Neuberger Berman Group LLC Has $25.79 Million Position in Ormat Technologies, Inc. (NYSE:ORA)

Neuberger Berman Group LLC increased its stake in Ormat Technologies, Inc. (NYSE:ORA) by 1.3% in the 1st quarter, Holdings Channel reports. The firm owned 467,666 shares of the energy company’s stock after purchasing an additional 6,184 shares during the period. Neuberger Berman Group LLC’s holdings in Ormat Technologies were worth $25,792,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Strs Ohio acquired a new position in shares of Ormat Technologies during the fourth quarter worth approximately $52,000. Private Capital Group LLC lifted its holdings in shares of Ormat Technologies by 28.2% during the first quarter. Private Capital Group LLC now owns 941 shares of the energy company’s stock worth $52,000 after buying an additional 207 shares during the last quarter. Psagot Investment House Ltd. lifted its holdings in shares of Ormat Technologies by 16.5% during the fourth quarter. Psagot Investment House Ltd. now owns 2,303 shares of the energy company’s stock worth $120,000 after buying an additional 326 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Ormat Technologies by 5.8% during the fourth quarter. Great West Life Assurance Co. Can now owns 4,956 shares of the energy company’s stock worth $249,000 after buying an additional 270 shares during the last quarter. Finally, United Services Automobile Association lifted its holdings in shares of Ormat Technologies by 11.3% during the fourth quarter. United Services Automobile Association now owns 8,185 shares of the energy company’s stock worth $428,000 after buying an additional 832 shares during the last quarter. Hedge funds and other institutional investors own 75.09% of the company’s stock.

Shares of ORA stock opened at $63.15 on Friday. Ormat Technologies, Inc. has a 12 month low of $45.79 and a 12 month high of $63.30. The company has a market cap of $3.20 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 3.02 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 1.41.

Ormat Technologies (NYSE:ORA) last released its quarterly earnings data on Monday, May 6th. The energy company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $199.04 million for the quarter, compared to analysts’ expectations of $183.62 million. Ormat Technologies had a return on equity of 5.86% and a net margin of 7.41%. Ormat Technologies’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. Equities analysts anticipate that Ormat Technologies, Inc. will post 1.9 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 20th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, May 17th. Ormat Technologies’s dividend payout ratio is presently 21.15%.

A number of research analysts have recently commented on the company. ValuEngine upgraded Ormat Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. lowered Ormat Technologies from an “overweight” rating to a “neutral” rating and set a $60.00 price target for the company. in a report on Wednesday, March 6th.

In other news, VP Nir Wolf sold 1,999 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $62.28, for a total transaction of $124,497.72. Following the sale, the vice president now directly owns 2,166 shares in the company, valued at $134,898.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Granot sold 7,500 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $61.69, for a total value of $462,675.00. Following the completion of the sale, the director now owns 7,500 shares in the company, valued at $462,675. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,099 shares of company stock worth $809,653. 0.81% of the stock is currently owned by company insiders.

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About Ormat Technologies

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity.

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Institutional Ownership by Quarter for Ormat Technologies (NYSE:ORA)

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