Ormat Technologies, Inc. (NYSE:ORA) Director Isaac Angel Sells 25,144 Shares

Ormat Technologies, Inc. (NYSE:ORA) Director Isaac Angel sold 25,144 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $75.60, for a total transaction of $1,900,886.40. Following the completion of the transaction, the director now directly owns 41,933 shares in the company, valued at approximately $3,170,134.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Isaac Angel also recently made the following trade(s):

• On Tuesday, September 5th, Isaac Angel sold 26,144 shares of Ormat Technologies stock. The stock was sold at an average price of $75.50, for a total transaction of $1,973,872.00.

Ormat Technologies Stock Up 1.3 %

NYSE:ORA opened at $75.48 on Friday. Ormat Technologies, Inc. has a fifty-two week low of $74.09 and a fifty-two week high of $101.81. The stock has a market capitalization of $4.55 billion, a P/E ratio of 48.70, a P/E/G ratio of 1.52 and a beta of 0.45. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.69 and a current ratio of 1.79. The company’s 50-day simple moving average is $78.97 and its 200-day simple moving average is $82.82.

Ormat Technologies (NYSE:ORA) last released its quarterly earnings results on Wednesday, August 2nd. The energy company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Ormat Technologies had a net margin of 11.74% and a return on equity of 5.17%. The business had revenue of $194.80 million for the quarter, compared to analysts’ expectations of $196.74 million. During the same period last year, the business earned $0.22 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts anticipate that Ormat Technologies, Inc. will post 2.14 earnings per share for the current fiscal year.

Ormat Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Tuesday, August 15th. Ormat Technologies’s dividend payout ratio is currently 30.97%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Roth Mkm raised shares of Ormat Technologies from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Monday, August 7th. Bank of America raised their target price on shares of Ormat Technologies from $85.00 to $87.00 in a research report on Wednesday, June 14th. StockNews.com began coverage on shares of Ormat Technologies in a research report on Thursday, August 17th. They set a “sell” rating on the stock. Barclays began coverage on shares of Ormat Technologies in a research report on Monday, May 22nd. They set an “equal weight” rating and a $89.00 target price on the stock. Finally, Roth Capital raised shares of Ormat Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $92.29.

Institutional Trading of Ormat Technologies

Institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake in Ormat Technologies by 1.5% in the 1st quarter. Rhumbline Advisers now owns 168,295 shares of the energy company’s stock worth $14,266,000 after purchasing an additional 2,426 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Ormat Technologies in the 4th quarter worth approximately $234,000. Mutual of America Capital Management LLC boosted its stake in Ormat Technologies by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 42,215 shares of the energy company’s stock worth $3,579,000 after purchasing an additional 2,186 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Ormat Technologies by 71.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,336 shares of the energy company’s stock worth $198,000 after purchasing an additional 976 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Ormat Technologies by 6.4% in the 1st quarter. Citigroup Inc. now owns 50,067 shares of the energy company’s stock worth $4,244,000 after purchasing an additional 3,003 shares in the last quarter. 88.24% of the stock is currently owned by institutional investors and hedge funds.

About Ormat Technologies

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through 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.