Ormat Technologies (NYSE:ORA) Insider Jessica Woelfel Sells 368 Shares

Ormat Technologies, Inc. (NYSE:ORA) insider Jessica Woelfel sold 368 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $112.36, for a total transaction of $41,348.48. Following the sale, the insider directly owned 3,433 shares of the company’s stock, valued at $385,731.88. This represents a 9.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 10th, Jessica Woelfel sold 721 shares of Ormat Technologies stock. The stock was sold at an average price of $115.00, for a total transaction of $82,915.00.
• On Monday, September 29th, Jessica Woelfel sold 5,611 shares of Ormat Technologies stock. The shares were sold at an average price of $94.80, for a total value of $531,922.80.
• On Friday, August 22nd, Jessica Woelfel sold 692 shares of Ormat Technologies stock. The stock was sold at an average price of $94.57, for a total value of $65,442.44.

Ormat Technologies Stock Up 0.9%

Ormat Technologies stock traded up $0.99 during midday trading on Monday, reaching $114.47. The stock had a trading volume of 689,322 shares, compared to its average volume of 531,244. The stock has a market capitalization of $6.95 billion, a P/E ratio of 53.24, a price-to-earnings-growth ratio of 4.84 and a beta of 0.77. The firm’s fifty day simple moving average is $100.97 and its 200-day simple moving average is $89.12. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.64 and a current ratio of 0.70. Ormat Technologies, Inc. has a 1-year low of $61.58 and a 1-year high of $115.72.

Ormat Technologies (NYSE:ORA) last released its quarterly earnings results on Monday, November 3rd. The energy company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. The firm had revenue of $249.73 million during the quarter, compared to the consensus estimate of $235.03 million. Ormat Technologies had a return on equity of 5.47% and a net margin of 14.49%.The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. Ormat Technologies has set its FY 2025 guidance at EPS. As a group, analysts expect that Ormat Technologies, Inc. will post 1.94 EPS for the current fiscal year.

Ormat Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. Ormat Technologies’s dividend payout ratio is presently 22.02%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Baird R W upgraded shares of Ormat Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ormat Technologies in a report on Wednesday, October 8th. Jefferies Financial Group boosted their price target on Ormat Technologies from $97.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Robert W. Baird upgraded Ormat Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the company from $87.00 to $103.00 in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ormat Technologies from $99.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.44.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Curio Wealth LLC increased its holdings in Ormat Technologies by 29,200.0% in the 2nd quarter. Curio Wealth LLC now owns 293 shares of the energy company’s stock worth $25,000 after acquiring an additional 292 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Ormat Technologies by 43.8% during the third quarter. Jones Financial Companies Lllp now owns 371 shares of the energy company’s stock worth $35,000 after acquiring an additional 113 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Ormat Technologies by 251.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the energy company’s stock worth $44,000 after purchasing an additional 374 shares during the period. AlphaQuest LLC boosted its holdings in Ormat Technologies by 218.0% in the 3rd quarter. AlphaQuest LLC now owns 547 shares of the energy company’s stock valued at $53,000 after purchasing an additional 375 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in Ormat Technologies by 313.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 595 shares of the energy company’s stock worth $57,000 after acquiring an additional 451 shares during the last quarter. Hedge funds and other institutional investors own 95.49% of the company’s stock.

About Ormat Technologies

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.