Robert Hoglund Purchases 2,000 Shares of Portland General Electric (NYSE:POR) Stock

Portland General Electric Company (NYSE:POR) Director Robert Hoglund purchased 2,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $48.80 per share, with a total value of $97,600.00. Following the purchase, the director owned 2,519 shares of the company’s stock, valued at approximately $122,927.20. This represents a 385.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Portland General Electric Stock Performance

Shares of NYSE:POR traded up $0.16 on Tuesday, hitting $48.52. The company’s stock had a trading volume of 512,541 shares, compared to its average volume of 1,280,594. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $54.62. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 2.03 and a beta of 0.54. The stock’s 50-day moving average is $52.13 and its two-hundred day moving average is $50.32. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.09.

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

Portland General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be paid a dividend of $0.5513 per share. This is an increase from Portland General Electric’s previous quarterly dividend of $0.53. This represents a $2.21 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, June 25th. Portland General Electric’s dividend payout ratio (DPR) is 93.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on POR shares. BTIG Research reaffirmed a “buy” rating and set a $58.00 target price on shares of Portland General Electric in a research note on Friday, January 30th. Weiss Ratings cut Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Barclays raised their target price on Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 target price on shares of Portland General Electric in a report on Thursday, February 19th. Finally, JPMorgan Chase & Co. upped their target price on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and an average target price of $51.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Portland General Electric in the 4th quarter worth about $25,000. Private Trust Co. NA increased its position in Portland General Electric by 76.4% in 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. Root Financial Partners LLC acquired a new position in Portland General Electric in the 3rd quarter worth about $27,000. Johnson Financial Group Inc. acquired a new position in Portland General Electric in the 3rd quarter worth about $27,000. Finally, Rothschild Investment LLC increased its position in Portland General Electric by 112.9% in 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.

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.