Susquehanna Fundamental Investments LLC Acquires Shares of 4,034 Ormat Technologies, Inc. (NYSE:ORA)

Susquehanna Fundamental Investments LLC bought a new stake in Ormat Technologies, Inc. (NYSE:ORA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,034 shares of the energy company's stock, valued at approximately $273,000.

Several other institutional investors also recently made changes to their positions in ORA. Pacer Advisors Inc. raised its holdings in Ormat Technologies by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 8,026 shares of the energy company's stock worth $544,000 after purchasing an additional 160 shares during the last quarter. Bailard Inc. raised its stake in shares of Ormat Technologies by 0.9% during the 4th quarter. Bailard Inc. now owns 19,446 shares of the energy company's stock worth $1,317,000 after buying an additional 169 shares during the last quarter. Securian Asset Management Inc. raised its stake in shares of Ormat Technologies by 5.1% during the 4th quarter. Securian Asset Management Inc. now owns 4,354 shares of the energy company's stock worth $295,000 after buying an additional 212 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of 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. Finally, Caprock Group LLC grew its stake in Ormat Technologies by 4.0% in the 4th quarter. Caprock Group LLC now owns 6,080 shares of the energy company's stock valued at $412,000 after acquiring an additional 235 shares during the last quarter. 95.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ormat Technologies

In related news, Director David Granot sold 1,666 shares of the 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 completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jessica Woelfel sold 409 shares of Ormat Technologies stock in a transaction that occurred 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 transaction, the insider now directly owns 6,094 shares in the company, valued at approximately $439,682.10. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,242 shares of company stock worth $156,427 in the last ninety days. Insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

ORA has been the topic of several recent research reports. Barclays upped their price target on shares of Ormat Technologies from $75.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday. Jefferies Financial Group upped their target price on Ormat Technologies from $78.00 to $86.00 and gave the company a "buy" rating in a research note on Tuesday, March 25th. Robert W. Baird began coverage on Ormat Technologies in a report on Thursday, March 13th. They set a "neutral" rating and a $81.00 target price on the stock. StockNews.com raised Ormat Technologies from a "sell" rating to a "hold" rating in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. upped their price objective on Ormat Technologies from $71.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $84.33.

Ormat Technologies Trading Up 0.9 %

Ormat Technologies stock traded up $0.69 during trading on Friday, hitting $74.80. The company's stock had a trading volume of 321,851 shares, compared to its average volume of 485,275. The stock's fifty day moving average is $71.11 and its 200 day moving average is $71.68. 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 1-year low of $61.58 and a 1-year high of $84.30. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 38.16, a P/E/G ratio of 3.18 and a beta of 0.65.

Ormat Technologies (NYSE:ORA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.68 EPS for the quarter, beating 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 company had revenue of $229.76 million during the quarter, compared to the consensus estimate of $228.33 million. During the same quarter in the prior year, the company posted $0.64 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Ormat Technologies, Inc. will post 1.94 EPS for the current year.

Ormat Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 21st will be paid 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 0.64%. Ormat Technologies's dividend payout ratio is presently 23.53%.

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.