Trust Co. of Vermont Buys 1,202 Shares of Portland General Electric (NYSE:POR)

Trust Co. of Vermont lifted its stake in Portland General Electric (NYSE:POR) by 17.5% during the third quarter, Holdings Channel.com reports. The fund owned 8,071 shares of the utilities provider’s stock after buying an additional 1,202 shares during the period. Trust Co. of Vermont’s holdings in Portland General Electric were worth $387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its stake in Portland General Electric by 767.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 581 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 514 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Portland General Electric in the 1st quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Portland General Electric in the second quarter valued at $33,000. Mather Group LLC. acquired a new position in Portland General Electric during the first quarter worth $34,000. Finally, Hexagon Capital Partners LLC raised its position in Portland General Electric by 140.6% during the first quarter. Hexagon Capital Partners LLC now owns 919 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 537 shares in the last quarter.

Portland General Electric Stock Performance

POR opened at $48.40 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.00 and a quick ratio of 0.86. The business has a fifty day simple moving average of $47.57 and a 200 day simple moving average of $45.17. Portland General Electric has a 1 year low of $39.13 and a 1 year high of $49.45. The company has a market capitalization of $4.99 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.34 and a beta of 0.59.

Portland General Electric (NYSE:POR) last announced its earnings results on Friday, July 26th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. Portland General Electric had a net margin of 9.24% and a return on equity of 9.15%. The company had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $716.43 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Portland General Electric’s quarterly revenue was up 17.0% on a year-over-year basis. Research analysts expect that Portland General Electric will post 3.09 EPS for the current year.

Portland General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 24th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. Portland General Electric’s payout ratio is presently 68.73%.

Insider Transactions at Portland General Electric

In related news, VP John Teeruk Kochavatr sold 1,100 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $46.25, for a total transaction of $50,875.00. Following the sale, the vice president now owns 22,606 shares of the company’s stock, valued at $1,045,527.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Portland General Electric news, VP John Teeruk Kochavatr sold 1,100 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $46.25, for a total transaction of $50,875.00. Following the sale, the vice president now directly owns 22,606 shares in the company, valued at $1,045,527.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Benjamin Felton sold 1,886 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $48.00, for a total transaction of $90,528.00. Following the completion of the transaction, the chief operating officer now directly owns 30,142 shares in the company, valued at approximately $1,446,816. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,486 shares of company stock valued at $262,153. 0.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on POR. KeyCorp raised shares of Portland General Electric from a “sector weight” rating to an “overweight” rating in a research report on Monday, July 22nd. Evercore ISI began coverage on Portland General Electric in a research report on Wednesday, September 25th. They set an “outperform” rating and a $54.00 price target on the stock. StockNews.com raised Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. Jefferies Financial Group started coverage on Portland General Electric in a report on Friday, September 20th. They set a “hold” rating and a $48.00 target price on the stock. Finally, Bank of America began coverage on Portland General Electric in a report on Thursday, September 12th. They set an “underperform” rating and a $47.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Portland General Electric presently has an average rating of “Hold” and a consensus target price of $47.00.

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.