Juan Diego Gallegos Sells 2,750 Shares of Portland General Electric (NYSE:POR) Stock

Portland General Electric Company (NYSE:POR) VP Juan Diego Gallegos sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $48.67, for a total value of $133,842.50. Following the completion of the sale, the vice president directly owned 12,127 shares in the company, valued at approximately $590,221.09. This trade represents a 18.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Portland General Electric Stock Down 0.4%

Shares of Portland General Electric stock opened at $48.22 on Thursday. The business’s fifty day moving average price is $51.91 and its two-hundred day moving average price is $50.36. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.09 and a quick ratio of 0.95. The company has a market capitalization of $5.58 billion, a P/E ratio of 21.53, a PEG ratio of 2.02 and a beta of 0.54. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $54.62.

Portland General Electric (NYSE:POR) last announced its earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.19). Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The business had revenue of $879.00 million for the quarter, compared to the consensus estimate of $953.24 million. During the same period in the previous year, the firm earned $0.91 EPS. The firm’s revenue was down 5.3% on a year-over-year basis. As a group, research analysts forecast that Portland General Electric Company will post 3.4 EPS for the current year.

Portland General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be issued a $0.5513 dividend. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Thursday, June 25th. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.53. Portland General Electric’s payout ratio is presently 93.75%.

Institutional Trading of Portland General Electric

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in shares of Portland General Electric during the 4th quarter worth about $25,000. Private Trust Co. NA lifted its position in shares of Portland General Electric by 76.4% during the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Portland General Electric during the 3rd quarter worth about $27,000. Rothschild Investment LLC lifted its position in shares of Portland General Electric by 112.9% during the 4th quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 324 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Portland General Electric during the 3rd quarter worth about $27,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on POR shares. UBS Group lifted their target price on Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Weiss Ratings downgraded Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Barclays lifted their price target on Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday, February 17th. BMO Capital Markets reiterated a “market perform” rating and set a $55.00 price target on shares of Portland General Electric in a report on Thursday, February 19th. Finally, BTIG Research reiterated a “buy” rating and set a $58.00 price target on shares of Portland General Electric in a report on Friday, January 30th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.00.

About Portland General Electric

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.