15,100 Shares in Ormat Technologies, Inc. (NYSE:ORA) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Ormat Technologies, Inc. (NYSE:ORA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 15,100 shares of the energy company’s stock, valued at approximately $1,144,000.

A number of other large investors also recently added to or reduced their stakes in ORA. SG Americas Securities LLC lifted its holdings in Ormat Technologies by 622.8% in the 3rd quarter. SG Americas Securities LLC now owns 20,787 shares of the energy company’s stock worth $1,453,000 after purchasing an additional 17,911 shares in the last quarter. LGT Capital Partners LTD. raised its holdings in shares of Ormat Technologies by 6.0% during the 3rd quarter. LGT Capital Partners LTD. now owns 414,380 shares of the energy company’s stock worth $28,973,000 after acquiring an additional 23,300 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of Ormat Technologies during the 3rd quarter worth approximately $230,000. Ballentine Partners LLC purchased a new stake in shares of Ormat Technologies during the 3rd quarter worth approximately $317,000. Finally, Raymond James & Associates raised its holdings in shares of Ormat Technologies by 3.0% during the 3rd quarter. Raymond James & Associates now owns 10,923 shares of the energy company’s stock worth $764,000 after acquiring an additional 317 shares in the last quarter. 95.49% of the stock is owned by hedge funds and other institutional investors.

Ormat Technologies Stock Up 0.9 %

Shares of ORA opened at $65.17 on Wednesday. The company has a market cap of $3.94 billion, a PE ratio of 31.18, a P/E/G ratio of 2.98 and a beta of 0.48. The business has a fifty day moving average of $65.02 and a 200 day moving average of $67.05. Ormat Technologies, Inc. has a 52-week low of $58.73 and a 52-week high of $88.64. The company has a quick ratio of 1.12, a current ratio of 1.20 and a debt-to-equity ratio of 0.64.

Ormat Technologies (NYSE:ORA) last issued 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 company had revenue of $241.30 million during the quarter, compared to the consensus estimate of $239.71 million. Ormat Technologies had a return on equity of 5.09% and a net margin of 15.00%. Ormat Technologies’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. On average, sell-side analysts expect that Ormat Technologies, Inc. will post 2.14 EPS for the current year.

Ormat Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were paid 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 0.74%. 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 stock in a transaction 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 sale, the director now owns 4,835 shares in the company, valued at $323,703.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. TD Cowen decreased their price objective on Ormat Technologies from $74.00 to $70.00 and set a “market perform” rating on the stock in a report on Friday, February 23rd. Barclays decreased their price objective on Ormat Technologies from $82.00 to $75.00 and set an “equal weight” rating on the stock 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 on the stock in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $81.00.

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.