Ormat Technologies, Inc. (NYSE:ORA) VP Shimon Hatzir sold 3,074 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $61.20, for a total transaction of $188,128.80. Following the sale, the vice president now directly owns 3,074 shares of the company’s stock, valued at $188,128.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shimon Hatzir also recently made the following trade(s):
- On Friday, June 9th, Shimon Hatzir sold 1,169 shares of Ormat Technologies stock. The stock was sold at an average price of $61.00, for a total transaction of $71,309.00.
- On Wednesday, June 7th, Shimon Hatzir sold 3,015 shares of Ormat Technologies stock. The stock was sold at an average price of $60.00, for a total transaction of $180,900.00.
Shares of Ormat Technologies, Inc. (NYSE ORA) traded down 0.16% during trading on Friday, reaching $60.73. 328,964 shares of the company’s stock were exchanged. Ormat Technologies, Inc. has a 52-week low of $41.12 and a 52-week high of $61.49. The firm has a market capitalization of $3.02 billion, a P/E ratio of 30.64 and a beta of 1.19. The company has a 50 day moving average of $58.76 and a 200 day moving average of $55.83.
Ormat Technologies (NYSE:ORA) last posted its earnings results on Monday, May 8th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Ormat Technologies had a net margin of 14.26% and a return on equity of 10.05%. The business had revenue of $189.90 million for the quarter, compared to analyst estimates of $177.42 million. During the same period last year, the business posted $0.59 EPS. Ormat Technologies’s revenue was up 25.3% compared to the same quarter last year. Equities analysts anticipate that Ormat Technologies, Inc. will post $2.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 22nd were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. Ormat Technologies’s payout ratio is presently 16.08%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of ORA. Creative Planning raised its position in Ormat Technologies by 43.9% in the first quarter. Creative Planning now owns 1,874 shares of the energy company’s stock worth $107,000 after buying an additional 572 shares during the last quarter. US Bancorp DE raised its position in Ormat Technologies by 33.6% in the first quarter. US Bancorp DE now owns 2,169 shares of the energy company’s stock worth $124,000 after buying an additional 545 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Ormat Technologies during the fourth quarter worth about $128,000. SG Americas Securities LLC raised its position in Ormat Technologies by 16.6% in the first quarter. SG Americas Securities LLC now owns 2,285 shares of the energy company’s stock worth $130,000 after buying an additional 326 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in Ormat Technologies by 89.3% in the first quarter. Quantbot Technologies LP now owns 2,334 shares of the energy company’s stock worth $133,000 after buying an additional 1,101 shares during the last quarter. Institutional investors and hedge funds own 45.78% of the company’s stock.
A number of analysts recently weighed in on ORA shares. Roth Capital set a $66.00 price target on shares of Ormat Technologies and gave the stock a “buy” rating in a research report on Monday, March 6th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $65.00 price objective (up previously from $56.00) on shares of Ormat Technologies in a report on Wednesday, March 1st. Zacks Investment Research upgraded shares of Ormat Technologies from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Friday, May 12th. Cowen and Company set a $67.00 price objective on shares of Ormat Technologies and gave the stock a “buy” rating in a report on Wednesday, May 10th. Finally, BidaskClub upgraded shares of Ormat Technologies from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $65.25.
Ormat Technologies Company Profile
Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.
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