Ormat Technologies, Inc. (NYSE:ORA) Holdings Decreased by Schroder Investment Management Group

Schroder Investment Management Group lessened its holdings in Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 92.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 697,376 shares of the energy company's stock after selling 8,649,493 shares during the quarter. Schroder Investment Management Group owned approximately 1.15% of Ormat Technologies worth $47,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its position in Ormat Technologies by 132.4% in the fourth quarter. Versant Capital Management Inc now owns 402 shares of the energy company's stock worth $27,000 after buying an additional 229 shares during the period. AlphaQuest LLC increased its holdings in shares of Ormat Technologies by 4,691.7% in the 4th quarter. AlphaQuest LLC now owns 575 shares of the energy company's stock worth $39,000 after acquiring an additional 563 shares during the period. Mendota Financial Group LLC bought a new stake in Ormat Technologies in the 4th quarter valued at about $98,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Ormat Technologies during the 4th quarter valued at about $182,000. Finally, Raymond James Financial Inc. bought a new position in Ormat Technologies in the 4th quarter worth about $204,000. 95.49% of the stock is owned by institutional investors and hedge funds.

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 Ormat Technologies stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,910 shares in the company, valued at approximately $131,790. This trade represents a 46.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,242 shares of company stock worth $156,427 in the last three months. 1.00% of the stock is currently owned by insiders.

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Ormat Technologies Price Performance

ORA stock traded down $0.44 on Thursday, hitting $70.85. 612,832 shares of the company's stock traded hands, compared to its average volume of 489,255. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 36.15, a P/E/G ratio of 3.18 and a beta of 0.52. Ormat Technologies, Inc. has a 1-year low of $59.41 and a 1-year high of $84.30. The stock has a fifty day moving average of $67.88 and a 200-day moving average of $72.77.

Ormat Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Wednesday, March 12th. Ormat Technologies's dividend payout ratio is presently 23.53%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Ormat Technologies from $71.00 to $75.00 and gave the stock a "neutral" rating in a research report on Friday, February 28th. Baird R W upgraded shares of Ormat Technologies to a "hold" rating in a research report on Thursday, March 13th. Robert W. Baird assumed coverage on shares of Ormat Technologies in a research report on Thursday, March 13th. They set a "neutral" rating and a $81.00 price target on the stock. Jefferies Financial Group increased their price objective 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. Finally, Piper Sandler assumed coverage on shares of Ormat Technologies in a research note on Thursday, December 19th. They set a "neutral" rating and a $78.00 price objective on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $83.56.

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.