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

Portland General Electric Company (NYSE:POR) declared a quarterly dividend on Friday, February 13th. Stockholders of record on Monday, March 23rd will be given a dividend of 0.525 per share by the utilities provider on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, March 23rd.

Portland General Electric has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Portland General Electric has a payout ratio of 62.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 2.7%

POR opened at $50.86 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 0.95. Portland General Electric has a fifty-two week low of $39.54 and a fifty-two week high of $54.39. The company’s 50 day moving average price is $51.66 and its two-hundred day moving average price is $48.20. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.97 and a beta of 0.66.

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

Insider Transactions at Portland General Electric

In other Portland General Electric news, EVP Benjamin Felton sold 4,969 shares of the stock in a transaction dated 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 sale, the executive vice president owned 41,081 shares in the company, valued at approximately $2,200,298.36. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Portland General Electric

Several large investors have recently modified their holdings of POR. V Square Quantitative Management LLC bought a new position in shares of Portland General Electric during the 4th quarter valued at about $25,000. Private Trust Co. NA boosted its stake in Portland General Electric by 76.4% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after buying an additional 239 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Portland General Electric in the 3rd quarter worth approximately $27,000. Rothschild Investment LLC boosted its stake in shares of Portland General Electric by 112.9% in the 4th quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 324 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in Portland General Electric in the third quarter worth $27,000.

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.