Ormat Technologies, Inc. (NYSE:ORA) CEO Isaac Angel sold 250,000 shares of Ormat Technologies stock in a transaction on Monday, July 31st. The stock was sold at an average price of $57.00, for a total transaction of $14,250,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Isaac Angel also recently made the following trade(s):
- On Wednesday, July 26th, Isaac Angel sold 150,000 shares of Ormat Technologies stock. The stock was sold at an average price of $57.00, for a total transaction of $8,550,000.00.
Shares of Ormat Technologies, Inc. (NYSE ORA) traded up 0.46% during midday trading on Monday, reaching $59.30. 93,138 shares of the company were exchanged. Ormat Technologies, Inc. has a 52-week low of $45.15 and a 52-week high of $61.49. The stock’s 50-day moving average price is $58.91 and its 200-day moving average price is $57.35. The company has a market capitalization of $2.95 billion, a PE ratio of 29.92 and a beta of 1.19.
Ormat Technologies (NYSE:ORA) last announced its quarterly earnings data on Monday, May 8th. The energy company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Ormat Technologies had a net margin of 14.26% and a return on equity of 10.05%. The company had revenue of $189.90 million during the quarter, compared to analyst estimates of $177.42 million. During the same period last year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. Analysts anticipate that Ormat Technologies, Inc. will post $2.30 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Ormat Technologies by 6,068.3% in the first quarter. BlackRock Inc. now owns 2,473,872 shares of the energy company’s stock worth $141,210,000 after buying an additional 2,433,766 shares during the last quarter. Norges Bank acquired a new position in Ormat Technologies during the fourth quarter worth about $20,143,000. Renaissance Technologies LLC increased its position in Ormat Technologies by 24.3% in the first quarter. Renaissance Technologies LLC now owns 921,157 shares of the energy company’s stock worth $52,580,000 after buying an additional 179,900 shares during the last quarter. Vanguard Group Inc. increased its position in Ormat Technologies by 5.8% in the first quarter. Vanguard Group Inc. now owns 3,223,631 shares of the energy company’s stock worth $184,006,000 after buying an additional 177,288 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Ormat Technologies by 250.2% in the fourth quarter. Teachers Advisors LLC now owns 222,435 shares of the energy company’s stock worth $11,927,000 after buying an additional 158,913 shares during the last quarter. Institutional investors own 45.96% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Cowen and Company set a $67.00 price objective on shares of Ormat Technologies and gave the stock a “buy” rating in a research report on Monday, July 17th. J P Morgan Chase & Co raised shares of Ormat Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $65.00 to $71.00 in a research report on Wednesday, June 7th. BidaskClub raised shares of Ormat Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Barclays PLC raised shares of Ormat Technologies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $54.00 to $59.00 in a research report on Friday, May 26th. Finally, Zacks Investment Research raised shares of Ormat Technologies from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Friday, May 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Ormat Technologies has an average rating of “Buy” and a consensus target price of $65.25.
About Ormat Technologies
Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.
Receive News & Ratings for Ormat Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ormat Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
