Nuveen Asset Management LLC Has $13.82 Million Stake in Ormat Technologies, Inc. (NYSE:ORA)

Nuveen Asset Management LLC decreased its position in Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 204,018 shares of the energy company's stock after selling 25,819 shares during the quarter. Nuveen Asset Management LLC owned about 0.34% of Ormat Technologies worth $13,816,000 as of its most recent filing with the SEC.

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

Ormat Technologies Stock Performance

Shares of NYSE ORA traded up $0.25 during trading hours on Wednesday, reaching $72.64. The stock had a trading volume of 366,351 shares, compared to its average volume of 483,588. The business's fifty day moving average is $71.55 and its two-hundred day moving average is $71.07. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.95 and a quick ratio of 0.87. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 3.18 and a beta of 0.65. 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 issued its earnings results on Wednesday, May 7th. The energy company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.10. The business had revenue of $229.76 million during the quarter, compared to analyst estimates of $228.33 million. Ormat Technologies had a return on equity of 5.27% and a net margin of 13.33%. Ormat Technologies's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. As a group, research analysts expect that Ormat Technologies, Inc. will post 1.94 EPS for the current year.

Ormat Technologies Announces Dividend

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 of this dividend is Wednesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.66%. Ormat Technologies's payout ratio is 23.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays upped their target price on Ormat Technologies from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Baird R W raised Ormat Technologies to a "hold" rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. upped their price target on Ormat Technologies from $71.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Robert W. Baird assumed coverage on Ormat Technologies in a report on Thursday, March 13th. They set a "neutral" rating and a $81.00 price target for the company. Finally, Wall Street Zen upgraded Ormat Technologies from a "sell" rating to a "hold" rating in a report on Monday, April 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $83.29.

Insider Buying and Selling at Ormat Technologies

In other Ormat Technologies news, Director Dafna Sharir sold 876 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $75.00, for a total value of $65,700.00. Following the sale, the director now directly owns 4,438 shares in the company, valued at $332,850. This represents a 16.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jessica Woelfel sold 409 shares of the stock in a transaction 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 owns 6,094 shares in the company, valued at $439,682.10. The trade was a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,068 shares of company stock worth $291,572 over the last three months. Company insiders own 0.56% of the company's stock.

About Ormat Technologies

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.