Tower Research Capital LLC TRC Has $482,000 Holdings in Ormat Technologies, Inc. (NYSE:ORA)

Tower Research Capital LLC TRC boosted its position in shares of Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 189.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,120 shares of the energy company's stock after buying an additional 4,660 shares during the quarter. Tower Research Capital LLC TRC's holdings in Ormat Technologies were worth $482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MetLife Investment Management LLC lifted its holdings in Ormat Technologies by 13.8% during the fourth quarter. MetLife Investment Management LLC now owns 65,954 shares of the energy company's stock valued at $4,466,000 after purchasing an additional 8,021 shares in the last quarter. Natixis purchased a new stake in shares of Ormat Technologies in the fourth quarter valued at about $4,701,000. BI Asset Management Fondsmaeglerselskab A S increased its stake in Ormat Technologies by 783.9% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,788 shares of the energy company's stock worth $460,000 after acquiring an additional 6,020 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ormat Technologies by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,586,479 shares of the energy company's stock worth $107,440,000 after acquiring an additional 93,418 shares during the last quarter. Finally, GeoWealth Management LLC grew its position in Ormat Technologies by 21.2% in the 4th quarter. GeoWealth Management LLC now owns 4,775 shares of the energy company's stock valued at $323,000 after acquiring an additional 835 shares in the last quarter. Hedge funds and other institutional investors own 95.49% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Ormat Technologies from $78.00 to $86.00 and gave the company a "buy" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. increased their price target on shares of Ormat Technologies from $71.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, February 28th. StockNews.com raised shares of Ormat Technologies from a "sell" rating to a "hold" rating in a report on Monday, April 7th. Robert W. Baird initiated coverage on shares of Ormat Technologies in a report on Thursday, March 13th. They set a "neutral" rating and a $81.00 price target for the company. Finally, Baird R W raised Ormat Technologies to a "hold" rating in a research note on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $83.56.

Ormat Technologies Stock Performance

Shares of NYSE:ORA traded up $0.40 during trading on Friday, reaching $72.21. 289,684 shares of the company's stock traded hands, compared to its average volume of 485,826. The stock has a market capitalization of $4.38 billion, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 3.18 and a beta of 0.65. Ormat Technologies, Inc. has a 12 month low of $61.58 and a 12 month high of $84.30. The company has a 50 day moving average of $70.72 and a 200-day moving average of $71.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.95 and a quick ratio of 0.87.

Ormat Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Wednesday, March 12th. Ormat Technologies's dividend payout ratio (DPR) is 23.53%.

Insider Buying and Selling

In other news, Director David Granot sold 1,666 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $69.00, for a total value of $114,954.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jessica Woelfel sold 409 shares of Ormat Technologies stock in a transaction dated 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 in the company, valued at approximately $439,682.10. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,242 shares of company stock valued at $156,427 in the last quarter. Company 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.