Portland General Electric (NYSE:POR) COO Sells $23,759.00 in Stock

Portland General Electric (NYSE:POR) COO Benjamin Felton sold 575 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value of $23,759.00. Following the completion of the sale, the chief operating officer now directly owns 37,282 shares of the company’s stock, valued at approximately $1,540,492.24. This represents a 1.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Portland General Electric Trading Up 1.3 %

Portland General Electric stock opened at $44.36 on Friday. Portland General Electric has a 52-week low of $39.49 and a 52-week high of $49.85. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.11 and a beta of 0.61. The firm has a 50-day moving average price of $42.39 and a two-hundred day moving average price of $45.61.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $716.17 million. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. During the same period in the previous year, the firm posted $0.67 earnings per share. Sell-side analysts expect that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a $0.50 dividend. The ex-dividend date is Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a yield of 4.51%. Portland General Electric’s dividend payout ratio is presently 66.45%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on POR. Jefferies Financial Group dropped their price target on Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. UBS Group reissued a “neutral” rating and set a $47.00 target price (down from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. LADENBURG THALM/SH SH lowered shares of Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a report on Tuesday. KeyCorp dropped their price objective on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Finally, Barclays cut their target price on shares of Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.44.

Institutional Trading of Portland General Electric

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in shares of Portland General Electric during the third quarter valued at approximately $25,000. True Wealth Design LLC bought a new position in Portland General Electric during the 4th quarter valued at $27,000. Allworth Financial LP increased its position in shares of Portland General Electric by 74.4% during the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 265 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Portland General Electric in the 4th quarter worth $29,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Portland General Electric by 151.0% in the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock valued at $33,000 after buying an additional 450 shares during the period.

Portland General Electric Company Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.