Chesapeake Capital Corp IL Has $225,000 Stock Holdings in Ormat Technologies, Inc. (NYSE:ORA)

Chesapeake Capital Corp IL decreased its position in shares of Ormat Technologies, Inc. (NYSE:ORA) by 50.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,318 shares of the energy company’s stock after selling 3,421 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Ormat Technologies were worth $225,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its stake in shares of Ormat Technologies by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 8,026 shares of the energy company’s stock valued at $544,000 after purchasing an additional 160 shares during the period. Bailard Inc. lifted its stake in shares of Ormat Technologies by 0.9% in the 4th quarter. Bailard Inc. now owns 19,446 shares of the energy company’s stock valued at $1,317,000 after purchasing an additional 169 shares during the period. Securian Asset Management Inc. lifted its stake in shares of Ormat Technologies by 5.1% in the 4th quarter. Securian Asset Management Inc. now owns 4,354 shares of the energy company’s stock valued at $295,000 after purchasing an additional 212 shares during the period. Versant Capital Management Inc lifted its stake 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 valued at $27,000 after purchasing an additional 229 shares during the period. Finally, Caprock Group LLC lifted its stake in shares of Ormat Technologies by 4.0% in the 4th quarter. Caprock Group LLC now owns 6,080 shares of the energy company’s stock valued at $412,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.

Ormat Technologies Stock Performance

ORA opened at $72.10 on Wednesday. The business’s 50-day moving average price is $66.97 and its two-hundred day moving average price is $72.96. Ormat Technologies, Inc. has a 1 year low of $59.41 and a 1 year high of $84.30. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 36.79, a P/E/G ratio of 3.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.95 and a quick ratio of 0.87.

Ormat Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Wednesday, March 12th. Ormat Technologies’s dividend payout ratio is 23.53%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Baird R W raised Ormat Technologies to a “hold” rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. lifted their target price on Ormat Technologies from $71.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, February 28th. Piper Sandler started coverage on Ormat Technologies in a report on Thursday, December 19th. They set a “neutral” rating and a $78.00 target price on the stock. Jefferies Financial Group upgraded Ormat Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $73.00 to $78.00 in a report on Thursday, February 20th. Finally, Robert W. Baird started coverage on Ormat Technologies in a report on Thursday, March 13th. They set a “neutral” rating and a $81.00 target price on the stock. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Ormat Technologies has an average rating of “Hold” and an average price target of $82.67.

Insider Buying and Selling at Ormat Technologies

In related news, Director David Granot sold 1,666 shares of Ormat Technologies stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $69.00, for a total value of $114,954.00. Following the sale, the director now owns 1,910 shares of the company’s stock, valued at approximately $131,790. The trade was a 46.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

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, 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.