Stuart Chaussee & Associates Inc. Buys Shares of 500 Ormat Technologies, Inc. (NYSE:ORA)

Stuart Chaussee & Associates Inc. bought a new stake in shares of Ormat Technologies, Inc. (NYSE:ORA) during the 4th quarter, Holdings Channel reports. The firm bought 500 shares of the energy company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC lifted its stake in Ormat Technologies by 4,691.7% during the 4th quarter. AlphaQuest LLC now owns 575 shares of the energy company’s stock valued at $39,000 after acquiring an additional 563 shares during the period. Headlands Technologies LLC bought a new position in Ormat Technologies during the 4th quarter valued at about $66,000. Sterling Capital Management LLC lifted its stake in Ormat Technologies by 897.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,856 shares of the energy company’s stock valued at $126,000 after acquiring an additional 1,670 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new position in Ormat Technologies during the 4th quarter valued at about $182,000. Finally, Raymond James Financial Inc. bought a new position in shares of Ormat Technologies in the 4th quarter worth approximately $204,000. Institutional investors own 95.49% of the company’s stock.

Ormat Technologies Price Performance

NYSE ORA opened at $74.97 on Friday. Ormat Technologies, Inc. has a 12 month low of $61.58 and a 12 month high of $84.30. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 38.25, a PEG ratio of 3.18 and a beta of 0.65. The company’s 50 day moving average is $71.44 and its two-hundred day moving average is $71.48. 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 (NYSE:ORA) last released its earnings results on Wednesday, May 7th. The energy company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.10. Ormat Technologies had a net margin of 13.33% and a return on equity of 5.27%. The company had revenue of $229.76 million for the quarter, compared to analysts’ expectations of $228.33 million. During the same quarter last year, the business earned $0.64 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Ormat Technologies, Inc. will post 1.94 earnings per share for the current year.

Ormat Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Wednesday, May 21st. Ormat Technologies’s payout ratio is 23.30%.

Insiders Place Their Bets

In other Ormat Technologies news, Director David Granot sold 950 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $73.10, for a total transaction of $69,445.00. Following the completion of the sale, the director now directly owns 2,713 shares of the company’s stock, valued at $198,320.30. This trade represents a 25.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jessica Woelfel sold 409 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $72.15, for a total transaction of $29,509.35. Following the sale, the insider now directly owns 6,094 shares of the company’s stock, valued at approximately $439,682.10. This trade represents a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,192 shares of company stock worth $225,872. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Robert W. Baird assumed coverage on shares of Ormat Technologies in a research note on Thursday, March 13th. They issued a “neutral” rating and a $81.00 price objective on the stock. Barclays increased their price objective on shares of Ormat Technologies from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. Baird R W upgraded shares of Ormat Technologies to a “hold” rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. increased their price objective on shares of Ormat Technologies from $71.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Finally, StockNews.com upgraded shares of Ormat Technologies from a “sell” rating to a “hold” rating in a research note on Monday, April 7th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $83.29.

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.