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

Portland General Electric Price Performance

Shares of POR stock traded up $0.03 on Thursday, hitting $42.27. 485,381 shares of the stock traded hands, compared to its average volume of 1,168,152. Portland General Electric Company has a 52 week low of $39.54 and a 52 week 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 $4.63 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 3.87 and a beta of 0.63. The firm has a 50 day simple moving average of $41.77 and a two-hundred day simple moving average of $42.27.

Portland General Electric (NYSE:POR - Get Free Report) last released its earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $797.97 million. During the same quarter last year, the business posted $0.69 earnings per share. The firm'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, equities research analysts predict that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

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

Institutional Investors Weigh In On Portland General Electric

Several large investors have recently added to or reduced their stakes in POR. Wayfinding Financial LLC bought a new stake in shares of Portland General Electric in the 1st quarter valued at about $27,000. Private Trust Co. NA raised its holdings in shares of Portland General Electric by 62.6% in the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 244 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in shares of Portland General Electric by 113.1% in the 1st 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 in the last quarter. IFP Advisors Inc raised its holdings in shares of Portland General Electric by 1,291.7% in the 2nd quarter. IFP Advisors Inc now owns 668 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 620 shares in the last quarter. Finally, S.A. Mason LLC bought a new stake in shares of Portland General Electric in the 2nd quarter valued at about $29,000.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. KeyCorp downgraded shares of Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 target price on the stock. in a report on Wednesday, May 14th. Zacks Research upgraded shares of Portland General Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Barclays reduced 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 report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Portland General Electric from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price 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.

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