Natixis Invests $4.70 Million in Ormat Technologies, Inc. (NYSE:ORA)

Natixis acquired a new position in Ormat Technologies, Inc. (NYSE:ORA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 69,413 shares of the energy company's stock, valued at approximately $4,701,000. Natixis owned 0.11% of Ormat Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Ormat Technologies by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 6,043,996 shares of the energy company's stock worth $409,305,000 after buying an additional 274,540 shares in the last quarter. Impax Asset Management Group plc grew its position in Ormat Technologies by 7.3% during the fourth quarter. Impax Asset Management Group plc now owns 2,415,479 shares of the energy company's stock worth $162,586,000 after buying an additional 163,505 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Ormat Technologies by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,586,479 shares of the energy company's stock worth $107,440,000 after buying an additional 93,418 shares in the last quarter. Geode Capital Management LLC grew its position in Ormat Technologies by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 1,373,426 shares of the energy company's stock worth $93,029,000 after buying an additional 72,135 shares in the last quarter. Finally, Norges Bank acquired a new stake in Ormat Technologies during the fourth quarter valued at approximately $62,851,000. 95.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Ormat Technologies news, Director David Granot sold 1,666 shares of the company's 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 sale, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jessica Woelfel sold 409 shares of the company'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 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 position. The disclosure for this sale can be found here. Insiders sold 2,242 shares of company stock worth $156,427 in the last quarter. Insiders own 0.56% of the company's stock.

Ormat Technologies Trading Up 0.6 %

ORA stock traded up $0.40 during trading on Friday, hitting $73.12. The company had a trading volume of 264,000 shares, compared to its average volume of 485,837. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $70.28 and a 200-day moving average price of $72.00. Ormat Technologies, Inc. has a 12 month low of $61.58 and a 12 month high of $84.30. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 3.18 and a beta of 0.52.

Ormat Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors 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 presently 23.53%.

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.