Mutual of America Capital Management LLC Has $2.24 Million Stake in Ormat Technologies, Inc. (NYSE:ORA)

Mutual of America Capital Management LLC decreased its position in Ormat Technologies, Inc. (NYSE:ORA) by 5.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,079 shares of the energy company’s stock after selling 1,712 shares during the period. Mutual of America Capital Management LLC’s holdings in Ormat Technologies were worth $2,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORA. Mizuho Markets Americas LLC lifted its position in Ormat Technologies by 5.8% during the 3rd quarter. Mizuho Markets Americas LLC now owns 151,211 shares of the energy company’s stock worth $11,634,000 after buying an additional 8,317 shares in the last quarter. Nicola Wealth Management LTD. lifted its position in shares of Ormat Technologies by 10.0% during the third quarter. Nicola Wealth Management LTD. now owns 44,000 shares of the energy company’s stock worth $3,385,000 after purchasing an additional 4,000 shares in the last quarter. Empower Advisory Group LLC grew its stake in shares of Ormat Technologies by 4.5% during the third quarter. Empower Advisory Group LLC now owns 194,680 shares of the energy company’s stock valued at $14,979,000 after purchasing an additional 8,403 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Ormat Technologies by 4.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 26,554 shares of the energy company’s stock valued at $2,043,000 after purchasing an additional 1,125 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in Ormat Technologies by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,221 shares of the energy company’s stock worth $478,000 after purchasing an additional 420 shares during the last quarter. 95.49% of the stock is owned by institutional investors.

Ormat Technologies Stock Up 0.8 %

Shares of NYSE:ORA opened at $80.74 on Monday. The company has a 50 day moving average price of $78.26 and a two-hundred day moving average price of $75.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.95. The company has a market capitalization of $4.88 billion, a PE ratio of 41.19, a PEG ratio of 4.14 and a beta of 0.53. Ormat Technologies, Inc. has a 52 week low of $59.41 and a 52 week high of $84.30.

Ormat Technologies (NYSE:ORA) last released its earnings results on Wednesday, November 6th. The energy company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The firm had revenue of $211.80 million during the quarter, compared to analysts’ expectations of $215.53 million. Ormat Technologies had a return on equity of 5.27% and a net margin of 13.33%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. Analysts forecast that Ormat Technologies, Inc. will post 1.93 earnings per share for the current year.

Ormat Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Wednesday, November 20th. Ormat Technologies’s dividend payout ratio (DPR) is 24.49%.

Analyst Ratings Changes

ORA has been the subject of several research reports. Oppenheimer lifted their target price on Ormat Technologies from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Roth Mkm reissued a “buy” rating and set a $92.00 price objective (up from $87.00) on shares of Ormat Technologies in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Ormat Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.50.

Insider Transactions at Ormat Technologies

In other news, Director Byron G. Wong sold 1,266 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $74.98, for a total transaction of $94,924.68. Following the transaction, the director now directly owns 6,906 shares in the company, valued at $517,811.88. The trade was a 15.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company’s stock.

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.