69,413 Shares in Ormat Technologies, Inc. (NYSE:ORA) Bought by Natixis

Natixis purchased a new stake in Ormat Technologies, Inc. (NYSE:ORA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 SEC filing.

Several other hedge funds have also recently bought and sold shares of ORA. Pacer Advisors Inc. boosted its position 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 acquiring an additional 160 shares during the last quarter. Bailard Inc. increased its position in shares of Ormat Technologies by 0.9% in the fourth quarter. Bailard Inc. now owns 19,446 shares of the energy company's stock worth $1,317,000 after acquiring an additional 169 shares in the last quarter. Securian Asset Management Inc. lifted its stake in shares of Ormat Technologies by 5.1% during the fourth quarter. Securian Asset Management Inc. now owns 4,354 shares of the energy company's stock worth $295,000 after purchasing an additional 212 shares in the last quarter. Versant Capital Management Inc raised its stake 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 purchasing an additional 229 shares during the period. Finally, Caprock Group LLC grew its stake in shares of Ormat Technologies by 4.0% during the fourth 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 in the last quarter. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Ormat Technologies Stock Up 0.6 %

Shares of ORA traded up $0.40 during mid-day trading on Friday, reaching $73.12. The company's stock had a trading volume of 264,000 shares, compared to its average volume of 486,544. The business has a fifty day moving average of $70.13 and a 200 day moving average of $72.07. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 3.18 and a beta of 0.52. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.73. Ormat Technologies, Inc. has a 1 year low of $61.58 and a 1 year high of $84.30.

Ormat Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ORA shares. Baird R W upgraded Ormat Technologies to a "hold" rating in a research note on Thursday, March 13th. Jefferies Financial Group increased their target price 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. Robert W. Baird began coverage on Ormat Technologies in a research report on Thursday, March 13th. They set a "neutral" rating and a $81.00 price objective for the company. StockNews.com upgraded shares of Ormat Technologies from a "sell" rating to a "hold" rating in a research report on Monday, April 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of 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 assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $83.56.

Insider Activity

In other news, insider Jessica Woelfel sold 409 shares of the 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 transaction, the insider now owns 6,094 shares in the company, valued at $439,682.10. This represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $114,954.00. Following the transaction, the director now directly owns 1,910 shares in the company, valued at $131,790. The trade was a 46.59 % 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 worth $156,427 in the last ninety days. Corporate insiders own 0.56% of the company's stock.

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.