Portland General Electric (NYSE:POR) CFO Joseph R. Trpik, Jr. Sells 1,375 Shares

Portland General Electric (NYSE:POR - Get Free Report) CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total value of $56,815.00. Following the completion of the sale, the chief financial officer now directly owns 31,960 shares in the company, valued at approximately $1,320,587.20. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Portland General Electric Stock Performance

Portland General Electric stock traded up $0.56 during mid-day trading on Friday, reaching $44.36. 1,020,832 shares of the stock traded hands, compared to its average volume of 1,182,771. Portland General Electric has a 12-month low of $39.49 and a 12-month high of $49.85. The business's 50-day moving average is $42.39 and its 200-day moving average is $45.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. 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.

Portland General Electric (NYSE:POR - Get Free Report) last posted 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 company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $716.17 million. During the same quarter last year, the firm posted $0.67 earnings per share. As a group, sell-side analysts predict that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

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 issued a $0.50 dividend. The ex-dividend date of this dividend 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 currently 66.45%.

Hedge Funds Weigh In On Portland General Electric

Several institutional investors and hedge funds have recently bought and sold shares of POR. Vanguard Group Inc. lifted its position in shares of Portland General Electric by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 11,913,132 shares of the utilities provider's stock valued at $519,651,000 after buying an additional 572,531 shares in the last quarter. State Street Corp lifted its holdings in Portland General Electric by 1.6% during the third quarter. State Street Corp now owns 4,123,279 shares of the utilities provider's stock valued at $199,509,000 after purchasing an additional 66,438 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Portland General Electric by 19.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,959,660 shares of the utilities provider's stock worth $172,720,000 after purchasing an additional 635,987 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Portland General Electric by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,333,393 shares of the utilities provider's stock worth $145,403,000 after purchasing an additional 93,903 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Portland General Electric by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,491,658 shares of the utilities provider's stock valued at $108,710,000 after purchasing an additional 47,172 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on POR. Barclays lowered their price target 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. Evercore ISI lifted their target price on shares of Portland General Electric from $50.00 to $51.00 and gave the stock an "outperform" rating in a report on Tuesday. KeyCorp reduced their price target on shares of Portland General Electric from $52.00 to $51.00 and set an "overweight" rating for the company in a research report on Wednesday, December 4th. UBS Group reaffirmed a "neutral" rating and issued a $47.00 price objective (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Finally, LADENBURG THALM/SH SH lowered Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 target price for the company. in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $46.44.

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.