Maria Angelica Espinosa Sells 2,000 Shares of Portland General Electric (NYSE:POR) Stock

Portland General Electric (NYSE:POR - Get Free Report) SVP Maria Angelica Espinosa sold 2,000 shares of the company's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $44.30, for a total transaction of $88,600.00. Following the completion of the sale, the senior vice president now directly owns 16,763 shares in the company, valued at $742,600.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Portland General Electric Price Performance

NYSE POR traded down $0.37 on Wednesday, reaching $44.06. The company had a trading volume of 742,133 shares, compared to its average volume of 995,125. The company has a quick ratio of 1.09, a current ratio of 1.22 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $4.54 billion, a PE ratio of 16.88 and a beta of 0.56. The firm's 50 day moving average price is $41.83 and its 200 day moving average price is $41.65. Portland General Electric has a 12 month low of $38.01 and a 12 month high of $51.39.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.12. Portland General Electric had a net margin of 8.51% and a return on equity of 8.50%. The company had revenue of $929.00 million for the quarter, compared to the consensus estimate of $828.94 million. During the same period in the previous year, the firm posted $0.80 EPS. Portland General Electric's revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, equities analysts predict that Portland General Electric will post 3.08 earnings per share for the current year.

Portland General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, May 24th will be issued a $0.50 dividend. The ex-dividend date is Friday, June 21st. This is an increase from Portland General Electric's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.54%. Portland General Electric's payout ratio is 72.80%.

Institutional Trading of Portland General Electric

Large investors have recently made changes to their positions in the business. Johnson Financial Group Inc. bought a new stake in shares of Portland General Electric in the 4th quarter worth about $25,000. Fifth Third Bancorp increased its holdings in shares of Portland General Electric by 181.8% in the 4th quarter. Fifth Third Bancorp now owns 634 shares of the utilities provider's stock worth $27,000 after buying an additional 409 shares during the last quarter. BKM Wealth Management LLC bought a new stake in shares of Portland General Electric in the 4th quarter worth about $33,000. Mather Group LLC. bought a new stake in shares of Portland General Electric in the 1st quarter worth about $34,000. Finally, Allworth Financial LP boosted its stake in shares of Portland General Electric by 44.0% during the 3rd quarter. Allworth Financial LP now owns 854 shares of the utilities provider's stock worth $35,000 after purchasing an additional 261 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on POR. Bank of America downgraded shares of Portland General Electric from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $55.00 to $43.00 in a research report on Monday, February 5th. Mizuho restated a "neutral" rating and set a $42.00 target price (down previously from $43.00) on shares of Portland General Electric in a research note on Tuesday, February 20th. UBS Group upgraded shares of Portland General Electric from a "neutral" rating to a "buy" rating and lowered their target price for the company from $47.00 to $45.00 in a research note on Monday, January 29th. StockNews.com raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a report on Tuesday, April 30th. Finally, Barclays cut their price objective on shares of Portland General Electric from $45.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.13.

About Portland General Electric

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.