Portland General Electric (NYSE:POR) EVP Benjamin Felton Sells 4,969 Shares of Stock

Portland General Electric Company (NYSE:POR) EVP Benjamin Felton sold 4,969 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $53.56, for a total value of $266,139.64. Following the completion of the transaction, the executive vice president directly owned 41,081 shares in the company, valued at $2,200,298.36. This trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Portland General Electric Stock Down 0.2%

NYSE:POR opened at $53.85 on Wednesday. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 3.06 and a beta of 0.66. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $54.39. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. The stock has a fifty day simple moving average of $50.47 and a 200-day simple moving average of $47.34.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.12). Portland General Electric had a return on equity of 8.52% and a net margin of 8.56%.The company had revenue of $889.00 million during the quarter, compared to analysts’ expectations of $892.31 million. During the same period in the prior year, the business earned $0.36 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Analysts anticipate that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, March 23rd. Portland General Electric’s payout ratio is currently 75.81%.

Hedge Funds Weigh In On Portland General Electric

Several institutional investors and hedge funds have recently added to or reduced their stakes in POR. Dean Capital Management purchased a new stake in shares of Portland General Electric during the fourth quarter valued at about $3,801,000. Corient Private Wealth LLC raised its stake in shares of Portland General Electric by 10.1% during the 4th quarter. Corient Private Wealth LLC now owns 10,254 shares of the utilities provider’s stock worth $483,000 after acquiring an additional 943 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Portland General Electric by 14.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 82,296 shares of the utilities provider’s stock worth $3,949,000 after acquiring an additional 10,160 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Portland General Electric in the fourth quarter valued at approximately $593,000. Finally, Mackenzie Financial Corp grew its holdings in Portland General Electric by 66.6% in the fourth quarter. Mackenzie Financial Corp now owns 114,810 shares of the utilities provider’s stock worth $5,510,000 after purchasing an additional 45,887 shares during the last quarter.

Analyst Upgrades and Downgrades

POR has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings downgraded Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. BMO Capital Markets restated a “market perform” rating and set a $55.00 price target on shares of Portland General Electric in a research note on Thursday, February 19th. BTIG Research reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Portland General Electric in a research note on Friday, January 30th. Finally, Loop Capital set a $48.00 target price on shares of Portland General Electric in a report on Tuesday, December 30th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.17.

Portland General Electric Company Profile

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.