Stifel Financial Corp Buys Shares of 5,740 Ormat Technologies, Inc. (NYSE:ORA)

Stifel Financial Corp bought a new position in shares of Ormat Technologies, Inc. (NYSE:ORA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,740 shares of the energy company's stock, valued at approximately $389,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ORA. Mendota Financial Group LLC bought a new position in Ormat Technologies during the fourth quarter worth $98,000. Inspire Investing LLC increased its position in Ormat Technologies by 11.0% during the fourth quarter. Inspire Investing LLC now owns 5,914 shares of the energy company's stock worth $400,000 after acquiring an additional 586 shares during the period. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management increased its position in Ormat Technologies by 57.3% during the fourth quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 223,937 shares of the energy company's stock worth $15,165,000 after acquiring an additional 81,547 shares during the period. Pacer Advisors Inc. boosted its stake in Ormat Technologies by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 8,026 shares of the energy company's stock worth $544,000 after buying an additional 160 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in Ormat Technologies by 16.4% during the fourth quarter. Perigon Wealth Management LLC now owns 3,162 shares of the energy company's stock worth $214,000 after buying an additional 446 shares in the last quarter. Institutional investors own 95.49% of the company's stock.

Ormat Technologies Price Performance

Shares of NYSE:ORA traded down $0.19 on Friday, hitting $74.97. The stock had a trading volume of 433,639 shares, compared to its average volume of 484,920. Ormat Technologies, Inc. has a twelve month low of $61.58 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.95. The firm's 50 day moving average price is $71.44 and its 200-day moving average price is $71.54. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 3.18 and a beta of 0.65.

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

Ormat Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. Ormat Technologies's dividend payout ratio is 23.30%.

Insider Activity at Ormat Technologies

In related news, insider Jessica Woelfel sold 409 shares of Ormat Technologies 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 directly owns 6,094 shares of the company's stock, valued at $439,682.10. The trade was a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Granot sold 950 shares of Ormat Technologies stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $73.10, for a total value of $69,445.00. Following the completion of the transaction, the director now directly owns 2,713 shares of the company's stock, valued at $198,320.30. This represents a 25.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,192 shares of company stock valued at $225,872 over the last ninety days. 0.56% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ORA has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Ormat Technologies from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Ormat Technologies from $71.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Baird R W upgraded shares of Ormat Technologies to a "hold" rating in a research note on Thursday, March 13th. StockNews.com upgraded shares of Ormat Technologies from a "sell" rating to a "hold" rating in a research note on Monday, April 7th. Finally, Robert W. Baird initiated coverage on shares of Ormat Technologies in a research note on Thursday, March 13th. They set a "neutral" rating and a $81.00 price target on the stock. Six investment 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, Ormat Technologies presently has an average rating of "Hold" and an average 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.