Insider Selling: Portland General Electric (NYSE:POR) COO Sells 575 Shares of Stock

Portland General Electric (NYSE:POR - Get Free Report) COO Benjamin Felton sold 575 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total transaction of $23,759.00. Following the sale, the chief operating officer now owns 37,282 shares of the company's stock, valued at approximately $1,540,492.24. This trade represents a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Portland General Electric Stock Up 1.3 %

POR traded up $0.56 during mid-day trading on Friday, reaching $44.36. 1,020,832 shares of the stock were exchanged, compared to its average volume of 1,182,771. The company has a 50 day moving average price of $42.39 and a two-hundred day moving average price of $45.61. The stock has a market capitalization of $4.85 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.10 and a beta of 0.61. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. Portland General Electric has a 1 year low of $39.49 and a 1 year high of $49.85.

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

Portland General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid 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 (DPR) is presently 66.45%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Portland General Electric

A number of hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in Portland General Electric in the third quarter valued at about $25,000. True Wealth Design LLC purchased a new stake in Portland General Electric during the fourth quarter valued at about $27,000. Newbridge Financial Services Group Inc. purchased a new position in Portland General Electric in the 4th quarter valued at approximately $29,000. Allworth Financial LP grew 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 in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Portland General Electric by 151.0% in the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider's stock worth $33,000 after purchasing an additional 450 shares in the last quarter.

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.