Empower Advisory Group LLC Raises Holdings in Ormat Technologies, Inc. (NYSE:ORA)

06 Aug 2025, 06:31 by Scott Moore · The Cerbat Gem

Empower Advisory Group LLC boosted its holdings in shares of Ormat Technologies, Inc. (NYSE:ORA – Free Report) by 6.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 215,327 shares of the energy company’s stock after acquiring an additional 13,061 shares during the quarter. Empower Advisory Group LLC’s holdings in Ormat Technologies were worth $15,239,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Ormat Technologies by 273,109.4% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 956,233 shares of the energy company’s stock worth $67,673,000 after purchasing an additional 955,883 shares during the last quarter. Soros Fund Management LLC purchased a new position in Ormat Technologies in the fourth quarter worth $10,158,000. Handelsbanken Fonder AB grew its holdings in Ormat Technologies by 66.3% in the first quarter. Handelsbanken Fonder AB now owns 259,258 shares of the energy company’s stock worth $18,348,000 after purchasing an additional 103,352 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Ormat Technologies by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,586,479 shares of the energy company’s stock worth $107,440,000 after purchasing an additional 93,418 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Ormat Technologies by 11.7% in the fourth quarter. Northern Trust Corp now owns 858,674 shares of the energy company’s stock worth $58,149,000 after purchasing an additional 90,100 shares during the last quarter. 95.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ormat Technologies news, Director David Granot sold 950 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $73.10, for a total value of $69,445.00. Following the sale, the director directly owned 2,713 shares of the company’s stock, valued at approximately $198,320.30. This represents a 25.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Byron G. Wong sold 460 shares of the company’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $84.04, for a total transaction of $38,658.40. Following the completion of the transaction, the director owned 8,659 shares of the company’s stock, valued at approximately $727,702.36. This trade represents a 5.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,329 shares of company stock valued at $423,443 in the last 90 days. 0.56% of the stock is currently owned by insiders.

Ormat Technologies Trading Down 3.7%

NYSE:ORA opened at $85.14 on Wednesday. The company has a market capitalization of $5.16 billion, a P/E ratio of 41.33, a PEG ratio of 4.26 and a beta of 0.68. The firm has a fifty day simple moving average of $84.12 and a 200-day simple moving average of $74.57. Ormat Technologies, Inc. has a 12 month low of $61.58 and a 12 month high of $91.81. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 0.77.

Ormat Technologies (NYSE:ORA – Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.58 by $0.10. Ormat Technologies had a net margin of 14.18% and a return on equity of 5.35%. The company had revenue of $229.76 million for the quarter, compared to analyst estimates of $228.33 million. During the same period in the prior year, the company earned $0.64 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Ormat Technologies, Inc. will post 1.94 earnings per share for the current year.

Ormat Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, May 21st. Ormat Technologies’s dividend payout ratio is presently 23.30%.

Analysts Set New Price Targets

Several equities analysts have issued reports on ORA shares. Baird R W raised shares of Ormat Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. UBS Group lifted their price target on shares of Ormat Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Roth Capital reaffirmed a “buy” rating and issued a $98.00 price target (up from $88.00) on shares of Ormat Technologies in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Ormat Technologies from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird upgraded shares of Ormat Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $87.00 to $103.00 in a research note on Wednesday, July 30th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

View Our Latest Report on ORA

Ormat Technologies Company Profile

(Free Report)

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