XTX Topco Ltd Takes Position in Ormat Technologies, Inc. (NYSE:ORA)

XTX Topco Ltd bought a new stake in Ormat Technologies, Inc. (NYSE:ORA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,537 shares of the energy company's stock, valued at approximately $375,000.

A number of other large investors have also recently bought and sold shares of ORA. Norges Bank acquired a new position in Ormat Technologies in the fourth quarter valued at approximately $62,851,000. Vanguard Group Inc. increased its position in Ormat Technologies by 4.8% in the 4th 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 raised its stake in Ormat Technologies by 7.3% during 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 period. Handelsbanken Fonder AB raised its position in shares of Ormat Technologies by 896.6% during the fourth quarter. Handelsbanken Fonder AB now owns 155,906 shares of the energy company's stock worth $10,558,000 after purchasing an additional 140,262 shares during the period. Finally, RWC Asset Management LLP raised its position in shares of Ormat Technologies by 348.9% during the fourth quarter. RWC Asset Management LLP now owns 165,599 shares of the energy company's stock worth $11,214,000 after purchasing an additional 128,705 shares during the period. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Ormat Technologies news, insider Jessica Woelfel sold 409 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $72.15, for a total value of $29,509.35. Following the completion of the transaction, the insider now directly owns 6,094 shares of the company's stock, valued at $439,682.10. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Granot sold 1,666 shares of the company's 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 completion of the transaction, the director now directly owns 1,910 shares in the company, valued at approximately $131,790. The trade was a 46.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,242 shares of company stock valued at $156,427. Corporate insiders own 0.56% of the company's stock.

Ormat Technologies Stock Performance

Ormat Technologies stock 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 486,639. The firm's fifty day moving average price is $70.28 and its two-hundred day moving average price is $72.05. 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 12-month low of $61.58 and a 12-month high of $84.30. The company has a market capitalization of $4.43 billion, a P/E ratio of 37.31, a PEG ratio of 3.18 and a beta of 0.52.

Ormat Technologies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.66%. Ormat Technologies's payout ratio is 23.53%.

Analyst Upgrades and Downgrades

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

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.