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

Portland General Electric (NYSE:POR) CFO Joseph R. Trpik, Jr. sold 1,375 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value of $56,815.00. Following the sale, the chief financial officer now directly owns 31,960 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Portland General Electric Trading Up 1.1 %

Shares of NYSE POR opened at $43.80 on Friday. Portland General Electric has a one year low of $39.49 and a one year high of $49.85. The firm has a market capitalization of $4.79 billion, a PE ratio of 14.55, a PEG ratio of 1.10 and a beta of 0.61. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The business has a 50-day moving average price of $42.39 and a two-hundred day moving average price of $45.61.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $716.17 million. During the same period last year, the business earned $0.67 EPS. As a group, analysts predict that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Monday, March 24th. Portland General Electric’s dividend payout ratio (DPR) is presently 66.45%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd bought a new position in shares of Portland General Electric in the 3rd quarter valued at approximately $596,000. Nordea Investment Management AB raised its stake in shares of Portland General Electric by 2.0% in the 4th quarter. Nordea Investment Management AB now owns 989,379 shares of the utilities provider’s stock valued at $43,058,000 after acquiring an additional 19,057 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Portland General Electric by 114.1% in the 3rd quarter. Franklin Resources Inc. now owns 153,290 shares of the utilities provider’s stock valued at $7,289,000 after acquiring an additional 81,701 shares in the last quarter. Synergy Asset Management LLC raised its stake in shares of Portland General Electric by 260.6% in the 4th quarter. Synergy Asset Management LLC now owns 114,496 shares of the utilities provider’s stock valued at $5,096,000 after acquiring an additional 82,743 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Portland General Electric by 14.2% in the 3rd quarter. HighTower Advisors LLC now owns 85,751 shares of the utilities provider’s stock valued at $4,114,000 after acquiring an additional 10,643 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on POR shares. Barclays reduced their target price on Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, January 27th. 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 report on Friday, January 3rd. Evercore ISI upped their target price on Portland General Electric from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Tuesday. LADENBURG THALM/SH SH downgraded 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. Finally, Jefferies Financial Group decreased their price objective on Portland General Electric from $47.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.44.

About Portland General Electric

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.