<div id="readability-page-1"><p>Flputnam Investment Management Co. purchased a new stake in  Ormat Technologies, Inc. (NYSE:ORA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities &amp; Exchange Commission. The institutional investor  purchased 4,815 shares of the energy company's stock, valued at approximately $341,000.</p><ul><li>The 6 Best Energy Stocks to Buy Now</li></ul><p>A number of other large investors have also made changes to their positions in ORA. Stuart Chaussee &amp; Associates Inc. purchased a new stake in shares of  Ormat Technologies in the fourth quarter valued at approximately $34,000.  UMB Bank n.a. grew its position in  Ormat Technologies by 42.6% in the first quarter. UMB Bank n.a. now owns 880 shares of the energy company's stock worth $62,000 after acquiring an additional 263 shares during the period.  Signaturefd LLC grew its position in  Ormat Technologies by 60.6% in the first quarter. Signaturefd LLC now owns 890 shares of the energy company's stock worth $63,000 after acquiring an additional 336 shares during the period.  CWM LLC grew its position in  Ormat Technologies by 294.2% in the first quarter. CWM LLC now owns 887 shares of the energy company's stock worth $63,000 after acquiring an additional 662 shares during the period.  Finally, Russell Investments Group Ltd. grew its position in  Ormat Technologies by 30.7% in the first quarter. Russell Investments Group Ltd. now owns 1,072 shares of the energy company's stock worth $76,000 after acquiring an additional 252 shares during the period. 95.49% of the stock is currently owned by hedge funds and other institutional investors. </p><div><p><span></span><span>Get <strong>Ormat Technologies</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><p>Several research analysts recently weighed in on ORA shares. Baird R W upgraded Ormat Technologies from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Wednesday, July 30th. JPMorgan Chase &amp; Co. increased their price objective on Ormat Technologies from $75.00 to $85.00 and gave the stock a &#34;neutral&#34; rating in a research report on Tuesday, July 22nd. Roth Capital  reiterated a &#34;buy&#34; rating and issued a $98.00 price objective (up from $88.00) on shares of Ormat Technologies in a research report on Tuesday, August 5th. Oppenheimer  reiterated an &#34;outperform&#34; rating and issued a $100.00 price objective on shares of Ormat Technologies in a research report on Friday, August 8th. Finally, TD Cowen increased their price objective on Ormat Technologies from $76.00 to $85.00 and gave the stock a &#34;hold&#34; rating in a research report on Friday, August 8th. One investment analyst  has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned  a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $93.30.</p><ul><li>How to Invest in Renewable Energy</li></ul><p><b>Get Our Latest Research Report on ORA</b></p><h2>Ormat Technologies Trading Up 0.1%</h2><p>ORA opened at $91.04 on Thursday. Ormat Technologies, Inc. has a 52 week low of $61.58 and a 52 week high of $95.36. The business has a fifty day simple moving average of $88.91 and a 200-day simple moving average of $78.33. The firm has a market cap of $5.53 billion, a P/E ratio of 42.34, a P/E/G ratio of 4.27 and a beta of 0.69. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.77. </p><p>Ormat Technologies (NYSE:ORA - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The energy company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. Ormat Technologies had a return on equity of 5.47% and a net margin of 14.49%.The business had revenue of $234.02 million during the quarter, compared to analyst estimates of $225.26 million. During the same period last year, the business posted $0.37 earnings per share. The company's quarterly revenue was up 9.9% on a year-over-year basis.  On average, equities analysts expect that  Ormat Technologies, Inc. will post 1.94 earnings per share for the current year. </p><h2>Ormat Technologies Dividend Announcement</h2><p>The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 20th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, August 20th. Ormat Technologies's dividend payout ratio (DPR) is currently 22.33%. </p><h2>Insiders Place Their Bets</h2><p>In other news, insider Jessica Woelfel sold 692 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $94.57, for a total value of $65,442.44. Following the sale, the insider directly owned 5,234 shares in the company, valued at approximately $494,979.38. This trade represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Also, Director Stanley Stern sold 876 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $91.98, for a total value of $80,574.48. Following the completion of the sale, the director owned 5,261 shares in the company, valued at approximately $483,906.78. The trade was a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,976 shares of company stock valued at $1,105,067. 0.56% of the stock is owned by company insiders. </p><h2>Ormat Technologies Company Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Ormat Technologies</li><li>Dividend King Proctor &amp; Gamble Is A Buy On Post-Earnings Weakness </li><li>Back-to-School Shopping Hits $40B: 3 Retail Stocks to Watch Now</li><li>TSX Venture Exchange (Formerly Canadian Venture Exchange)</li><li>Alphabet Stock Surges After Dodging Harsh Antitrust Remedies</li><li>When to Sell a Stock for Profit or Loss</li><li>Why Qualcomm Is Outperforming NVIDIA After Months of Lagging</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9SQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9SQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Ormat Technologies Right Now?</h2><p>Before you consider Ormat Technologies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ormat Technologies wasn't on the list.</p><p>While Ormat Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Flputnam Investment Management Co. acquired a new stake in Ormat Technologies, Inc. (NYSE:ORA) during the first quarter, purchasing 4,815 shares valued at approximately $341,000. Other institutional investors also increased their positions in ORA. Analysts have given Ormat Technologies a consensus rating of "Moderate Buy" with a price target of $93.30. The company reported a quarterly EPS of $0.48, exceeding estimates, and declared a quarterly dividend of $0.12 per share. Ormat's stock opened at $91.04, with a market cap of $5.53 billion.</p>

Flputnam Investment Management Co. Takes Position in Ormat Technologies, Inc. $ORA