Tudor Investment Corp ET AL Invests $2.14 Million in Ormat Technologies, Inc. (NYSE:ORA)

Tudor Investment Corp ET AL bought a new stake in Ormat Technologies, Inc. (NYSE:ORA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 31,659 shares of the energy company's stock, valued at approximately $2,144,000. Tudor Investment Corp ET AL owned about 0.05% of Ormat Technologies at the end of the most recent quarter.

Several other large investors have also modified their holdings of ORA. Vanguard Group Inc. lifted 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 valued at $409,305,000 after buying an additional 274,540 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Ormat Technologies by 7.3% in the 4th 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 during the last quarter. Dimensional Fund Advisors LP increased its position in Ormat Technologies by 6.3% in 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 during the period. Geode Capital Management LLC lifted its position in Ormat Technologies by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 1,373,426 shares of the energy company's stock valued at $93,029,000 after purchasing an additional 72,135 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Ormat Technologies during the fourth quarter worth approximately $62,851,000. 95.49% of the stock is currently owned by hedge funds and other institutional investors.

Ormat Technologies Stock Performance

Shares of ORA traded up $0.39 during mid-day trading on Friday, hitting $74.50. 118,054 shares of the company traded hands, compared to its average volume of 485,028. 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 cap of $4.52 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 3.18 and a beta of 0.65. The stock has a 50-day moving average price of $71.00 and a two-hundred day moving average price of $71.76.

Ormat Technologies (NYSE:ORA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.10. Ormat Technologies had a return on equity of 5.27% and a net margin of 13.33%. The business had revenue of $229.76 million during the quarter, compared to analyst estimates of $228.33 million. During the same quarter in the prior year, the business posted $0.64 EPS. Ormat Technologies's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Ormat Technologies, Inc. will post 1.94 earnings per share for the current year.

Ormat Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued 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 yield of 0.64%. 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 stock in a transaction dated Monday, March 3rd. The shares were 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 trade represents a 46.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jessica Woelfel sold 409 shares of the business's stock in a transaction that occurred 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 directly owns 6,094 shares in the company, valued at $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. Over the last three months, insiders have sold 2,242 shares of company stock valued at $156,427. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on ORA shares. Barclays boosted their price target on shares of Ormat Technologies from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on Ormat Technologies from $71.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, February 28th. StockNews.com raised Ormat Technologies from a "sell" rating to a "hold" rating in a research report on Monday, April 7th. Jefferies Financial Group boosted their price target on Ormat Technologies from $78.00 to $86.00 and gave the stock a "buy" rating in a research report on Tuesday, March 25th. Finally, Robert W. Baird began 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. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $84.33.

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.