Principal Monetary Group Inc. Sells 318 Shares of Ormat Applied sciences, Inc. (NYSE:ORA)

Ormat Technologies logoPrincipal Monetary Group Inc. decreased its stake in Ormat Applied sciences, Inc. (NYSE:ORA – Get Score) by 8.1% in the course of the 1st quarter, based on its most up-to-date 13F submitting with the Securities and Alternate Fee. The institutional investor owned 3,612 shares of the power firm’s inventory after promoting 318 shares in the course of the quarter. Principal Monetary Group Inc.’s holdings in Ormat Applied sciences had been value $296,000 as of its most up-to-date SEC submitting.

A number of different institutional traders have additionally added to or decreased their stakes in ORA. Investnet Asset Administration Inc. lifted its place in Ormat Applied sciences by 14.8% within the 4th quarter. Investnet Asset Administration Inc. now owns 12,332 shares of the power firm’s inventory valued at $978,000 after buying an extra 1,591 shares within the final quarter. ProShare Advisors LLC elevated its place in shares of Ormat Applied sciences by 70.4% within the fourth quarter. ProShare Advisors LLC now owns 9,900 shares of the power firm’s inventory valued at $785,000 after buying an extra 4,091 shares over the past quarter. CIBC Asset Administration Inc acquired a brand new stake in shares of Ormat Applied sciences within the fourth quarter valued at about $236,000. Raymond James & Associates acquired a brand new stake in shares of Ormat Applied sciences within the fourth quarter valued at about $408,000. Lastly, BNP Paribas Arbitrage SA elevated its place in shares of Ormat Applied sciences by 67.5% within the fourth quarter. BNP Paribas Arbitrage SA now owns 26,528 shares of the power firm’s inventory valued at $2,104,000 after buying an extra 10,687 shares over the past quarter. 92.42% of the inventory is owned by institutional traders.

Insider Shopping for and Promoting

In different information, Director David Granot bought 455 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, August twenty fourth. The inventory was bought at a median value of $93.00, for a complete transaction of $42,315.00. Following the completion of the sale, the director now owns 2,922 shares within the firm, valued at $271,746. The sale was disclosed in a submitting with the SEC, which is on the market at this hyperlink. In different information, Director David Granot bought 455 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, August twenty fourth. The inventory was bought at a median value of $93.00, for a complete transaction of $42,315.00. Following the completion of the sale, the director now owns 2,922 shares within the firm, valued at $271,746. The sale was disclosed in a submitting with the SEC, which is on the market at this hyperlink. Additionally, Director Stanley Stern bought 7,500 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, August sixteenth. The inventory was bought at a median value of $96.85, for a complete worth of $726.375.00. Following the sale, the director now owns 6,037 shares of the corporate’s inventory, valued at roughly $584,683.45. The disclosure for this sale could be discovered right here. Over the past 90 days, insiders bought 17,457 shares of firm inventory value $1,546,524. Firm insiders personal 1.30% of the corporate’s inventory.

Analyst Upgrades and Downgrades

Need Extra Nice Investing Concepts?

ORA has been the subject of quite a few current analysis experiences. StockNews.com raised Ormat Applied sciences from a “promote” ranking to a “maintain” ranking in a analysis report on Thursday, August 4th. JPMorgan Chase & Co. lifted their goal value on Ormat Applied sciences from $90.00 to $97.00 and gave the corporate a “impartial” ranking in a analysis report on Monday, August eighth. Cowen lifted their goal value on Ormat Applied sciences to $84.00 in a analysis report on Tuesday, August ninth. Lastly, Oppenheimer lifted their goal value on Ormat Applied sciences from $85.00 to $97.00 and gave the corporate an “outperform” ranking in a analysis report on Monday, August eighth. Three analysts have rated the inventory with a maintain ranking and one has given a purchase ranking to the corporate’s inventory. In accordance with MarketBeat, the corporate presently has a median ranking of “Maintain” and a median goal value of $88.25.

Ormat Applied sciences Buying and selling Down 1.5%

Ormat Applied sciences inventory opened at $92.32 on Friday. Ormat Applied sciences, Inc. has a 52 week low of $60.32 and a 52 week excessive of $98.11. The corporate has a debt-to-equity ratio of 0.82, a fast ratio of 1.57 and a present ratio of 1.66. The inventory has a market capitalization of $5.16 billion, a P/E ratio of 81.70, a PEG ratio of 6.74 and a beta of 0.51. The inventory has a 50-day easy transferring common of $85.69 and a 200-day easy transferring common of $80.35.

Ormat Applied sciences Dividend Announcement

The agency additionally not too long ago declared a quarterly dividend, which was paid on Wednesday, August thirty first. Buyers of document on Wednesday, August seventeenth had been issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized foundation and a yield of 0.52%. The ex-dividend date was Tuesday, August sixteenth. Ormat Applied sciences’s payout ratio is presently 42.48%.

Ormat Applied sciences Firm Profile

(Get Score)

Ormat Applied sciences, Inc. engages within the geothermal and recovered power energy enterprise in the US, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates by three segments: Electrical energy, Product, and Power Storage. The Electrical energy section develops, builds, owns, and operates geothermal, photo voltaic photovoltaic, and recovered energy-based energy crops; and sells electrical energy.

Learn Extra

Need to see what different hedge funds are holding ORA? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Ormat Applied sciences, Inc. (NYSE:ORA – Get Score).

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

Obtain Information & Scores for Ormat Applied sciences Each day – Enter your electronic mail handle under to obtain a concise each day abstract of the newest information and analysts’ scores for Ormat Applied sciences and associated corporations with MarketBeat.com’s FREE each day electronic mail e-newsletter.