Alpine Woods Capital Investors LLC Sells 6,347 Shares of Portland General Electric Company $POR

Key Points

• Alpine Woods Capital Investors LLC reduced its stake in Portland General Electric Company by 41.3%, selling 6,347 shares and leaving them with 9,019 shares valued at $366,000.
• Insider trading activity included CEO Maria M. Pope and Director Michael A. Lewis selling a total of 20,833 shares, reflecting decreases in their respective shareholdings.
• Portland General Electric announced a quarterly dividend of $0.525, resulting in a dividend yield of 4.9%, with an annualized payout of $2.10.

Alpine Woods Capital Investors LLC trimmed its stake in Portland General Electric Company (NYSE:POR - Free Report) by 41.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,019 shares of the utilities provider's stock after selling 6,347 shares during the period. Alpine Woods Capital Investors LLC's holdings in Portland General Electric were worth $366,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Portland General Electric in the first quarter valued at $27,000. Private Trust Co. NA lifted its stake in shares of Portland General Electric by 62.6% during the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 244 shares during the period. Global X Japan Co. Ltd. increased its holdings in Portland General Electric by 113.1% in the first quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 345 shares during the last quarter. IFP Advisors Inc increased its holdings in Portland General Electric by 1,291.7% in the second quarter. IFP Advisors Inc now owns 668 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 620 shares during the last quarter. Finally, S.A. Mason LLC bought a new stake in Portland General Electric in the second quarter valued at about $29,000.

Insider Activity

In other news, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction on Monday, July 21st. The stock was sold at an average price of $40.10, for a total value of $77,673.70. Following the transaction, the director owned 13,509 shares in the company, valued at approximately $541,710.90. This trade represents a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Maria M. Pope sold 18,896 shares of Portland General Electric stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total value of $803,080.00. Following the completion of the transaction, the chief executive officer owned 194,135 shares in the company, valued at approximately $8,250,737.50. The trade was a 8.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,436 shares of company stock worth $988,388. Insiders own 0.40% of the company's stock.

Portland General Electric Price Performance

Portland General Electric stock opened at $43.20 on Tuesday. The stock's fifty day moving average price is $42.77 and its two-hundred day moving average price is $42.07. Portland General Electric Company has a one year low of $39.54 and a one year high of $49.85. 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 market cap of $4.73 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 3.99 and a beta of 0.62.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The firm had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. During the same quarter last year, the company earned $0.69 EPS. The company's revenue was up 6.5% on a year-over-year basis. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. As a group, research analysts expect that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on POR. Weiss Ratings restated a "hold (c)" rating on shares of Portland General Electric in a report on Wednesday, October 8th. Barclays reduced their price target on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 22nd. Finally, Zacks Research raised Portland General Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $45.40.

Portland General Electric 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.

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