Ormat Technologies, Inc. (NYSE: ORA – Get Rating) Director Isaac Angel sold 19,000 shares of the firm’s 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 $ 3,323,698.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
ORA stock traded down $ 0.33 during mid-day trading on Friday, reaching $ 82.64. 244,475 shares of the company traded hands, compared to its average volume of 387,278. The stock has a market cap of $ 4.63 billion, a price-to-earnings ratio of 71.24, a P / E / G ratio of 4.14 and a beta of 0.45. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 0.61. Ormat Technologies, Inc. has a fifty-two week low of $ 60.32 and a fifty-two week high of $ 88.52. The firm’s 50 day moving average price is $ 80.15 and its 200 day moving average price is $ 76.47.
Ormat Technologies (NYSE: ORA – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The energy company reported $ 0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 0.32 by $ 0.03. The business had revenue of $ 183.71 million during the quarter, compared to the consensus estimate of $ 174.20 million. Ormat Technologies had a return on equity of 3.70% and a net margin of 9.59%. On average, analysts anticipate that Ormat Technologies, Inc. will post 1.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th were paid a dividend of $ 0.12 per share. The ex-dividend date was Friday, May 13th. This represents a $ 0.48 dividend on an annualized basis and a yield of 0.58%. Ormat Technologies’s dividend payout ratio (DPR) is currently 41.38%.
Several institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ormat Technologies by 7.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,362 shares of the company’s energy stock worth $ 3,466,000 after buying an additional 2,797 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Ormat Technologies by 146.4% during the 1st quarter. Advisors Asset Management Inc. now owns 7,918 shares of the company’s energy stock worth $ 648,000 after buying an additional 4,704 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Ormat Technologies during the 1st quarter worth approximately $ 177,000. Eaton Vance Management lifted its position in shares of Ormat Technologies by 9,839.0% during the 1st quarter. Eaton Vance Management now owns 19,878 shares of the company’s energy stock worth $ 1,627,000 after buying an additional 19,678 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in shares of Ormat Technologies by 120.8% during the 1st quarter. Ensign Peak Advisors Inc now owns 6,890 shares of the company’s energy stock worth $ 564,000 after buying an additional 3,770 shares in the last quarter. 96.42% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently commented on the company. StockNews.com upgraded Ormat Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. TheStreet upgraded Ormat Technologies from a “c +” rating to a “b-” rating in a research note on Thursday, April 7th. Finally, Oppenheimer reduced their target price on Ormat Technologies from $ 86.00 to $ 85.00 and set an “outperform” rating for the company in a research note on Friday, February 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $ 77.25.
About Ormat Technologies (Get Rating)
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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