Dafna Sharir Sells 1,601 Shares of Ormat Technologies, Inc. (NYSE:ORA) Stock

Ormat Technologies, Inc. (NYSE:ORA - Get Free Report) Director Dafna Sharir sold 1,601 shares of the firm's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $85.63, for a total transaction of $137,093.63. Following the transaction, the director now directly owns 3,238 shares in the company, valued at approximately $277,269.94. The trade was a 33.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Dafna Sharir also recently made the following trade(s):

• On Monday, May 19th, Dafna Sharir sold 876 shares of Ormat Technologies stock. The shares were sold at an average price of $75.00, for a total transaction of $65,700.00.

Ormat Technologies Trading Down 0.8%

ORA traded down $0.70 during trading on Wednesday, reaching $85.60. The company had a trading volume of 98,564 shares, compared to its average volume of 485,976. The firm's 50-day simple moving average is $75.18 and its 200 day simple moving average is $70.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.90 and a current ratio of 0.97. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 41.53, a PEG ratio of 4.14 and a beta of 0.60. Ormat Technologies, Inc. has a 12-month low of $61.58 and a 12-month high of $87.41.

Ormat Technologies (NYSE:ORA - Get Free Report) last released its earnings results on Wednesday, May 7th. The energy company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.10. The business had revenue of $229.76 million for the quarter, compared to the consensus estimate of $228.33 million. Ormat Technologies had a net margin of 14.18% and a return on equity of 5.35%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. Equities research analysts anticipate that Ormat Technologies, Inc. will post 1.94 earnings per share for the current year.

Ormat Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Wednesday, May 21st. Ormat Technologies's payout ratio is 23.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ORA. Jefferies Financial Group increased their price target on Ormat Technologies from $78.00 to $86.00 and gave the company a "buy" rating in a research note on Tuesday, March 25th. Wall Street Zen raised Ormat Technologies from a "sell" rating to a "hold" rating in a research note on Monday, April 7th. Baird R W raised Ormat Technologies to a "hold" rating in a report on Thursday, March 13th. JPMorgan Chase & Co. upped their price target on shares of Ormat Technologies from $71.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, February 28th. Finally, Robert W. Baird started coverage on shares of Ormat Technologies in a research note on Thursday, March 13th. They issued a "neutral" rating and a $81.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $84.14.

Institutional Investors Weigh In On Ormat Technologies

A number of institutional investors have recently bought and sold shares of ORA. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Ormat Technologies in the fourth quarter worth approximately $34,000. AlphaQuest LLC boosted its stake in shares of Ormat Technologies by 4,691.7% during the 4th quarter. AlphaQuest LLC now owns 575 shares of the energy company's stock valued at $39,000 after buying an additional 563 shares during the period. UMB Bank n.a. grew its holdings in shares of Ormat Technologies by 42.6% during the 1st quarter. UMB Bank n.a. now owns 880 shares of the energy company's stock valued at $62,000 after acquiring an additional 263 shares in the last quarter. Signaturefd LLC increased its stake in shares of Ormat Technologies by 60.6% in the first quarter. Signaturefd LLC now owns 890 shares of the energy company's stock worth $63,000 after acquiring an additional 336 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Ormat Technologies by 294.2% in the first quarter. CWM LLC now owns 887 shares of the energy company's stock worth $63,000 after acquiring an additional 662 shares during the last quarter. 95.49% of the stock is currently owned by institutional investors and hedge funds.

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.