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

Portland General Electric (NYSE:POR) CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.

Portland General Electric Price Performance

Shares of POR stock opened at $43.80 on Friday. The stock’s fifty day simple moving average is $42.39 and its 200 day simple 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 firm has a market cap of $4.79 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.10 and a beta of 0.61. Portland General Electric has a one year low of $39.49 and a one year high of $49.85.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $824.00 million for 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 in the previous year, the firm earned $0.67 EPS. On average, analysts expect that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.57%. The ex-dividend date is Monday, March 24th. Portland General Electric’s dividend payout ratio is 66.45%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays dropped their price target on Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. KeyCorp decreased their price objective on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Wednesday, December 4th. UBS Group reissued a “neutral” rating and set a $47.00 price objective (down previously from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. Bank of America decreased their price objective on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a report on Tuesday, December 24th. Finally, LADENBURG THALM/SH SH lowered Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a report on Tuesday. One 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.44.

Institutional Trading of Portland General Electric

Institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in Portland General Electric in the third quarter worth $25,000. True Wealth Design LLC acquired a new position in Portland General Electric in the fourth quarter worth $27,000. Newbridge Financial Services Group Inc. acquired a new position in Portland General Electric in the fourth quarter worth $29,000. Allworth Financial LP boosted its stake in Portland General Electric by 74.4% in the third quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 265 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Portland General Electric by 151.0% in the fourth 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.