Ormat Technologies, Inc. (NYSE:ORA) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its position in shares of Ormat Technologies, Inc. (NYSE:ORA - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 293,539 shares of the energy company's stock after selling 14,946 shares during the quarter. Trillium Asset Management LLC owned approximately 0.49% of Ormat Technologies worth $19,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ORA. Erste Asset Management GmbH acquired a new position in shares of Ormat Technologies during the 3rd quarter valued at about $19,096,000. Impax Asset Management Group plc lifted its position in Ormat Technologies by 7.3% in the fourth quarter. Impax Asset Management Group plc now owns 2,415,479 shares of the energy company's stock valued at $162,586,000 after buying an additional 163,505 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its position in Ormat Technologies by 6.1% in the third quarter. Global Alpha Capital Management Ltd. now owns 2,446,624 shares of the energy company's stock valued at $188,125,000 after buying an additional 140,882 shares during the last quarter. Handelsbanken Fonder AB lifted its position in Ormat Technologies by 896.6% in the fourth quarter. Handelsbanken Fonder AB now owns 155,906 shares of the energy company's stock valued at $10,558,000 after buying an additional 140,262 shares during the last quarter. Finally, RWC Asset Management LLP lifted its position in Ormat Technologies by 348.9% in the fourth quarter. RWC Asset Management LLP now owns 165,599 shares of the energy company's stock valued at $11,214,000 after buying an additional 128,705 shares during the last quarter. Institutional investors and hedge funds own 95.49% of the company's stock.

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Ormat Technologies Trading Down 0.5 %

NYSE:ORA traded down $0.35 on Friday, reaching $71.67. 890,284 shares of the company's stock were exchanged, compared to its average volume of 470,421. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 36.57, a price-to-earnings-growth ratio of 3.18 and a beta of 0.51. The business has a fifty day moving average of $67.23 and a 200-day moving average of $72.93. Ormat Technologies, Inc. has a 52-week low of $59.41 and a 52-week high of $84.30.

Ormat Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.67%. Ormat Technologies's payout ratio is 23.53%.

Insider Buying and Selling

In related news, Director David Granot sold 1,666 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $69.00, for a total transaction of $114,954.00. Following the sale, the director now directly owns 1,910 shares in the company, valued at approximately $131,790. This represents a 46.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jessica Woelfel sold 409 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $72.15, for a total transaction of $29,509.35. Following the sale, the insider now owns 6,094 shares in the company, valued at $439,682.10. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on ORA. Baird R W raised shares of Ormat Technologies to a "hold" rating in a research report on Thursday, March 13th. Robert W. Baird began coverage on shares of Ormat Technologies in a research report on Thursday, March 13th. They issued a "neutral" rating and a $81.00 target price on the stock. Piper Sandler began coverage on shares of Ormat Technologies in a research report on Thursday, December 19th. They issued a "neutral" rating and a $78.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of Ormat Technologies from $71.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group raised shares of Ormat Technologies from a "hold" rating to a "buy" rating and upped their target price for the company from $73.00 to $78.00 in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $82.67.

Ormat Technologies 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.