Portland General Electric (NYSE:POR - Get Free Report) EVP Benjamin Felton sold 1,845 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total transaction of $79,371.90. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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 POR stock opened at $42.99 on Friday. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.11 and a beta of 0.49. 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 firm has a 50-day moving average price of $43.51 and a 200 day moving average price of $44.48. Portland General Electric has a twelve month low of $40.05 and a twelve month high of $49.85.
Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $716.17 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. During the same quarter in the previous year, the business posted $0.67 earnings per share. Research analysts forecast that Portland General Electric will post 3.21 earnings per share for the current fiscal year.
Portland General Electric Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were issued 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 66.45%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on POR. Barclays lifted 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 report on Tuesday, March 4th. Bank of America reduced their price objective on Portland General Electric from $46.00 to $43.00 and set an "underperform" rating for the company in a report on Tuesday, December 24th. UBS Group reiterated a "neutral" rating and set a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Evercore ISI raised their price target on Portland General Electric from $50.00 to $51.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group decreased their price objective on shares of Portland General Electric from $47.00 to $42.00 and set a "hold" rating on the stock in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Portland General Electric has a consensus rating of "Hold" and an average price target of $45.78.
Get Our Latest Stock Report on Portland General Electric
Hedge Funds Weigh In On Portland General Electric
Institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its stake in Portland General Electric by 0.8% in the 4th quarter. Arizona State Retirement System now owns 29,912 shares of the utilities provider's stock worth $1,305,000 after buying an additional 245 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Portland General Electric by 3.2% in the fourth quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock worth $379,000 after acquiring an additional 269 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Portland General Electric by 4.2% in the fourth quarter. OneDigital Investment Advisors LLC now owns 7,282 shares of the utilities provider's stock valued at $318,000 after purchasing an additional 291 shares during the period. Texas Yale Capital Corp. increased its position in Portland General Electric by 2.6% during the fourth quarter. Texas Yale Capital Corp. now owns 11,920 shares of the utilities provider's stock worth $520,000 after purchasing an additional 300 shares during the last quarter. Finally, Choreo LLC raised its stake in Portland General Electric by 1.4% during the fourth quarter. Choreo LLC now owns 26,511 shares of the utilities provider's stock worth $1,166,000 after purchasing an additional 371 shares during the period.
About Portland General Electric
(
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.
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