montreal Can’s holdings in Ormat Technologies were worth $10,942,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in shares of Ormat Technologies by 30.0% in the third quarter. IFP Advisors Inc now owns 533 shares of the energy company’s stock worth $27,000 after buying an additional 123 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Ormat Technologies in the third quarter worth about $37,000. Edmond DE Rothschild Holding SA boosted its stake in shares of Ormat Technologies by 269.0% in the third quarter. Edmond DE Rothschild Holding SA now owns 738 shares of the energy company’s stock worth $64,000 after buying an additional 538 shares during the last quarter. Focused Wealth Management Inc purchased a new stake in shares of Ormat Technologies in the third quarter worth about $65,000. Finally, Baldwin Brothers LLC MA purchased a new stake in shares of Ormat Technologies in the third quarter worth about $98,000. Hedge funds and other institutional investors own 81.74% of the company’s stock.
Analyst Ratings Changes
ORA has been the topic of a number of recent research reports. Bank of America initiated coverage on Ormat Technologies in a research note on Tuesday, November 22nd. They issued a “neutral” rating on the stock. Roth Capital reiterated a “neutral” rating on shares of Ormat Technologies in a research report on Sunday, November 6th. Finally, StockNews.com upgraded Ormat Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Ormat Technologies currently has a consensus rating of “Hold” and a consensus price target of $90.00.
Insider Buying and Selling at Ormat Technologies
In other Ormat Technologies news, major shareholder Corp Orix sold 562,500 shares of the stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $87.75, for a total transaction of $49,359,375.00. Following the completion of the transaction, the insider now owns 6,676,077 shares of the company’s stock, valued at $585,825,756.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.
Ormat Technologies Price Performance
Shares of Ormat Technologies stock opened at $92.45 on Monday. The business has a 50 day simple moving average of $89.41 and a two hundred day simple moving average of $90.97. Ormat Technologies, Inc. has a 12 month low of $60.32 and a 12 month high of $101.81. The stock has a market capitalization of $5.18 billion, a P/E ratio of 77.69, a PEG ratio of 4.85 and a beta of 0.49. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.28 and a quick ratio of 1.20.
Ormat Technologies Company Profile
Ormat Technologies, Inc operates as a holding company. The firm engages in the geothermal and recovered energy power businesses. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses on the sale of electricity from the company’s power plants pursuant to power purchase agreements.
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