Federated Hermes Inc. Sells 225 Shares of Ormat Technologies, Inc. (NYSE:ORA)

Federated Hermes Inc. lessened its stake in shares of Ormat Technologies, Inc. (NYSE:ORA) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,664 shares of the energy company’s stock after selling 225 shares during the period. Federated Hermes Inc.’s holdings in Ormat Technologies were worth $384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in shares of Ormat Technologies by 132.4% in the 4th quarter. Versant Capital Management Inc now owns 402 shares of the energy company’s stock worth $27,000 after buying an additional 229 shares during the period. AlphaQuest LLC lifted its stake in Ormat Technologies by 4,691.7% in the fourth quarter. AlphaQuest LLC now owns 575 shares of the energy company’s stock worth $39,000 after acquiring an additional 563 shares during the period. Headlands Technologies LLC bought a new position in Ormat Technologies during the 4th quarter worth about $66,000. Mendota Financial Group LLC purchased a new position in Ormat Technologies during the 4th quarter valued at about $98,000. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Ormat Technologies in the 4th quarter valued at about $182,000. Institutional investors own 95.49% of the company’s stock.

Insider Buying and Selling at Ormat Technologies

In other Ormat Technologies news, Director David Granot sold 1,666 shares of the firm’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 completion of the transaction, the director now directly owns 1,910 shares of the company’s stock, valued at approximately $131,790. This trade represents a 46.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jessica Woelfel sold 409 shares of Ormat Technologies stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $72.15, for a total value of $29,509.35. Following the transaction, the insider now owns 6,094 shares of the company’s stock, valued at $439,682.10. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,242 shares of company stock worth $156,427. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Baird R W raised shares of Ormat Technologies to a “hold” rating in a report on Thursday, March 13th. Jefferies Financial Group lifted their price target on Ormat Technologies from $78.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, March 25th. Robert W. Baird assumed coverage on Ormat Technologies in a research note on Thursday, March 13th. They set a “neutral” rating and a $81.00 price objective for the company. Piper Sandler started coverage on Ormat Technologies in a research note on Thursday, December 19th. They issued a “neutral” rating and a $78.00 target price on the stock. Finally, StockNews.com raised shares of Ormat Technologies from a “sell” rating to a “hold” rating in a research report on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.56.

Ormat Technologies Price Performance

Shares of ORA stock opened at $71.58 on Friday. Ormat Technologies, Inc. has a fifty-two week low of $61.58 and a fifty-two week high of $84.30. 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 firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 3.18 and a beta of 0.52. The stock’s 50-day simple moving average is $69.27 and its 200-day simple moving average is $72.21.

Ormat Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.67%. The ex-dividend date was Wednesday, March 12th. Ormat Technologies’s dividend payout ratio is presently 23.53%.

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.