Neuberger Berman Group LLC grew its position in shares of Ormat Technologies, Inc. (NYSE:ORA) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 580,576 shares of the energy company’s stock after purchasing an additional 7,576 shares during the period. Neuberger Berman Group LLC owned approximately 1.15% of Ormat Technologies worth $35,444,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. California Public Employees Retirement System grew its position in shares of Ormat Technologies by 12.7% during the third quarter. California Public Employees Retirement System now owns 74,862 shares of the energy company’s stock valued at $4,570,000 after purchasing an additional 8,462 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Ormat Technologies by 8.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 180,535 shares of the energy company’s stock valued at $11,022,000 after purchasing an additional 14,571 shares in the last quarter. Impax Asset Management LTD grew its position in Ormat Technologies by 21.4% in the third quarter. Impax Asset Management LTD now owns 605,795 shares of the energy company’s stock worth $36,984,000 after acquiring an additional 106,654 shares in the last quarter. Investec Asset Management LTD grew its position in Ormat Technologies by 4.2% in the third quarter. Investec Asset Management LTD now owns 44,584 shares of the energy company’s stock worth $2,722,000 after acquiring an additional 1,797 shares in the last quarter. Finally, Impax Asset Management AIFM Ltd grew its position in Ormat Technologies by 2.1% in the third quarter. Impax Asset Management AIFM Ltd now owns 289,712 shares of the energy company’s stock worth $17,687,000 after acquiring an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 46.34% of the company’s stock.

Ormat Technologies, Inc. (NYSE ORA) opened at $63.28 on Thursday. The company has a market capitalization of $3,181.04, a PE ratio of 27.82, a P/E/G ratio of 2.11 and a beta of 1.23. Ormat Technologies, Inc. has a 12-month low of $51.44 and a 12-month high of $66.46. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.72 and a quick ratio of 1.62.

Ormat Technologies (NYSE:ORA) last released its quarterly earnings results on Tuesday, November 7th. The energy company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.06). The company had revenue of $157.20 million during the quarter, compared to analysts’ expectations of $159.02 million. Ormat Technologies had a return on equity of 9.41% and a net margin of 16.99%. The company’s revenue was down 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. analysts expect that Ormat Technologies, Inc. will post 2.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 21st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, November 20th. Ormat Technologies’s payout ratio is currently 13.73%.

Several research analysts recently commented on the company. Oppenheimer reiterated a “buy” rating and issued a $70.00 price target (up previously from $65.00) on shares of Ormat Technologies in a research report on Wednesday, September 27th. TheStreet upgraded Ormat Technologies from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Roth Capital set a $70.00 price target on Ormat Technologies and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Zacks Investment Research upgraded Ormat Technologies from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $67.86.

In other Ormat Technologies news, VP Erez Klein sold 18,068 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $58.10, for a total value of $1,049,750.80. Following the completion of the sale, the vice president now owns 9,753 shares of the company’s stock, valued at $566,649.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Bob Sullivan sold 9,890 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $62.89, for a total transaction of $621,982.10. Following the completion of the sale, the executive vice president now directly owns 9,890 shares of the company’s stock, valued at approximately $621,982.10. The disclosure for this sale can be found here. In the last three months, insiders sold 74,040 shares of company stock valued at $4,409,349. 14.74% of the stock is owned by insiders.

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About Ormat Technologies

Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.

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

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