Ormat Technologies, Inc. (NYSE:ORA) Director Robert Eugene Joyal sold 7,500 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $57.75, for a total value of $433,125.00. Following the completion of the sale, the director now owns 7,500 shares in the company, valued at $433,125. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Robert Eugene Joyal also recently made the following trade(s):

  • On Tuesday, May 16th, Robert Eugene Joyal sold 7,500 shares of Ormat Technologies stock. The stock was sold at an average price of $57.00, for a total value of $427,500.00.

Ormat Technologies, Inc. (ORA) traded down 0.24% on Tuesday, reaching $57.88. The company’s stock had a trading volume of 70,213 shares. Ormat Technologies, Inc. has a 52 week low of $45.30 and a 52 week high of $61.49. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 29.20 and a beta of 1.20. The company has a 50 day moving average of $58.85 and a 200 day moving average of $57.52.

Ormat Technologies (NYSE:ORA) last announced its earnings results on Thursday, August 3rd. The energy company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $179.36 million for the quarter, compared to analyst estimates of $169.80 million. Ormat Technologies had a return on equity of 10.39% and a net margin of 15.36%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share. On average, analysts forecast that Ormat Technologies, Inc. will post $2.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, August 11th. Ormat Technologies’s payout ratio is 14.61%.

COPYRIGHT VIOLATION WARNING: “Ormat Technologies, Inc. (ORA) Director Sells $433,125.00 in Stock” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/08/ormat-technologies-inc-ora-director-sells-433125-00-in-stock.html.

Several research analysts have commented on the company. Zacks Investment Research upgraded Ormat Technologies from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday. Cowen and Company set a $67.00 price objective on Ormat Technologies and gave the stock a “buy” rating in a report on Monday, July 17th. J P Morgan Chase & Co upgraded Ormat Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $65.00 to $71.00 in a report on Wednesday, June 7th. BidaskClub upgraded Ormat Technologies from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Barclays PLC upgraded Ormat Technologies from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $54.00 to $59.00 in a report on Friday, May 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $65.38.

A number of hedge funds have recently made changes to their positions in ORA. Prudential Financial Inc. raised its stake in shares of Ormat Technologies by 193.4% in the second quarter. Prudential Financial Inc. now owns 33,407 shares of the energy company’s stock worth $1,960,000 after buying an additional 22,020 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Ormat Technologies by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,964 shares of the energy company’s stock worth $233,000 after buying an additional 595 shares during the last quarter. KBC Group NV raised its stake in shares of Ormat Technologies by 10.2% in the second quarter. KBC Group NV now owns 81,736 shares of the energy company’s stock worth $4,796,000 after buying an additional 7,581 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Ormat Technologies by 108.0% in the second quarter. BNP Paribas Arbitrage SA now owns 12,425 shares of the energy company’s stock worth $729,000 after buying an additional 6,452 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Ormat Technologies by 11.4% in the second quarter. Legal & General Group Plc now owns 14,373 shares of the energy company’s stock worth $845,000 after buying an additional 1,468 shares during the last quarter. 45.91% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Ormat Technologies (NYSE:ORA)

Receive News & Ratings for Ormat Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ormat Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.