Altshuler Shaham Ltd Sells 30,820 Shares of Ormat Technologies, Inc. (NYSE:ORA)

Altshuler Shaham Ltd reduced its position in Ormat Technologies, Inc. (NYSE:ORA) by 91.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,015 shares of the energy company’s stock after selling 30,820 shares during the quarter. Altshuler Shaham Ltd’s holdings in Ormat Technologies were worth $230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORA. Guinness Asset Management LTD grew its stake in Ormat Technologies by 5.7% in the third quarter. Guinness Asset Management LTD now owns 518,360 shares of the energy company’s stock valued at $36,234,000 after purchasing an additional 28,058 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its holdings in Ormat Technologies by 1.2% in the third quarter. Guinness Atkinson Asset Management Inc now owns 15,944 shares of the energy company’s stock valued at $1,115,000 after acquiring an additional 194 shares during the period. LGT Capital Partners LTD. lifted its holdings in Ormat Technologies by 26.6% in the fourth quarter. LGT Capital Partners LTD. now owns 524,710 shares of the energy company’s stock valued at $39,768,000 after acquiring an additional 110,330 shares during the period. Evexia Wealth LLC lifted its holdings in Ormat Technologies by 2.7% in the fourth quarter. Evexia Wealth LLC now owns 6,096 shares of the energy company’s stock valued at $462,000 after acquiring an additional 160 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Ormat Technologies by 25.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 864,232 shares of the energy company’s stock valued at $65,500,000 after acquiring an additional 172,934 shares during the period. 95.49% of the stock is currently owned by institutional investors.

Ormat Technologies Stock Performance

Shares of NYSE:ORA traded up $0.44 during trading on Thursday, reaching $68.93. The company had a trading volume of 745,494 shares, compared to its average volume of 477,109. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 3.16 and a beta of 0.48. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.20 and a quick ratio of 1.12. The stock’s fifty day moving average price is $65.07 and its 200 day moving average price is $66.90. Ormat Technologies, Inc. has a fifty-two week low of $58.73 and a fifty-two week high of $88.26.

Ormat Technologies (NYSE:ORA) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The firm had revenue of $241.30 million for the quarter, compared to analyst estimates of $239.71 million. Ormat Technologies had a return on equity of 5.09% and a net margin of 15.00%. Ormat Technologies’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. As a group, equities research analysts predict that Ormat Technologies, Inc. will post 2.14 EPS for the current year.

Ormat Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. Ormat Technologies’s payout ratio is 22.97%.

Insiders Place Their Bets

In other Ormat Technologies news, Director Stanley Stern sold 1,825 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $66.95, for a total transaction of $122,183.75. Following the sale, the director now directly owns 4,835 shares in the company, valued at $323,703.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

ORA has been the subject of several research analyst reports. TD Cowen reduced their target price on Ormat Technologies from $74.00 to $70.00 and set a “market perform” rating for the company in a research note on Friday, February 23rd. Barclays lowered their target price on Ormat Technologies from $82.00 to $75.00 and set an “equal weight” rating for the company in a report on Monday, February 5th. Finally, Oppenheimer decreased their price objective on Ormat Technologies from $84.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Ormat Technologies presently has a consensus rating of “Hold” and a consensus target price of $81.00.

About Ormat Technologies

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.