Ormat Technologies, Inc. (NYSE:ORA) Holdings Lifted by Vanguard Group Inc.

Vanguard Group Inc. grew its position in Ormat Technologies, Inc. (NYSE:ORA) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,324,628 shares of the energy company’s stock after purchasing an additional 39,172 shares during the period. Vanguard Group Inc. owned approximately 8.82% of Ormat Technologies worth $403,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORA. Evexia Wealth LLC lifted its stake in shares of Ormat Technologies by 2.7% in the 4th quarter. Evexia Wealth LLC now owns 6,096 shares of the energy company’s stock worth $462,000 after acquiring an additional 160 shares during the period. LGT Capital Partners LTD. lifted its stake in Ormat Technologies by 26.6% during the fourth quarter. LGT Capital Partners LTD. now owns 524,710 shares of the energy company’s stock valued at $39,768,000 after purchasing an additional 110,330 shares during the last quarter. Capstone Investment Advisors LLC lifted its stake in Ormat Technologies by 265.2% during the fourth quarter. Capstone Investment Advisors LLC now owns 14,293 shares of the energy company’s stock valued at $1,083,000 after purchasing an additional 10,379 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Ormat Technologies by 25.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 864,232 shares of the energy company’s stock valued at $65,500,000 after purchasing an additional 172,934 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Ormat Technologies by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,256,304 shares of the energy company’s stock valued at $95,220,000 after purchasing an additional 31,450 shares during the last quarter. Institutional investors own 95.49% of the company’s stock.

Insider Buying and Selling at Ormat Technologies

In other Ormat Technologies news, Director David Granot sold 686 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $73.46, for a total value of $50,393.56. Following the transaction, the director now owns 4,832 shares in the company, valued at approximately $354,958.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Oppenheimer increased their target price on shares of Ormat Technologies from $83.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. UBS Group increased their target price on shares of Ormat Technologies from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. TD Cowen upped their price target on shares of Ormat Technologies from $70.00 to $76.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Finally, Barclays reduced their price target on shares of Ormat Technologies from $75.00 to $73.00 and set an “equal weight” rating for the company in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $84.17.

Ormat Technologies Stock Up 1.5 %

Shares of NYSE:ORA opened at $74.10 on Friday. The company has a market cap of $4.48 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 3.52 and a beta of 0.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.02 and a current ratio of 1.12. The firm has a 50 day simple moving average of $71.15 and a 200 day simple moving average of $68.90. Ormat Technologies, Inc. has a 52 week low of $58.73 and a 52 week high of $85.82.

Ormat Technologies (NYSE:ORA) last released its quarterly earnings data on Wednesday, May 8th. The energy company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.03). The company had revenue of $224.17 million during the quarter, compared to analyst estimates of $224.38 million. Ormat Technologies had a net margin of 15.43% and a return on equity of 5.45%. As a group, research analysts expect that Ormat Technologies, Inc. will post 2.08 earnings per share for the current year.

Ormat Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.65%. Ormat Technologies’s dividend payout ratio is presently 21.62%.

Ormat Technologies Company 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.