Jessica Woelfel Sells 167 Shares of Ormat Technologies, Inc. (NYSE:ORA) Stock

Ormat Technologies, Inc. (NYSE:ORA) insider Jessica Woelfel sold 167 shares of Ormat Technologies stock in a transaction on Monday, March 24th. The stock was sold at an average price of $71.64, for a total transaction of $11,963.88. Following the transaction, the insider now owns 6,490 shares in the company, valued at approximately $464,943.60. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jessica Woelfel also recently made the following trade(s):

• On Tuesday, March 18th, Jessica Woelfel sold 409 shares of Ormat Technologies stock. The stock was sold at an average price of $72.15, for a total value of $29,509.35.

Ormat Technologies Price Performance

ORA stock opened at $69.78 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.95 and a quick ratio of 0.87. The company’s 50-day moving average is $67.47 and its 200-day moving average is $72.87. The stock has a market capitalization of $4.22 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 3.18 and a beta of 0.51. Ormat Technologies, Inc. has a 1 year low of $59.41 and a 1 year high of $84.30.

Ormat Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were issued a $0.12 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.48 annualized dividend and a yield of 0.69%. Ormat Technologies’s payout ratio is currently 23.53%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ORA shares. JPMorgan Chase & Co. raised their price objective on Ormat Technologies from $71.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, February 28th. Robert W. Baird assumed coverage on shares of Ormat Technologies in a report on Thursday, March 13th. They set a “neutral” rating and a $81.00 price target for the company. Jefferies Financial Group upped their price objective on shares of Ormat Technologies from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday. Piper Sandler began coverage on shares of Ormat Technologies in a research note on Thursday, December 19th. They set a “neutral” rating and a $78.00 target price for the company. Finally, Baird R W raised shares of Ormat Technologies to a “hold” rating in a research report on Thursday, March 13th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $83.56.

Institutional Investors Weigh In On Ormat Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc grew its position in Ormat Technologies by 132.4% in the 4th quarter. Versant Capital Management Inc now owns 402 shares of the energy company’s stock valued at $27,000 after purchasing an additional 229 shares during the period. Stuart Chaussee & Associates Inc. acquired a new position in shares of Ormat Technologies during the fourth quarter valued at about $34,000. AlphaQuest LLC raised its holdings in shares of Ormat Technologies by 4,691.7% in the 4th quarter. AlphaQuest LLC now owns 575 shares of the energy company’s stock worth $39,000 after acquiring an additional 563 shares during the last quarter. Headlands Technologies LLC bought a new position in Ormat Technologies in the 4th quarter valued at about $66,000. Finally, Mendota Financial Group LLC acquired a new position in Ormat Technologies during the 4th quarter valued at about $98,000. Institutional investors own 95.49% of the company’s stock.

Ormat Technologies Company Profile

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