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

Key Points

• Maria Pope, CEO of Portland General Electric, sold 18,896 shares of the company's stock for a total of $803,080, resulting in an 8.87% decrease in her ownership.
• The company recently announced a quarterly dividend of $0.525 per share, reflecting an annualized dividend yield of 5.0%, with the payout scheduled for October 15th.
• Portland General Electric's latest earnings report showed a EPS of $0.66 for the quarter, surpassing analysts' expectations and marking a 6.5% year-over-year revenue increase.

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

Portland General Electric Trading Down 1.3%

POR stock traded down $0.53 during mid-day trading on Tuesday, reaching $41.82. The company's stock had a trading volume of 1,112,626 shares, compared to its average volume of 1,171,042. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 3.89 and a beta of 0.63. The business's 50 day moving average price is $41.85 and its 200 day moving average price is $42.20. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $49.85.

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

Portland General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.525 per share. The ex-dividend date is Thursday, September 25th. This represents a $2.10 annualized dividend and a dividend yield of 5.0%. Portland General Electric's payout ratio is currently 77.49%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on POR. Barclays decreased their price objective on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, July 22nd. Zacks Research upgraded Portland General Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. cut their target price on Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $45.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Portland General Electric by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider's stock valued at $556,266,000 after buying an additional 559,201 shares during the period. ATLAS Infrastructure Partners UK Ltd. lifted its holdings in Portland General Electric by 24.1% during the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,459,258 shares of the utilities provider's stock worth $221,810,000 after purchasing an additional 1,058,623 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Portland General Electric by 22.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,864,352 shares of the utilities provider's stock worth $216,950,000 after purchasing an additional 904,692 shares in the last quarter. State Street Corp lifted its holdings in Portland General Electric by 2.4% during the 2nd quarter. State Street Corp now owns 4,551,369 shares of the utilities provider's stock worth $187,200,000 after purchasing an additional 107,717 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Portland General Electric by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,878,528 shares of the utilities provider's stock worth $128,382,000 after purchasing an additional 366,640 shares in the last quarter.

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.