Ormat Technologies, Inc. (NYSE:ORA) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in shares of Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 86.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,218 shares of the energy company's stock after selling 821,700 shares during the period. Barclays PLC owned 0.22% of Ormat Technologies worth $8,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Versant Capital Management Inc increased its stake in Ormat Technologies by 132.4% in the 4th quarter. Versant Capital Management Inc now owns 402 shares of the energy company's stock worth $27,000 after buying an additional 229 shares in the last quarter. AlphaQuest LLC increased its position in shares of Ormat Technologies by 4,691.7% during the 4th quarter. AlphaQuest LLC now owns 575 shares of the energy company's stock valued at $39,000 after purchasing an additional 563 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Ormat Technologies in the fourth quarter valued at $66,000. Mendota Financial Group LLC bought a new stake in Ormat Technologies in the fourth quarter worth about $98,000. Finally, Sterling Capital Management LLC boosted its holdings in Ormat Technologies by 897.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,856 shares of the energy company's stock valued at $126,000 after acquiring an additional 1,670 shares during the period. Hedge funds and other institutional investors own 95.49% of the company's stock.

Ormat Technologies Stock Performance

Shares of ORA traded down $0.03 during mid-day trading on Tuesday, reaching $73.19. The company's stock had a trading volume of 51,357 shares, compared to its average volume of 483,138. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The stock has a market cap of $4.44 billion, a P/E ratio of 37.30, a PEG ratio of 3.18 and a beta of 0.52. Ormat Technologies, Inc. has a 1-year low of $61.58 and a 1-year high of $84.30. The business has a 50-day simple moving average of $70.42 and a two-hundred day simple moving average of $71.99.

Ormat Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.66%. The ex-dividend date was Wednesday, March 12th. Ormat Technologies's dividend payout ratio (DPR) is currently 23.53%.

Analyst Ratings Changes

ORA has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on Ormat Technologies from $71.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Robert W. Baird initiated coverage on shares of Ormat Technologies in a research report on Thursday, March 13th. They issued a "neutral" rating and a $81.00 price objective for the company. Jefferies Financial Group increased their target price on shares of Ormat Technologies from $78.00 to $86.00 and gave the company a "buy" rating in a research report on Tuesday, March 25th. Baird R W upgraded shares of Ormat Technologies to a "hold" rating in a report on Thursday, March 13th. Finally, StockNews.com raised Ormat Technologies from a "sell" rating to a "hold" rating in a research report on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $83.56.

Insider Activity at Ormat Technologies

In other news, insider Jessica Woelfel sold 409 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $72.15, for a total value of $29,509.35. Following the sale, the insider now 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 document filed with the SEC, which is available at the SEC website. Also, Director David Granot sold 1,666 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $69.00, for a total transaction of $114,954.00. Following the completion of the transaction, the director now owns 1,910 shares in the company, valued at approximately $131,790. This trade represents a 46.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,242 shares of company stock worth $156,427 over the last quarter. Company insiders own 0.56% of the company's stock.

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.