Shimon Hatzir Sells 4,843 Shares of Ormat Technologies, Inc. (ORA) Stock
Ormat Technologies, Inc. (NYSE:ORA) VP Shimon Hatzir sold 4,843 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $59.00, for a total value of $285,737.00. Following the sale, the vice president now directly owns 4,843 shares in the company, valued at approximately $285,737. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shimon Hatzir also recently made the following trade(s):
- On Monday, September 18th, Shimon Hatzir sold 2,976 shares of Ormat Technologies stock. The shares were sold at an average price of $58.50, for a total value of $174,096.00.
Shares of Ormat Technologies, Inc. (ORA) traded down 1.15% during mid-day trading on Thursday, reaching $57.78. The company’s stock had a trading volume of 123,896 shares. The firm’s 50 day moving average is $57.21 and its 200-day moving average is $58.00. Ormat Technologies, Inc. has a 52-week low of $45.30 and a 52-week high of $61.49. The company has a market capitalization of $2.88 billion, a PE ratio of 26.36 and a beta of 1.20.
Ormat Technologies (NYSE:ORA) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. Ormat Technologies had a return on equity of 10.25% and a net margin of 15.36%. The business had revenue of $179.36 million for the quarter, compared to the consensus estimate of $169.80 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. Ormat Technologies’s revenue for the quarter was up 12.2% compared to the same quarter last year. Analysts forecast that Ormat Technologies, Inc. will post $2.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, August 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.55%. Ormat Technologies’s dividend payout ratio is 14.61%.
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Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Ormat Technologies by 1.7% during the second quarter. Royal Bank of Canada now owns 2,008 shares of the energy company’s stock valued at $117,000 after buying an additional 34 shares in the last quarter. Psagot Investment House Ltd. grew its holdings in shares of Ormat Technologies by 1.6% during the second quarter. Psagot Investment House Ltd. now owns 2,661 shares of the energy company’s stock valued at $156,000 after buying an additional 43 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in shares of Ormat Technologies by 1.0% during the second quarter. Hanseatic Management Services Inc. now owns 4,940 shares of the energy company’s stock valued at $290,000 after buying an additional 48 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Ormat Technologies by 2.2% during the second quarter. Sei Investments Co. now owns 2,266 shares of the energy company’s stock valued at $133,000 after buying an additional 49 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in shares of Ormat Technologies by 0.5% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 11,131 shares of the energy company’s stock valued at $633,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.
ORA has been the topic of a number of analyst reports. Zacks Investment Research lowered Ormat Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered Ormat Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. J P Morgan Chase & Co raised Ormat Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $65.00 to $71.00 in a research note on Wednesday, June 7th. Barclays PLC raised Ormat Technologies from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $54.00 to $59.00 in a research note on Friday, May 26th. Finally, Cowen and Company set a $67.00 price objective on Ormat Technologies and gave the company a “buy” rating in a research note on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.38.
About Ormat Technologies
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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