$0.08 dividends are now a reality for Ormat Technologies, Inc. (NYSE:ORA) shareholders. Here’s why.

November 19, 2017 - By Max Morgan

 $0.08 dividends are now a reality for Ormat Technologies, Inc. (NYSE:ORA) shareholders. Here's why.
Investors sentiment increased to 1.3 in Q2 2017. Its up 0.15, from 1.15 in 2017Q1. It improved, as 15 investors sold Ormat Technologies, Inc. shares while 49 reduced holdings. 18 funds opened positions while 65 raised stakes. 20.58 million shares or 2.95% more from 19.99 million shares in 2017Q1 were reported.
Sg Americas Secs Llc holds 0% or 6,603 shares in its portfolio. Bluestein R H And Co stated it has 8,000 shares or 0.03% of all its holdings. Mitchell Cap Management owns 2.51% invested in Ormat Technologies, Inc. (NYSE:ORA) for 112,030 shares. Ameriprise Inc stated it has 106,023 shares or 0% of all its holdings. Cubist Systematic Strategies Llc, a Connecticut-based fund reported 8,133 shares. First Tru Lp reported 78,611 shares. Advsr Asset Mgmt Incorporated reported 6,158 shares. Personal Advsrs Corp stated it has 0.15% of its portfolio in Ormat Technologies, Inc. (NYSE:ORA). State Board Of Administration Of Florida Retirement owns 0.01% invested in Ormat Technologies, Inc. (NYSE:ORA) for 39,886 shares. Friedberg Investment Mgmt, a Texas-based fund reported 75,230 shares. Credit Suisse Ag holds 55,391 shares. 86,000 were accumulated by Gamco Et Al. Amer Group Inc owns 24,599 shares. One Association stated it has 0.05% of its portfolio in Ormat Technologies, Inc. (NYSE:ORA). Panagora Asset Inc has 169 shares for 0% of their portfolio.

Since May 18, 2017, it had 0 buys, and 7 sales for $2.33 million activity. The insider Sullivan Bob sold $415,688. The insider Hatzir Shimon sold $188,129. On Thursday, May 18 Rosner Etty sold $49,567 worth of Ormat Technologies, Inc. (NYSE:ORA) or 879 shares. Granot David had sold 5,000 shares worth $288,500. Another trade for 7,704 shares valued at $445,368 was made by Krieger Zvi on Friday, June 16.

Ormat Technologies, Inc. (NYSE:ORA) is expected to pay $0.08 on Dec 5, 2017. The indicated annual dividend is $0.32. Shareholders owning the stock before Nov 20, 2017 will be eligible to receive the payout. Based on Ormat Technologies, Inc.’s current price of $63.03, the dividend is 0.13 %. This dividend’s record date is Nov 21, 2017 and the announcement date is Nov 7, 2017. The stock decreased 1.02% or $0.65 on November 17, reaching $63.03. About 103,352 shares traded. Ormat Technologies, Inc. (NYSE:ORA) has risen 34.71% since November 19, 2016 and is uptrending. It has outperformed by 18.01% the S&P500.

Ormat Technologies, Inc. is engaged in the geothermal and recovered energy power business. The company has market cap of $3.19 billion. The Firm designs, develops, builds, owns and operates geothermal and recovered energy power plants. It has a 27.05 P/E ratio. The Company’s equipment manufacturing activities are located in Israel.

Ormat Technologies, Inc. (NYSE:ORA) Ratings Coverage

Among 7 analysts covering Ormat Technologies Inc (NYSE:ORA), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Ormat Technologies Inc has $7100 highest and $32 lowest target. $58’s average target is -7.98% below currents $63.03 stock price. Ormat Technologies Inc had 16 analyst reports since January 4, 2016 according to SRatingsIntel. As per Friday, May 26, the company rating was upgraded by Barclays Capital. The stock of Ormat Technologies, Inc. (NYSE:ORA) has “Buy” rating given on Monday, July 17 by Cowen & Co. The company was maintained on Thursday, August 3 by Oppenheimer. JP Morgan upgraded the shares of ORA in report on Wednesday, June 7 to “Overweight” rating. Cowen & Co maintained it with “Buy” rating and $67.0 target in Friday, August 18 report. Roth Capital maintained the stock with “Buy” rating in Monday, November 13 report. Cowen & Co maintained Ormat Technologies, Inc. (NYSE:ORA) rating on Friday, September 22. Cowen & Co has “Buy” rating and $67.0 target. Oppenheimer maintained the shares of ORA in report on Thursday, June 1 with “Buy” rating. The stock has “Neutral” rating by JP Morgan on Friday, May 6. The rating was upgraded by Avondale to “Mkt Outperform” on Monday, December 19.

More notable recent Ormat Technologies, Inc. (NYSE:ORA) news were published by: Globenewswire.com which released: “Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter …” on July 11, 2017, also Forbes.com with their article: “Ex-Dividend Reminder: Cable One, Ormat Technologies and Manulife Financial” published on November 16, 2017, Seekingalpha.com published: “ORIX Heats Up Ormat Technologies” on May 05, 2017. More interesting news about Ormat Technologies, Inc. (NYSE:ORA) were released by: Globenewswire.com and their article: “Ormat Technologies, Inc. Implements Corporate Governance Changes in Connection …” published on July 26, 2017 as well as Seekingalpha.com‘s news article titled: “The Potential Is Huge For Geothermal Giant Ormat” with publication date: July 21, 2017.

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