Vanguard Group Inc. Has $409.31 Million Stock Holdings in Ormat Technologies, Inc. (NYSE:ORA)

Vanguard Group Inc. grew its stake in shares of Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,043,996 shares of the energy company's stock after purchasing an additional 274,540 shares during the quarter. Vanguard Group Inc. owned approximately 9.99% of Ormat Technologies worth $409,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. grew its stake in Ormat Technologies by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 8,026 shares of the energy company's stock worth $544,000 after buying an additional 160 shares during the last quarter. Bailard Inc. grew its position in shares of Ormat Technologies by 0.9% during 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 during the last quarter. Securian Asset Management Inc. increased its holdings in shares of Ormat Technologies by 5.1% in the 4th quarter. Securian Asset Management Inc. now owns 4,354 shares of the energy company's stock worth $295,000 after acquiring an additional 212 shares during the period. Versant Capital Management Inc lifted its position in Ormat Technologies by 132.4% in the 4th 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 last quarter. Finally, Caprock Group LLC boosted its stake in Ormat Technologies by 4.0% during the 4th quarter. Caprock Group LLC now owns 6,080 shares of the energy company's stock valued at $412,000 after purchasing an additional 235 shares during the period. 95.49% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Ormat Technologies news, insider Jessica Woelfel sold 409 shares of the company's 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 completion of the sale, the insider now directly owns 6,094 shares of the company's stock, valued at approximately $439,682.10. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Granot sold 1,666 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $69.00, for a total transaction 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. The trade was a 46.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,242 shares of company stock worth $156,427. Corporate insiders own 1.00% of the company's stock.

Ormat Technologies Price Performance

NYSE ORA traded down $0.10 on Monday, reaching $68.24. The company's stock had a trading volume of 909,480 shares, compared to its average volume of 493,876. Ormat Technologies, Inc. has a twelve month low of $59.41 and a twelve month high of $84.30. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.95. The firm's 50 day moving average is $68.12 and its two-hundred day moving average is $72.62. The stock has a market cap of $4.14 billion, a PE ratio of 34.82, a PEG ratio of 3.18 and a beta of 0.52.

Ormat Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Wednesday, March 12th. Ormat Technologies's dividend payout ratio is presently 23.53%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Baird R W upgraded shares of Ormat Technologies to a "hold" rating in a research note on Thursday, March 13th. Piper Sandler began coverage on Ormat Technologies in a research report on Thursday, December 19th. They issued a "neutral" rating and a $78.00 target price on the stock. StockNews.com upgraded Ormat Technologies from a "sell" rating to a "hold" rating in a research report on Monday. Robert W. Baird initiated coverage on Ormat Technologies in a report on Thursday, March 13th. They set a "neutral" rating and a $81.00 price target on the stock. Finally, Jefferies Financial Group upped their price objective 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. Seven 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, Ormat Technologies presently has an average rating of "Hold" and an average price target of $83.56.

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.