Citigroup Inc. Sells 261,079 Shares of Ormat Technologies, Inc. $ORA

Citigroup Inc. lessened its holdings in Ormat Technologies, Inc. (NYSE:ORA) by 68.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,653 shares of the energy company’s stock after selling 261,079 shares during the period. Citigroup Inc. owned 0.20% of Ormat Technologies worth $11,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ORA. AQR Capital Management LLC increased its holdings in shares of Ormat Technologies by 324.1% in the first quarter. AQR Capital Management LLC now owns 24,918 shares of the energy company’s stock valued at $1,740,000 after purchasing an additional 19,043 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Ormat Technologies during the 1st quarter worth about $243,000. Empowered Funds LLC boosted its holdings in shares of Ormat Technologies by 7.3% during the 1st quarter. Empowered Funds LLC now owns 4,201 shares of the energy company’s stock worth $297,000 after buying an additional 286 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Ormat Technologies by 22.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 234,467 shares of the energy company’s stock valued at $16,593,000 after buying an additional 43,483 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Ormat Technologies by 10.5% in the 1st quarter. Intech Investment Management LLC now owns 24,592 shares of the energy company’s stock valued at $1,740,000 after acquiring an additional 2,329 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.

Ormat Technologies News Summary

Here are the key news stories impacting Ormat Technologies this week:

• Positive Sentiment: Q4 results: Revenue rose 19.6% to $276.0M and beat estimates; EPS met consensus. Management issued 2026 revenue guidance of up to $1.16B (about 14.6% growth), which supports topline momentum and longer‑term growth expectations. Zacks: ORA Q4 Earnings Meet Estimates
• Positive Sentiment: Company is expanding its PPA (power purchase agreement) portfolio and investing in EGS (enhanced geothermal systems), initiatives management flagged as drivers of mid‑term revenue growth. Seeking Alpha: Ormat expects 14.6% revenue growth
• Neutral Sentiment: Management released the earnings slide deck and call materials (presentation and transcript available), useful for investors assessing segment dynamics and project pipeline. Earnings Presentation Earnings Transcript
• Neutral Sentiment: Board declared a modest quarterly dividend of $0.12 per share (ex‑dividend March 10), which is income‑supportive but small relative to total return expectations.
• Negative Sentiment: Analysts trimmed price targets: Robert W. Baird cut its target from $143 to $130 (still Outperform) and TD Cowen trimmed its target from $131 to $125 (still Buy). Those reductions can sap near‑term upside and trigger selling. Benzinga: Baird PT Cut
• Negative Sentiment: Coverage and commentary on recent share‑price volatility and valuation have raised investor caution — ORA carries a high P/E and investors may be taking profits after the run, amplifying downward pressure. Yahoo Finance: Valuation After Volatility

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ORA shares. TD Cowen reduced their price objective on Ormat Technologies from $131.00 to $125.00 and set a “buy” rating for the company in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Ormat Technologies in a report on Thursday, January 22nd. Jefferies Financial Group lowered Ormat Technologies from a “buy” rating to a “hold” rating and upped their price objective for the company from $125.00 to $130.00 in a report on Friday, February 13th. UBS Group reissued a “buy” rating and set a $148.00 target price on shares of Ormat Technologies in a report on Wednesday, February 4th. Finally, Oppenheimer boosted their target price on shares of Ormat Technologies from $125.00 to $136.00 and gave the company an “outperform” rating in a research report on Tuesday, January 27th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

Ormat Technologies Price Performance

Shares of NYSE ORA opened at $103.68 on Friday. The business has a fifty day moving average price of $118.47 and a two-hundred day moving average price of $108.22. The stock has a market capitalization of $6.30 billion, a PE ratio of 51.58, a P/E/G ratio of 4.20 and a beta of 0.77. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.77 and a quick ratio of 0.70. Ormat Technologies, Inc. has a fifty-two week low of $64.39 and a fifty-two week high of $132.58.

Ormat Technologies (NYSE:ORA) last released its earnings results on Wednesday, February 25th. The energy company reported $0.67 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $276.04 million for the quarter, compared to analyst estimates of $257.75 million. Ormat Technologies had a return on equity of 5.24% and a net margin of 12.52%.Ormat Technologies’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. As a group, equities analysts predict that Ormat Technologies, Inc. will post 1.94 earnings per share for the current fiscal year.

Ormat Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a $0.12 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.5%. Ormat Technologies’s payout ratio is presently 23.88%.

About Ormat Technologies

Ormat Technologies, Inc is a leading renewable energy company specializing in geothermal and recovered energy power plants. Through its vertically integrated business model, Ormat designs, develops, engineers, constructs, owns and operates clean energy projects worldwide. The company’s core technology centers on the Organic Rankine Cycle (ORC), which converts heat from geothermal sources or industrial waste streams into sustainable electricity without combustion.

Ormat’s offering includes turnkey power plant solutions, proprietary ORC equipment and ongoing operations and maintenance services.