Shares of Ormat Technologies, Inc. (NYSE:ORA) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $66.33.

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Ormat Technologies from an “overweight” rating to a “neutral” rating and set a $60.00 target price on the stock. in a report on Wednesday, March 6th. ValuEngine upgraded shares of Ormat Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th. Finally, Zacks Investment Research downgraded shares of Ormat Technologies from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd.

ORA stock traded up $0.45 during mid-day trading on Monday, hitting $57.16. The company had a trading volume of 5,728 shares, compared to its average volume of 128,997. The stock has a market cap of $2.87 billion, a P/E ratio of 27.46, a PEG ratio of 2.48 and a beta of 1.27. Ormat Technologies has a 12-month low of $45.79 and a 12-month high of $60.26. The company has a quick ratio of 1.18, a current ratio of 1.31 and a debt-to-equity ratio of 0.72.

Ormat Technologies (NYSE:ORA) last posted its earnings results on Tuesday, February 26th. The energy company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02). Ormat Technologies had a return on equity of 5.84% and a net margin of 10.17%. The business had revenue of $190.47 million during the quarter, compared to the consensus estimate of $181.05 million. On average, analysts anticipate that Ormat Technologies will post 2.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from Ormat Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.77%. Ormat Technologies’s payout ratio is 21.15%.

Several institutional investors have recently bought and sold shares of the company. Global Alpha Capital Management Ltd. grew its holdings in Ormat Technologies by 51.6% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 929,486 shares of the energy company’s stock valued at $48,923,000 after purchasing an additional 316,433 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in Ormat Technologies by 43.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 741,453 shares of the energy company’s stock valued at $40,119,000 after purchasing an additional 224,256 shares during the last quarter. Vanguard Group Inc grew its holdings in Ormat Technologies by 6.2% during the 3rd quarter. Vanguard Group Inc now owns 3,679,477 shares of the energy company’s stock valued at $199,096,000 after purchasing an additional 213,470 shares during the last quarter. Vanguard Group Inc. grew its holdings in Ormat Technologies by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,679,477 shares of the energy company’s stock valued at $199,096,000 after purchasing an additional 213,470 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Ormat Technologies by 6.4% during the 4th quarter. BlackRock Inc. now owns 3,259,798 shares of the energy company’s stock valued at $170,488,000 after purchasing an additional 196,168 shares during the last quarter. Hedge funds and other institutional investors own 75.35% 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, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity.

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