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

Ormat Technologies, Inc. (NYSE:ORA) insider Jessica Woelfel sold 167 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $71.64, for a total transaction of $11,963.88. Following the transaction, the insider now directly owns 6,490 shares of the company’s stock, valued at $464,943.60. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $72.15, for a total value of $29,509.35.

Ormat Technologies Price Performance

ORA stock opened at $71.24 on Wednesday. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 3.18 and a beta of 0.51. The firm’s 50-day moving average price is $67.42 and its two-hundred day moving average price is $72.90. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. Ormat Technologies, Inc. has a 12-month low of $59.41 and a 12-month high of $84.30.

Ormat Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Wednesday, March 12th. Ormat Technologies’s payout ratio is 23.53%.

Institutional Investors Weigh In On Ormat Technologies

A number of large investors have recently made changes to their positions in ORA. Jefferies Financial Group Inc. bought a new position in shares of Ormat Technologies during the fourth quarter valued at approximately $372,000. Polar Asset Management Partners Inc. purchased a new position in Ormat Technologies during the 4th quarter valued at $5,079,000. Squarepoint Ops LLC purchased a new stake in shares of Ormat Technologies in the 4th quarter worth about $3,042,000. Twinbeech Capital LP bought a new stake in shares of Ormat Technologies during the 4th quarter valued at about $453,000. Finally, Stuart Chaussee & Associates Inc. purchased a new position in shares of Ormat Technologies during the fourth quarter valued at about $34,000. 95.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.