Altshuler Shaham Ltd Acquires 10,732 Shares of Ormat Technologies, Inc. (NYSE:ORA)

Altshuler Shaham Ltd boosted its stake in shares of Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 215.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,722 shares of the energy company's stock after acquiring an additional 10,732 shares during the quarter. Altshuler Shaham Ltd's holdings in Ormat Technologies were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Ormat Technologies by 1.8% in the third quarter. Geode Capital Management LLC now owns 1,301,291 shares of the energy company's stock worth $100,140,000 after purchasing an additional 22,714 shares in the last quarter. Tidal Investments LLC boosted its position in Ormat Technologies by 36.8% during the third quarter. Tidal Investments LLC now owns 45,642 shares of the energy company's stock worth $3,512,000 after acquiring an additional 12,272 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Ormat Technologies by 132.4% in the fourth quarter. Versant Capital Management Inc now owns 402 shares of the energy company's stock valued at $27,000 after purchasing an additional 229 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Ormat Technologies in the 4th quarter valued at approximately $98,000. Finally, Inspire Investing LLC raised its position in Ormat Technologies by 11.0% in the fourth quarter. Inspire Investing LLC now owns 5,914 shares of the energy company's stock valued at $400,000 after purchasing an additional 586 shares during the period. 95.49% of the stock is currently owned by institutional investors.

Ormat Technologies Price Performance

Shares of ORA stock traded up $1.32 during trading hours on Tuesday, reaching $72.09. 170,849 shares of the company were exchanged, compared to its average volume of 527,508. Ormat Technologies, Inc. has a fifty-two week low of $61.58 and a fifty-two week high of $84.30. The stock's fifty day moving average is $69.58 and its two-hundred day moving average is $72.09. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 36.78, a P/E/G ratio of 3.18 and a beta of 0.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.95 and a quick ratio of 0.87.

Ormat Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. Ormat Technologies's dividend payout ratio is presently 23.53%.

Insider Buying and Selling

In other news, Director David Granot sold 1,666 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $69.00, for a total value of $114,954.00. Following the transaction, the director now owns 1,910 shares in the company, valued at approximately $131,790. The trade was a 46.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jessica Woelfel sold 409 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $72.15, for a total value of $29,509.35. Following the sale, the insider now directly owns 6,094 shares of the company's stock, valued at $439,682.10. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,242 shares of company stock valued at $156,427. Insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORA. Baird R W raised Ormat Technologies to a "hold" rating in a research note on Thursday, March 13th. Jefferies Financial Group increased their price target on shares of Ormat Technologies from $78.00 to $86.00 and gave the stock a "buy" rating in a report on Tuesday, March 25th. StockNews.com raised Ormat Technologies from a "sell" rating to a "hold" rating in a report on Monday, April 7th. JPMorgan Chase & Co. increased their target price on Ormat Technologies from $71.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Finally, Robert W. Baird began coverage on Ormat Technologies in a research report on Thursday, March 13th. They set a "neutral" rating and a $81.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $83.56.

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.