Portland General Electric (NYSE:POR) EVP Benjamin Felton Sells 1,845 Shares

Portland General Electric (NYSE:POR) EVP Benjamin Felton sold 1,845 shares of the firm’s stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $43.02, for a total transaction of $79,371.90. Following the completion of the sale, the executive vice president now directly owns 32,646 shares in the company, valued at approximately $1,404,430.92. This trade represents a 5.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Benjamin Felton also recently made the following trade(s):

• On Tuesday, February 18th, Benjamin Felton sold 575 shares of Portland General Electric stock. The stock was sold at an average price of $41.32, for a total transaction of $23,759.00.

Portland General Electric Trading Down 0.0 %

Shares of Portland General Electric stock opened at $42.99 on Friday. The company’s fifty day moving average is $43.51 and its two-hundred day moving average is $44.48. Portland General Electric has a 1 year low of $40.05 and a 1 year high of $49.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. The company has a market capitalization of $4.71 billion, a P/E ratio of 14.28, a PEG ratio of 1.11 and a beta of 0.49.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm 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 last year, the company posted $0.67 earnings per share. Analysts forecast that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Monday, March 24th. Portland General Electric’s dividend payout ratio (DPR) is presently 66.45%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on POR. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $44.00 price target (down from $50.00) on shares of Portland General Electric in a report on Thursday, April 10th. Barclays increased their price target on shares of Portland General Electric from $42.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. 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 research report on Tuesday, February 18th. Bank of America dropped their target price on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research report on Tuesday, December 24th. Finally, UBS Group reissued a “neutral” rating and issued a $47.00 price target (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.78.

Institutional Investors Weigh In On Portland General Electric

Hedge funds have recently modified their holdings of the stock. True Wealth Design LLC acquired a new position in Portland General Electric in the 4th quarter valued at $27,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Portland General Electric in the fourth quarter valued at about $29,000. Versant Capital Management Inc increased its stake in shares of Portland General Electric by 151.0% during the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 450 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Portland General Electric by 1,538.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 769 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Portland General Electric in the fourth quarter valued at about $52,000.

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.