Dimensional Fund Advisors LP Has $87.02 Million Position in Ormat Technologies, Inc. (ORA)

Dimensional Fund Advisors LP boosted its holdings in Ormat Technologies, Inc. (NYSE:ORA) by 4.0% in the first quarter, HoldingsChannel reports. The firm owned 1,543,463 shares of the energy company’s stock after purchasing an additional 59,441 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Ormat Technologies were worth $87,020,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Orix Corp bought a new position in Ormat Technologies in the fourth quarter valued at $702,829,000. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Ormat Technologies by 13.1% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,236,806 shares of the energy company’s stock valued at $126,111,000 after acquiring an additional 258,900 shares during the period. Renaissance Technologies LLC grew its position in shares of Ormat Technologies by 3.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,316,651 shares of the energy company’s stock valued at $84,213,000 after acquiring an additional 44,494 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Ormat Technologies by 2.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,108,964 shares of the energy company’s stock valued at $62,523,000 after acquiring an additional 22,772 shares during the period. Finally, Impax Asset Management LTD grew its position in shares of Ormat Technologies by 9.2% in the 4th quarter. Impax Asset Management LTD now owns 661,492 shares of the energy company’s stock valued at $42,309,000 after acquiring an additional 55,697 shares during the period. 71.05% of the stock is owned by institutional investors and hedge funds.

Shares of Ormat Technologies opened at $51.89 on Wednesday, according to Marketbeat.com. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.57 billion, a PE ratio of 17.35, a PEG ratio of 2.31 and a beta of 1.32. Ormat Technologies, Inc. has a one year low of $50.43 and a one year high of $70.68.

Ormat Technologies (NYSE:ORA) last posted its earnings results on Friday, March 16th. The energy company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.72. The company had revenue of $166.37 million during the quarter, compared to analysts’ expectations of $169.36 million. Ormat Technologies had a net margin of 24.00% and a return on equity of 11.11%. research analysts forecast that Ormat Technologies, Inc. will post 2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 30th. Stockholders of record on Monday, May 21st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Friday, May 18th. Ormat Technologies’s dividend payout ratio is presently 13.38%.

A number of brokerages have recently commented on ORA. ValuEngine downgraded shares of Ormat Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Zacks Investment Research raised shares of Ormat Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. JPMorgan Chase & Co. downgraded shares of Ormat Technologies from an “overweight” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Monday, May 14th. Oppenheimer reissued a “market perform” rating on shares of Ormat Technologies in a research report on Friday, April 6th. They noted that the move was a valuation call. Finally, UBS Group began coverage on shares of Ormat Technologies in a research report on Friday, March 16th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $69.17.

Ormat Technologies Company Profile

Ormat Technologies, Inc engages in the geothermal and recovered energy power business worldwide. The company operates through Electricity and Product segments. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. This segment also offers energy storage, demand response, and energy management related services.

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

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