Portland General Electric (NYSE:POR - Get Free Report) COO Benjamin Felton sold 3,500 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $40.60, for a total transaction of $142,100.00. Following the transaction, the chief operating officer now directly owns 31,950 shares of the company's stock, valued at $1,297,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Portland General Electric Stock Up 1.1 %
POR stock opened at $40.98 on Thursday. The stock has a market capitalization of $4.15 billion, a P/E ratio of 17.59 and a beta of 0.57. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.74 and a current ratio of 0.84. Portland General Electric has a one year low of $38.01 and a one year high of $51.58. The company has a 50 day moving average price of $40.96 and a two-hundred day moving average price of $41.37.
Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The utilities provider reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.20). The company had revenue of $725.00 million during the quarter, compared to analyst estimates of $740.21 million. Portland General Electric had a net margin of 7.80% and a return on equity of 7.21%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 EPS. As a group, sell-side analysts expect that Portland General Electric will post 3.07 EPS for the current year.
Portland General Electric Announces Dividend
Biden replacement revealed?
From Paradigm Press | Ad
A former CIA insider just announced a disturbing prediction…
Biden will withdraw as the Democrat nominee on June 13.
See his shocking evidence in this new report
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 22nd were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.90 annualized dividend and a dividend yield of 4.64%. Portland General Electric's payout ratio is 81.55%.
Analysts Set New Price Targets
Several brokerages have weighed in on POR. Mizuho restated a "neutral" rating and set a $42.00 target price (down from $43.00) on shares of Portland General Electric in a research report on Tuesday, February 20th. UBS Group upgraded shares of Portland General Electric from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $47.00 to $45.00 in a research report on Monday, January 29th. StockNews.com lowered shares of Portland General Electric from a "hold" rating to a "sell" rating in a research report on Tuesday, February 27th. Bank of America lowered shares of Portland General Electric from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $55.00 to $43.00 in a research report on Monday, February 5th. Finally, Barclays lowered their target price on shares of Portland General Electric from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Portland General Electric has a consensus rating of "Hold" and a consensus price target of $45.13.
Read Our Latest Research Report on Portland General Electric
Hedge Funds Weigh In On Portland General Electric
Hedge funds and other institutional investors have recently made changes to their positions in the business. Johnson Financial Group Inc. purchased a new stake in Portland General Electric during the 4th quarter worth $25,000. Fifth Third Bancorp boosted its stake in Portland General Electric by 181.8% during the 4th quarter. Fifth Third Bancorp now owns 634 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 409 shares during the period. Spirit of America Management Corp NY acquired a new position in Portland General Electric during the 3rd quarter valued at about $32,000. BKM Wealth Management LLC acquired a new position in Portland General Electric during the 4th quarter valued at about $33,000. Finally, Mather Group LLC. acquired a new stake in shares of Portland General Electric in the 1st quarter worth approximately $34,000.
Portland General Electric Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
