Barclays PLC reduced its stake in shares of Ormat Technologies, Inc. (NYSE:ORA) by 85.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,499 shares of the energy company’s stock after selling 14,776 shares during the period. Barclays PLC’s holdings in Ormat Technologies were worth $131,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Clean Yield Group acquired a new position in Ormat Technologies in the fourth quarter valued at approximately $51,000. Strs Ohio acquired a new position in Ormat Technologies in the fourth quarter valued at approximately $52,000. Atlantic Trust LLC acquired a new position in Ormat Technologies in the third quarter valued at approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ormat Technologies by 15.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,775 shares of the energy company’s stock valued at $197,000 after acquiring an additional 506 shares during the last quarter. Finally, Highland Capital Management LP acquired a new position in Ormat Technologies in the third quarter valued at approximately $216,000. Institutional investors and hedge funds own 75.35% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research cut Ormat Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. ValuEngine upgraded Ormat Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. cut Ormat Technologies from an “overweight” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.25.

ORA opened at $55.44 on Wednesday. Ormat Technologies, Inc. has a one year low of $45.79 and a one year high of $60.26. The company has a market capitalization of $2.84 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 2.47 and a beta of 1.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.18 and a current ratio of 1.31.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Ormat Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. Ormat Technologies’s dividend payout ratio is currently 21.15%.

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Ormat Technologies Profile

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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