Ormat Technologies, Inc. (NYSE:ORA) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,058 shares of the energy company's stock after purchasing an additional 6,153 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.09% of Ormat Technologies worth $3,729,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ORA. AlphaQuest LLC boosted its position in shares of Ormat Technologies by 4,691.7% during the fourth quarter. AlphaQuest LLC now owns 575 shares of the energy company's stock valued at $39,000 after buying an additional 563 shares during the period. Headlands Technologies LLC purchased a new position in shares of Ormat Technologies during the fourth quarter valued at approximately $66,000. Sterling Capital Management LLC boosted its position in shares of Ormat Technologies by 897.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,856 shares of the energy company's stock valued at $126,000 after buying an additional 1,670 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Ormat Technologies during the fourth quarter valued at approximately $182,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Ormat Technologies during the fourth quarter valued at approximately $204,000. 95.49% of the stock is owned by institutional investors.

Ormat Technologies Trading Down 2.6%

Shares of NYSE ORA traded down $1.87 during midday trading on Thursday, reaching $70.89. 342,820 shares of the stock were exchanged, compared to its average volume of 484,395. The company has a 50 day simple moving average of $71.54 and a 200 day simple moving average of $71.36. The stock has a market capitalization of $4.30 billion, a P/E ratio of 36.17, a PEG ratio of 3.18 and a beta of 0.65. 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 twelve month low of $61.58 and a twelve month high of $84.30.

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

Ormat Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 21st. This represents a $0.48 annualized dividend and a dividend yield of 0.68%. Ormat Technologies's dividend payout ratio (DPR) is currently 23.30%.

Wall Street Analysts Forecast Growth

ORA has been the subject of a number of research reports. Wall Street Zen upgraded Ormat Technologies from a "sell" rating to a "hold" rating in a report on Monday, April 7th. Jefferies Financial Group boosted their price target on Ormat Technologies from $78.00 to $86.00 and gave the company a "buy" rating in a report on Tuesday, March 25th. Baird R W upgraded Ormat Technologies to a "hold" rating in a report on Thursday, March 13th. Robert W. Baird initiated coverage on shares of Ormat Technologies in a research note on Thursday, March 13th. They issued a "neutral" rating and a $81.00 price objective for the company. Finally, Barclays boosted their price objective 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $83.29.

Insider Transactions at Ormat Technologies

In other Ormat Technologies news, Director Dafna Sharir sold 876 shares of Ormat Technologies stock in a transaction on Monday, May 19th. The shares were sold at an average price of $75.00, for a total value of $65,700.00. Following the transaction, the director now directly owns 4,438 shares in the company, valued at approximately $332,850. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David Granot sold 1,666 shares of Ormat Technologies stock in a transaction on Monday, March 3rd. The shares were 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 represents a 46.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 4,068 shares of company stock valued at $291,572. 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.