Insider Selling: Portland General Electric (NYSE:POR) COO Sells 1,886 Shares of Stock

Portland General Electric (NYSE:POR) COO Benjamin Felton sold 1,886 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $48.00, for a total transaction of $90,528.00. Following the sale, the chief operating officer now directly owns 30,142 shares of the company’s stock, valued at $1,446,816. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Portland General Electric Stock Down 0.9 %

Portland General Electric stock opened at $47.42 on Friday. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 18.17 and a beta of 0.58. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.09 and a current ratio of 1.22. Portland General Electric has a 52-week low of $38.01 and a 52-week high of $48.95. The firm has a 50 day moving average price of $43.96 and a two-hundred day moving average price of $42.46.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, July 26th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Portland General Electric had a net margin of 8.51% and a return on equity of 8.50%. The company had revenue of $758.00 million for the quarter, compared to analysts’ expectations of $716.43 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue was up 17.0% on a year-over-year basis. Equities analysts predict that Portland General Electric will post 3.08 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 24th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.22%. The ex-dividend date is Tuesday, September 24th. Portland General Electric’s dividend payout ratio (DPR) is presently 76.63%.

Analyst Ratings Changes

A number of analysts recently commented on POR shares. KeyCorp upgraded shares of Portland General Electric from a “sector weight” rating to an “overweight” rating in a research report on Monday, July 22nd. StockNews.com raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Barclays increased their price target on Portland General Electric from $44.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Finally, Mizuho increased their price target on shares of Portland General Electric from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Portland General Electric presently has an average rating of “Moderate Buy” and an average target price of $44.86.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Johnson Financial Group Inc. bought a new position in Portland General Electric during the fourth quarter valued at $25,000. Massmutual Trust Co. FSB ADV grew its holdings in Portland General Electric by 767.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 581 shares of the utilities provider’s stock valued at $25,000 after buying an additional 514 shares in the last quarter. LRI Investments LLC bought a new stake in Portland General Electric during the 1st quarter worth approximately $26,000. Fifth Third Bancorp increased its holdings in shares of Portland General Electric by 181.8% in the fourth quarter. Fifth Third Bancorp now owns 634 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 409 shares during the period. Finally, Mather Group LLC. bought a new position in Portland General Electric in the 1st quarter worth about $34,000.

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.