Ormat Technologies, Inc. (NYSE:ORA) VP Nir Wolf sold 3,600 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $61.80, for a total value of $222,480.00. Following the completion of the sale, the vice president now directly owns 1,800 shares of the company’s stock, valued at $111,240. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of ORA stock opened at $61.80 on Wednesday. Ormat Technologies, Inc. has a 52-week low of $45.79 and a 52-week high of $63.26. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 1.41. The company has a market cap of $3.14 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 2.94 and a beta of 1.15.

Ormat Technologies (NYSE:ORA) last issued its quarterly earnings results on Monday, May 6th. The energy company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.01. Ormat Technologies had a return on equity of 5.86% and a net margin of 7.41%. The firm had revenue of $199.04 million during the quarter, compared to analyst estimates of $183.62 million. During the same period last year, the company earned $0.48 EPS. Ormat Technologies’s quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts expect that Ormat Technologies, Inc. will post 1.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Monday, May 20th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, May 17th. Ormat Technologies’s dividend payout ratio is currently 21.15%.

A number of equities research analysts recently issued reports on ORA shares. ValuEngine raised Ormat Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. lowered Ormat Technologies from an “overweight” rating to a “neutral” rating and set a $60.00 price target for the company. in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $63.33.

Hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC raised its position in Ormat Technologies by 0.8% during the 1st quarter. Clearbridge Investments LLC now owns 79,226 shares of the energy company’s stock valued at $4,369,000 after purchasing an additional 660 shares in the last quarter. GYL Financial Synergies LLC bought a new stake in Ormat Technologies during the 1st quarter valued at $1,391,000. Jane Street Group LLC raised its position in Ormat Technologies by 161.5% during the 1st quarter. Jane Street Group LLC now owns 71,532 shares of the energy company’s stock valued at $3,945,000 after purchasing an additional 44,175 shares in the last quarter. Man Group plc bought a new stake in Ormat Technologies during the 1st quarter valued at $234,000. Finally, SEI Investments Co raised its position in Ormat Technologies by 58.6% during the 1st quarter. SEI Investments Co now owns 12,181 shares of the energy company’s stock valued at $677,000 after purchasing an additional 4,502 shares in the last quarter. 75.09% of the stock is owned by hedge funds and other institutional investors.

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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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