Ormat Technologies, Inc. (NYSE:ORA) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Ormat Technologies, Inc. (NYSE:ORA) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,168 shares of the energy company’s stock after selling 1,674 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Ormat Technologies worth $2,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Impax Asset Management Group plc lifted its holdings in Ormat Technologies by 15.0% in the 4th quarter. Impax Asset Management Group plc now owns 2,638,182 shares of the energy company’s stock valued at $199,004,000 after acquiring an additional 343,650 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Ormat Technologies by 8.0% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 4,977 shares of the energy company’s stock valued at $380,000 after buying an additional 370 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in Ormat Technologies during the fourth quarter valued at about $257,000. Bridge Creek Capital Management LLC lifted its stake in Ormat Technologies by 1.7% during the fourth quarter. Bridge Creek Capital Management LLC now owns 35,821 shares of the energy company’s stock valued at $2,715,000 after buying an additional 588 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in Ormat Technologies during the fourth quarter valued at about $399,000. 95.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Stanley Stern sold 1,825 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $66.95, for a total value of $122,183.75. Following the transaction, the director now owns 4,835 shares in the company, valued at $323,703.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen reduced their price objective on shares of 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 reduced their price objective on shares of Ormat Technologies from $82.00 to $75.00 and set an “equal weight” rating for the company in a research note on Monday, February 5th. Finally, Oppenheimer reduced their price objective on shares of 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $81.00.

Ormat Technologies Price Performance

NYSE ORA opened at $63.78 on Friday. The company has a 50 day simple moving average of $65.08 and a 200-day simple moving average of $67.08. 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 firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 2.86 and a beta of 0.48. Ormat Technologies, Inc. has a 52-week low of $58.73 and a 52-week high of $88.64.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $241.30 million during the quarter, compared to analyst estimates of $239.71 million. Ormat Technologies had a net margin of 15.00% and a return on equity of 5.09%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. Equities research analysts predict that Ormat Technologies, Inc. will post 2.2 earnings per share for the current fiscal year.

Ormat Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were issued a $0.12 dividend. 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 0.75%. Ormat Technologies’s dividend payout ratio is currently 22.97%.

Ormat Technologies Company Profile

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.