Portland General Electric Company (NYSE:POR – Get Free Report) Director Robert Hoglund bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of $48.80 per share, with a total value of $97,600.00. Following the transaction, the director directly owned 2,519 shares of the company’s stock, valued at $122,927.20. The trade was a 385.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Portland General Electric Trading Up 0.1%
NYSE:POR opened at $48.41 on Wednesday. Portland General Electric Company has a 52 week low of $39.54 and a 52 week high of $54.62. The firm has a 50 day moving average of $52.02 and a 200 day moving average of $50.34. The company has a quick ratio of 0.95, a current ratio of 1.09 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 2.02 and a beta of 0.54.
Portland General Electric (NYSE:POR – Get Free Report) last posted its earnings results on Thursday, April 30th. The utilities provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $953.24 million. During the same period in the previous year, the company earned $0.91 EPS. The company’s revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Portland General Electric Company will post 3.4 earnings per share for the current fiscal year.
Portland General Electric Increases Dividend
Wall Street Analysts Forecast Growth
POR has been the subject of a number of research analyst reports. UBS Group raised their price target on shares of Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. raised their price target on shares of Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Weiss Ratings cut shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Barclays raised their price target on shares of Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $58.00 price target on shares of Portland General Electric in a report on Friday, January 30th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Portland General Electric currently has a consensus rating of “Hold” and a consensus price target of $51.00.
Read Our Latest Research Report on Portland General Electric
Institutional Trading of Portland General Electric
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Portland General Electric during the fourth quarter valued at $25,000. Private Trust Co. NA grew its position in Portland General Electric by 76.4% during the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares during the period. Root Financial Partners LLC acquired a new stake in Portland General Electric during the third quarter valued at $27,000. Johnson Financial Group Inc. acquired a new stake in Portland General Electric during the third quarter valued at $27,000. Finally, Rothschild Investment LLC grew its position in Portland General Electric by 112.9% during the fourth quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after buying an additional 324 shares during the period.
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.
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