5,000 Shares in Ormat Technologies, Inc. (NYSE:ORA) Acquired by Maven Securities LTD

Maven Securities LTD acquired a new position in Ormat Technologies, Inc. (NYSE:ORA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the energy company's stock, valued at approximately $339,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC boosted its holdings in shares of Ormat Technologies by 4,691.7% in the fourth quarter. AlphaQuest LLC now owns 575 shares of the energy company's stock worth $39,000 after buying an additional 563 shares during the last quarter. Headlands Technologies LLC bought a new stake in Ormat Technologies in the 4th quarter worth approximately $66,000. Mendota Financial Group LLC bought a new stake in Ormat Technologies in the 4th quarter worth approximately $98,000. Sterling Capital Management LLC increased its stake in Ormat Technologies by 897.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,856 shares of the energy company's stock worth $126,000 after acquiring an additional 1,670 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Ormat Technologies in the 4th quarter worth approximately $182,000. 95.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ormat Technologies

In other Ormat Technologies news, insider Jessica Woelfel sold 409 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $72.15, for a total value of $29,509.35. Following the completion of the transaction, the insider now owns 6,094 shares of the company's stock, valued at $439,682.10. This represents a 6.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Granot sold 1,666 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $69.00, for a total value of $114,954.00. Following the completion of the transaction, the director now directly owns 1,910 shares of the company's stock, valued at approximately $131,790. The trade was a 46.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,192 shares of company stock worth $225,872. 0.56% of the stock is owned by company insiders.

Ormat Technologies Stock Up 0.1%

Shares of NYSE:ORA traded up $0.06 during midday trading on Monday, hitting $75.04. 131,761 shares of the stock were exchanged, compared to its average volume of 506,720. The business's fifty day simple moving average is $71.44 and its two-hundred day simple moving average is $71.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.95. Ormat Technologies, Inc. has a 52-week low of $61.58 and a 52-week high of $84.30. The company has a market capitalization of $4.55 billion, a PE ratio of 38.28, a P/E/G ratio of 3.18 and a beta of 0.65.

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

Ormat Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be paid a $0.12 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $0.48 annualized dividend and a yield of 0.64%. Ormat Technologies's dividend payout ratio (DPR) is currently 23.30%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Ormat Technologies from $71.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Baird R W upgraded Ormat Technologies to a "hold" rating in a research note on Thursday, March 13th. Barclays raised their price objective on Ormat Technologies from $75.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Jefferies Financial Group increased their price objective on Ormat Technologies from $78.00 to $86.00 and gave the company a "buy" rating in a research note on Tuesday, March 25th. Finally, StockNews.com upgraded Ormat Technologies from a "sell" rating to a "hold" rating in a research report on Monday, April 7th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently 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.