Key Points
- CFO Joseph Trpik, Jr. sold 7,500 shares of Portland General Electric on May 6 at an average price of $49.03, totaling about $367,725. After the sale, he still directly owned 31,897 shares.
- The company reported weaker-than-expected quarterly results, with EPS of $0.58 versus the $0.77 consensus estimate and revenue of $879 million versus expectations of $953.24 million. Revenue also fell 5.3% year over year.
- Portland General Electric raised its quarterly dividend to $0.5513 per share, implying an annualized yield of about 4.5%. Analysts currently have a consensus Hold rating with a $51.00 target price.
Portland General Electric Company (NYSE:POR - Get Free Report) CFO Joseph Trpik, Jr. sold 7,500 shares of Portland General Electric stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total value of $367,725.00. Following the completion of the sale, the chief financial officer directly owned 31,897 shares in the company, valued at $1,563,909.91. This represents a 19.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Portland General Electric Stock Performance
POR opened at $48.48 on Friday. The business's 50-day moving average price is $52.33 and its two-hundred day moving average price is $50.27. Portland General Electric Company has a 1 year low of $39.54 and a 1 year high of $54.62. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 2.03 and a beta of 0.54. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.09 and a quick ratio of 0.95.
Portland General Electric (NYSE:POR - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.19). Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The firm had revenue of $879.00 million during the quarter, compared to analyst estimates of $953.24 million. During the same period in the prior year, the business earned $0.91 EPS. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Equities analysts expect that Portland General Electric Company will post 3.4 EPS for the current fiscal year.
Portland General Electric Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be paid a $0.5513 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $2.21 annualized dividend and a dividend yield of 4.5%. This is a positive change from Portland General Electric's previous quarterly dividend of $0.53. Portland General Electric's dividend payout ratio (DPR) is 93.75%.
Institutional Investors Weigh In On Portland General Electric
A number of institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC boosted its holdings in shares of Portland General Electric by 0.6% during the fourth quarter. Natixis Advisors LLC now owns 35,548 shares of the utilities provider's stock worth $1,706,000 after acquiring an additional 207 shares during the period. Sigma Planning Corp boosted its holdings in shares of Portland General Electric by 3.9% during the fourth quarter. Sigma Planning Corp now owns 5,663 shares of the utilities provider's stock worth $272,000 after acquiring an additional 210 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Portland General Electric by 18.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,469 shares of the utilities provider's stock worth $71,000 after acquiring an additional 226 shares during the period. Fox Hill Wealth Management boosted its holdings in shares of Portland General Electric by 0.6% during the fourth quarter. Fox Hill Wealth Management now owns 39,373 shares of the utilities provider's stock worth $1,890,000 after acquiring an additional 237 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of Portland General Electric by 76.4% during the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider's stock worth $26,000 after acquiring an additional 239 shares during the period.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Barclays lifted their price target on Portland General Electric from $47.00 to $53.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 17th. Wells Fargo & Company set a $51.00 price objective on Portland General Electric in a report on Tuesday, April 21st. Weiss Ratings cut Portland General Electric from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. raised their price objective on Portland General Electric from $51.00 to $54.00 and gave the company a "neutral" rating in a report on Monday, April 20th. Finally, UBS Group raised their price objective on Portland General Electric from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Portland General Electric has a consensus rating of "Hold" and a consensus target price of $51.00.
View Our Latest Stock Report on POR
Portland General Electric Company Profile
(
Get Free Report)
Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.
As one of Oregon's largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.
Featured 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. Please send any questions or comments about this story to [email protected].
