Bridge Creek Capital Management LLC cut its position in Ormat Technologies, Inc. (NYSE:ORA) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,638 shares of the energy company’s stock after selling 840 shares during the period. Bridge Creek Capital Management LLC owned approximately 0.07% of Ormat Technologies worth $2,805,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ORA. Prudential Financial Inc. raised its holdings in shares of Ormat Technologies by 3.8% during the second quarter. Prudential Financial Inc. now owns 4,367 shares of the energy company’s stock valued at $277,000 after purchasing an additional 160 shares during the last quarter. Somerville Kurt F raised its holdings in shares of Ormat Technologies by 1.5% during the third quarter. Somerville Kurt F now owns 13,455 shares of the energy company’s stock valued at $1,000,000 after purchasing an additional 200 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Ormat Technologies by 20.3% during the second quarter. Public Employees Retirement System of Ohio now owns 1,383 shares of the energy company’s stock valued at $88,000 after purchasing an additional 233 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Ormat Technologies by 12.2% during the second quarter. Royal Bank of Canada now owns 3,653 shares of the energy company’s stock valued at $230,000 after purchasing an additional 398 shares during the last quarter. Finally, LGT Capital Partners LTD. raised its holdings in shares of Ormat Technologies by 1.5% during the third quarter. LGT Capital Partners LTD. now owns 39,780 shares of the energy company’s stock valued at $2,955,000 after purchasing an additional 600 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

NYSE ORA traded up $0.07 during trading hours on Tuesday, hitting $76.28. 67,776 shares of the company’s stock traded hands, compared to its average volume of 144,296. The business’s fifty day moving average price is $75.86 and its two-hundred day moving average price is $72.33. The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $3.82 billion, a P/E ratio of 36.67, a P/E/G ratio of 3.14 and a beta of 1.01. Ormat Technologies, Inc. has a 52 week low of $52.76 and a 52 week high of $79.18.

Ormat Technologies (NYSE:ORA) last announced its earnings results on Wednesday, November 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.03). The business had revenue of $170.50 million for the quarter, compared to the consensus estimate of $171.11 million. Ormat Technologies had a net margin of 12.59% and a return on equity of 6.00%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. On average, sell-side analysts expect that Ormat Technologies, Inc. will post 1.77 EPS for the current fiscal year.

ORA has been the subject of several research reports. ValuEngine cut shares of Ormat Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Cowen cut shares of Ormat Technologies from an “outperform” rating to a “market perform” rating and set a $76.00 price objective for the company. in a report on Thursday, October 24th. Zacks Investment Research raised shares of Ormat Technologies from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Monday, October 21st. TheStreet raised shares of Ormat Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, December 18th. Finally, Roth Capital cut shares of Ormat Technologies from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a report on Monday, November 11th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Ormat Technologies presently has an average rating of “Hold” and an average target price of $73.40.

In related news, VP Zvi Krieger sold 668 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $76.88, for a total transaction of $51,355.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Roberts Christopher bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average price of $3.08 per share, with a total value of $308,000.00. Insiders have sold 11,957 shares of company stock valued at $927,059 over the last 90 days. 0.63% of the stock is currently owned by company insiders.

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, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity.

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Institutional Ownership by Quarter for Ormat Technologies (NYSE:ORA)

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