David Granot Sells 7,500 Shares of Ormat Technologies, Inc. (NYSE:ORA) Stock

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Ormat Technologies, Inc. (NYSE:ORA) Director David Granot sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $70.70, for a total value of $530,250.00. Following the transaction, the director now directly owns 8,861 shares in the company, valued at $626,472.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

David Granot also recently made the following trade(s):

  • On Friday, June 7th, David Granot sold 7,500 shares of Ormat Technologies stock. The shares were sold at an average price of $61.69, for a total value of $462,675.00.

Shares of NYSE ORA opened at $72.37 on Friday. 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 stock’s fifty day moving average price is $64.98 and its two-hundred day moving average price is $59.86. Ormat Technologies, Inc. has a one year low of $49.01 and a one year high of $72.58. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 3.79 and a beta of 1.12.

Ormat Technologies (NYSE:ORA) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. Ormat Technologies had a return on equity of 6.12% and a net margin of 11.98%. The firm had revenue of $184.10 million for the quarter, compared to analyst estimates of $175.60 million. During the same period in the prior year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Ormat Technologies, Inc. will post 1.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 20th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Monday, August 19th. Ormat Technologies’s dividend payout ratio is 21.15%.

Separately, Roth Capital upped their price objective on Ormat Technologies from $67.00 to $78.00 and gave the company a “buy” rating in a report on Monday.

Hedge funds and other institutional investors have recently modified their holdings of the business. Private Capital Group LLC grew its holdings in shares of Ormat Technologies by 28.2% during the 1st quarter. Private Capital Group LLC now owns 941 shares of the energy company’s stock worth $52,000 after purchasing an additional 207 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Ormat Technologies during the 2nd quarter worth $64,000. Public Employees Retirement System of Ohio grew its holdings in shares of Ormat Technologies by 20.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,383 shares of the energy company’s stock worth $88,000 after purchasing an additional 233 shares in the last quarter. Strs Ohio grew its holdings in shares of Ormat Technologies by 130.0% during the 2nd quarter. Strs Ohio now owns 2,300 shares of the energy company’s stock worth $145,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Mission Wealth Management LP acquired a new stake in shares of Ormat Technologies during the 2nd quarter worth $212,000. 75.42% of the stock is currently owned by hedge funds and other institutional investors.

About Ormat Technologies

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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