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 firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total transaction of $23,759.00. Following the completion of the sale, the chief operating officer now owns 37,282 shares in the company, valued at $1,540,492.24. The trade was a 1.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Portland General Electric Price Performance

Shares of NYSE POR traded up $0.45 during trading on Wednesday, hitting $43.26. The company had a trading volume of 446,211 shares, compared to its average volume of 1,155,036. Portland General Electric has a 52 week low of $39.49 and a 52 week high of $49.85. The business’s 50-day moving average is $42.50 and its 200 day moving average is $45.68. The company has a market cap of $4.56 billion, a P/E ratio of 14.37, a PEG ratio of 1.06 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 (NYSE:POR) last released its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $824.00 million during the quarter, compared to analyst estimates 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 quarter last year, the company posted $0.67 EPS. Equities research analysts predict that Portland General Electric will post 3.2 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.50 dividend. The ex-dividend date is Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.62%. Portland General Electric’s payout ratio is currently 66.45%.

Analyst Upgrades and Downgrades

Several research firms recently commented on POR. UBS Group restated a “neutral” rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Barclays cut their price objective on shares of Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, January 27th. LADENBURG THALM/SH SH downgraded shares of Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Tuesday. KeyCorp lowered their target price 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, JPMorgan Chase & Co. upped their price target on shares of Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vise Technologies Inc. lifted its stake in Portland General Electric by 10.7% in the 4th quarter. Vise Technologies Inc. now owns 9,541 shares of the utilities provider’s stock worth $416,000 after acquiring an additional 924 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Portland General Electric during the fourth quarter worth approximately $272,000. Zimmer Partners LP grew its position in Portland General Electric by 25.2% during the fourth quarter. Zimmer Partners LP now owns 2,306,227 shares of the utilities provider’s stock valued at $100,598,000 after purchasing an additional 463,685 shares in the last quarter. Twinbeech Capital LP increased its stake in Portland General Electric by 423.1% in the 4th quarter. Twinbeech Capital LP now owns 28,974 shares of the utilities provider’s stock valued at $1,264,000 after buying an additional 23,435 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Portland General Electric by 62.1% in the 4th quarter. Two Sigma Advisers LP now owns 147,800 shares of the utilities provider’s stock worth $6,447,000 after buying an additional 56,600 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.