Invesco Ltd. Acquires 6,702 Shares of Ormat Technologies, Inc. (NYSE:ORA)

Invesco Ltd. grew its position in Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,851 shares of the energy company's stock after purchasing an additional 6,702 shares during the period. Invesco Ltd. owned about 0.37% of Ormat Technologies worth $15,295,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ORA. Tidal Investments LLC lifted its position in shares of Ormat Technologies by 36.8% during the 3rd quarter. Tidal Investments LLC now owns 45,642 shares of the energy company's stock worth $3,512,000 after buying an additional 12,272 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Ormat Technologies by 132.4% during the fourth quarter. Versant Capital Management Inc now owns 402 shares of the energy company's stock valued at $27,000 after acquiring an additional 229 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Ormat Technologies during the fourth quarter valued at approximately $98,000. Inspire Investing LLC lifted its holdings 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. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management boosted its position in Ormat Technologies by 57.3% in 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 purchasing an additional 81,547 shares during the last quarter. 95.49% of the stock is owned by institutional investors.

Ormat Technologies Stock Performance

Shares of ORA stock traded up $0.04 during trading on Friday, reaching $72.76. 40,707 shares of the company's stock traded hands, compared to its average volume of 485,667. The firm's 50-day moving average is $70.13 and its 200 day moving average is $72.07. The company has a market capitalization of $4.41 billion, a P/E ratio of 37.12, 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 company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

Ormat Technologies Announces Dividend

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

Insider Transactions at Ormat Technologies

In related news, Director David Granot sold 1,666 shares of the company'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 transaction of $114,954.00. Following the sale, the director now owns 1,910 shares of the company's stock, valued at approximately $131,790. This represents a 46.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jessica Woelfel sold 409 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $72.15, for a total transaction 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 approximately $439,682.10. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,242 shares of company stock valued at $156,427 over the last three months. Company insiders own 0.56% of the company's stock.

Analyst Ratings Changes

ORA has been the subject of several research analyst reports. StockNews.com raised Ormat Technologies from a "sell" rating to a "hold" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. raised their price objective on shares of 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 shares of Ormat Technologies in a research note on Thursday, March 13th. They issued a "neutral" rating and a $81.00 target price on the stock. Baird R W raised shares of Ormat Technologies to a "hold" rating in a research report on Thursday, March 13th. Finally, Jefferies Financial Group lifted 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. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.