Insider Selling: Portland General Electric (NYSE:POR) CEO Sells 18,896 Shares of Stock

Portland General Electric Company (NYSE:POR) CEO Maria Pope sold 18,896 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total transaction of $803,080.00. Following the transaction, the chief executive officer directly owned 194,135 shares of the company’s stock, valued at approximately $8,250,737.50. This trade represents a 8.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Portland General Electric Trading Up 0.2%

Shares of Portland General Electric stock opened at $42.56 on Friday. The stock has a market cap of $4.66 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 3.88 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. The firm has a fifty day moving average price of $41.82 and a 200 day moving average price of $42.23. Portland General Electric Company has a 1 year low of $39.54 and a 1 year high of $49.85.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.69 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Equities research analysts predict that Portland General Electric Company will post 3.21 earnings per share for the current year.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, September 25th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, September 25th. Portland General Electric’s dividend payout ratio (DPR) is currently 77.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. KBC Group NV grew its holdings in Portland General Electric by 29.3% during the 1st quarter. KBC Group NV now owns 4,717 shares of the utilities provider’s stock worth $210,000 after acquiring an additional 1,068 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Portland General Electric by 17.5% in the 1st quarter. New York State Teachers Retirement System now owns 39,793 shares of the utilities provider’s stock valued at $1,775,000 after buying an additional 5,927 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Portland General Electric by 21.9% in the 1st quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider’s stock valued at $878,000 after buying an additional 3,538 shares in the last quarter. State of Alaska Department of Revenue raised its position in Portland General Electric by 6.5% in the 1st quarter. State of Alaska Department of Revenue now owns 12,806 shares of the utilities provider’s stock valued at $571,000 after purchasing an additional 780 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Portland General Electric by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider’s stock valued at $556,266,000 after purchasing an additional 559,201 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays dropped their target price on shares of Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 22nd. Zacks Research upgraded shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Portland General Electric from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Portland General Electric presently has a consensus rating of “Hold” and a consensus price target of $45.40.

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.