Ormat Technologies, Inc. (NYSE:ORA) Shares Sold by Victory Capital Management Inc. – Defense World
Posted by admin on Aug 21st, 2022 
Victory Capital Management Inc. lowered its holdings in Ormat Technologies, Inc. (NYSE:ORA – Get Rating) by 4.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,393 shares of the energy company’s stock after selling 230 shares during the quarter. Victory Capital Management Inc.’s holdings in Ormat Technologies were worth $419,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ORA. Envestnet Asset Management Inc. lifted its holdings in Ormat Technologies by 14.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,332 shares of the energy company’s stock valued at $978,000 after acquiring an additional 1,591 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Ormat Technologies by 33.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,193 shares of the energy company’s stock valued at $1,036,000 after acquiring an additional 3,270 shares during the period. Northern Trust Corp lifted its holdings in Ormat Technologies by 17.4% in the fourth quarter. Northern Trust Corp now owns 579,340 shares of the energy company’s stock valued at $45,941,000 after acquiring an additional 85,961 shares during the period. ProShare Advisors LLC raised its stake in shares of Ormat Technologies by 70.4% during the 4th quarter. ProShare Advisors LLC now owns 9,900 shares of the energy company’s stock worth $785,000 after buying an additional 4,091 shares during the last quarter. Finally, Trillium Asset Management LLC raised its stake in shares of Ormat Technologies by 5.1% during the 4th quarter. Trillium Asset Management LLC now owns 323,861 shares of the energy company’s stock worth $25,682,000 after buying an additional 15,770 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.
Ormat Technologies stock opened at $94.40 on Friday. The stock has a market cap of $5.28 billion, a PE ratio of 83.54, a P/E/G ratio of 6.86 and a beta of 0.51. The stock has a 50-day moving average price of $81.99 and a 200 day moving average price of $78.74. Ormat Technologies, Inc. has a 52 week low of $60.32 and a 52 week high of $98.11. The company has a current ratio of 1.66, a quick ratio of 1.57 and a debt-to-equity ratio of 0.82.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, August 16th. Ormat Technologies’s dividend payout ratio is presently 42.48%.
Several research firms have recently issued reports on ORA. StockNews.com raised Ormat Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, August 4th. Cowen lifted their price target on Ormat Technologies to $84.00 in a research note on Tuesday, August 9th. Oppenheimer lifted their price target on Ormat Technologies from $85.00 to $97.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Finally, JPMorgan Chase & Co. lifted their price target on Ormat Technologies from $90.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $88.25.
In related news, Director Isaac Angel sold 19,000 shares of Ormat Technologies stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $83.90, for a total transaction of $1,594,100.00. Following the completion of the sale, the director now owns 39,615 shares in the company, valued at approximately $3,323,698.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Ormat Technologies news, Director Stanley Stern sold 7,500 shares of Ormat Technologies stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $96.85, for a total value of $726,375.00. Following the completion of the sale, the director now owns 6,037 shares in the company, valued at approximately $584,683.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Isaac Angel sold 19,000 shares of Ormat Technologies stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $83.90, for a total value of $1,594,100.00. Following the completion of the sale, the director now owns 39,615 shares of the company’s stock, valued at approximately $3,323,698.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,661 shares of company stock worth $4,065,340. 1.30% of the stock is owned by corporate insiders.
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Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through 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.
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