Zvi Krieger Sells 808 Shares of Ormat Technologies, Inc. (NYSE:ORA) Stock

Ormat Technologies, Inc. (NYSE:ORA) VP Zvi Krieger sold 808 shares of Ormat Technologies stock in a transaction on Monday, November 18th. The shares were sold at an average price of $76.50, for a total transaction of $61,812.00. Following the completion of the sale, the vice president now directly owns 808 shares of the company’s stock, valued at approximately $61,812. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Zvi Krieger also recently made the following trade(s):

  • On Thursday, November 14th, Zvi Krieger sold 668 shares of Ormat Technologies stock. The shares were sold at an average price of $76.88, for a total transaction of $51,355.84.

Ormat Technologies stock opened at $76.83 on Tuesday. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 3.94 and a beta of 1.03. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.23 and a quick ratio of 1.11. Ormat Technologies, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $79.18. The firm has a fifty day moving average price of $75.41 and a two-hundred day moving average price of $68.08.

Ormat Technologies (NYSE:ORA) last released its earnings results on Wednesday, November 6th. The energy company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The firm had revenue of $170.50 million for the quarter, compared to analyst estimates of $171.11 million. Ormat Technologies had a return on equity of 6.00% and a net margin of 12.59%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 EPS. As a group, sell-side analysts expect that Ormat Technologies, Inc. will post 1.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, November 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.57%. Ormat Technologies’s payout ratio is 21.15%.

Large investors have recently bought and sold shares of the company. Quantamental Technologies LLC bought a new position in shares of Ormat Technologies during the 2nd quarter worth about $64,000. Public Employees Retirement System of Ohio increased 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 during the period. Quest Capital Management Inc. ADV bought a new position in shares of Ormat Technologies during the 3rd quarter worth about $137,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Ormat Technologies by 57.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,946 shares of the energy company’s stock worth $124,000 after purchasing an additional 711 shares during the period. Finally, Strs Ohio increased 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 during the period. Institutional investors own 74.51% of the company’s stock.

ORA has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Ormat Technologies from $59.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. Zacks Investment Research raised shares of Ormat Technologies from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Monday, October 21st. ValuEngine lowered shares of Ormat Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Cowen lowered shares of Ormat Technologies from an “outperform” rating to a “market perform” rating and set a $76.00 target price for the company. in a research report on Thursday, October 24th. Finally, Roth Capital lowered shares of Ormat Technologies from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a research report on Monday, November 11th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Ormat Technologies has a consensus rating of “Hold” and a consensus price target of $73.40.

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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