Eagle Global Advisors LLC grew its stake in Ormat Technologies, Inc. (NYSE:ORA) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,700 shares of the energy company’s stock after acquiring an additional 1,800 shares during the quarter. Eagle Global Advisors LLC’s holdings in Ormat Technologies were worth $1,068,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Ormat Technologies by 27.7% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,977,906 shares of the energy company’s stock worth $126,507,000 after acquiring an additional 429,123 shares during the last quarter. Cortina Asset Management LLC increased its stake in shares of Ormat Technologies by 0.6% in the 4th quarter. Cortina Asset Management LLC now owns 133,718 shares of the energy company’s stock worth $8,553,000 after acquiring an additional 846 shares during the last quarter. Navellier & Associates Inc acquired a new stake in shares of Ormat Technologies in the 4th quarter worth $351,000. Orix Corp acquired a new stake in shares of Ormat Technologies in the 4th quarter worth $702,829,000. Finally, FDx Advisors Inc. acquired a new stake in shares of Ormat Technologies in the 4th quarter worth $535,000. 68.53% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on ORA. Zacks Investment Research cut Ormat Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. TheStreet upgraded Ormat Technologies from a “c+” rating to a “b-” rating in a 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 report on Monday, November 13th. Cowen reiterated a “buy” rating and set a $75.00 price target on shares of Ormat Technologies in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. increased their price target on Ormat Technologies from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $71.14.
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Ormat Technologies Company Profile
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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