Ormat Technologies, Inc. (NYSE:ORA – Get Rating) CEO Doron Blachar sold 1,792 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $83.20, for a total value of $149,094.40. Following the completion of the transaction, the chief executive officer now owns 9,671 shares of the company’s stock, valued at approximately $804,627.20. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ormat Technologies stock traded down $0.33 during midday trading on Friday, reaching $82.64. 244,475 shares of the company’s stock were exchanged, compared to its average volume of 387,278. Ormat Technologies, Inc. has a 52 week low of $60.32 and a 52 week high of $88.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.81 and a current ratio of 0.87. The firm 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 stock’s 50-day simple moving average is $80.15 and its 200 day simple moving average is $76.47.

Ormat Technologies (NYSE:ORA – Get Rating) last posted its quarterly earnings results on Monday, May 2nd. The energy company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Ormat Technologies had a return on equity of 3.70% and a net margin of 9.59%. The business had revenue of $183.71 million during the quarter, compared to analysts’ expectations of $174.20 million. Research analysts forecast that Ormat Technologies, Inc. will post 1.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Monday, May 16th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, May 13th. Ormat Technologies’s payout ratio is currently 41.38%.

ORA has been the subject of several analyst reports. StockNews.com upgraded Ormat Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. TheStreet upgraded Ormat Technologies from a “c+” rating to a “b-” rating in a report on Thursday, April 7th. Finally, Oppenheimer decreased their price objective on Ormat Technologies from $86.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, February 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Ormat Technologies has a consensus rating of “Hold” and a consensus price target of $77.25.

Hedge funds have recently modified their holdings of the business. Signaturefd LLC lifted its position in Ormat Technologies by 77.6% during the first quarter. Signaturefd LLC now owns 451 shares of the energy company’s stock worth $37,000 after acquiring an additional 197 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in Ormat Technologies during the first quarter worth approximately $41,000. Concord Wealth Partners lifted its position in Ormat Technologies by 286.0% during the fourth quarter. Concord Wealth Partners now owns 660 shares of the energy company’s stock worth $52,000 after acquiring an additional 489 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in Ormat Technologies during the first quarter worth approximately $56,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Ormat Technologies during the fourth quarter worth approximately $111,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

Ormat Technologies Company Profile (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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