Portland General Electric Company (NYSE:POR) Announces $0.53 Quarterly Dividend

Key Points

• Portland General Electric announced a quarterly dividend of $0.53 per share, with an ex-dividend date of December 22nd, and a dividend yield of 4.6%.
• The company's dividend payout ratio is 62.3%, indicating it is well-covered by earnings, with analysts projecting earnings of $3.34 per share for the next year.
• CFO Joseph R. Trpik, Jr. and CEO Maria M. Pope sold portions of their shares, representing decreases of 8.77% and 8.87% in their holdings, respectively.

Portland General Electric Company (NYSE:POR - Get Free Report) announced a quarterly dividend on Wednesday, October 22nd. Investors of record on Monday, December 22nd will be given a dividend of 0.525 per share by the utilities provider on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, December 22nd.

Portland General Electric has a dividend payout ratio of 62.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Portland General Electric to earn $3.34 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 62.9%.

Portland General Electric Price Performance

NYSE POR opened at $45.35 on Thursday. The company has a fifty day simple moving average of $43.06 and a 200 day simple moving average of $42.11. The company has a market cap of $4.97 billion, a P/E ratio of 16.74, a P/E/G ratio of 4.11 and a beta of 0.62. Portland General Electric has a 1 year low of $39.54 and a 1 year high of $49.85. 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 (NYSE:POR - Get Free Report) last released 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. The company had revenue of $807.00 million during the quarter, compared to the consensus estimate of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, sell-side analysts predict that Portland General Electric will post 3.21 EPS for the current year.

Insider Activity

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $41.35, for a total value of $107,634.05. Following the completion of the sale, the chief financial officer owned 27,089 shares in the company, valued at approximately $1,120,130.15. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Maria M. Pope sold 18,896 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total transaction of $803,080.00. Following the completion of the sale, the chief executive officer owned 194,135 shares of the company's stock, valued at $8,250,737.50. The trade was a 8.87% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On Portland General Electric

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wayfinding Financial LLC acquired a new stake in shares of Portland General Electric during the 1st quarter worth approximately $27,000. IFP Advisors Inc grew its position in shares of Portland General Electric by 1,291.7% during the 2nd quarter. IFP Advisors Inc now owns 668 shares of the utilities provider's stock worth $27,000 after buying an additional 620 shares during the period. Private Trust Co. NA grew its position in shares of Portland General Electric by 62.6% during the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock worth $28,000 after buying an additional 244 shares during the period. S.A. Mason LLC acquired a new stake in shares of Portland General Electric during the 2nd quarter worth approximately $29,000. Finally, Bell Investment Advisors Inc grew its position in shares of Portland General Electric by 80.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider's stock worth $34,000 after buying an additional 370 shares during the period.

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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