Portland General Electric Company (NYSE:POR – Get Free Report) VP Juan Diego Gallegos sold 2,750 shares of Portland General Electric stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $48.67, for a total transaction of $133,842.50. Following the sale, the vice president owned 12,127 shares of the company’s stock, valued at approximately $590,221.09. This trade represents a 18.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Portland General Electric Trading Down 0.4%
POR traded down $0.20 during midday trading on Tuesday, hitting $48.16. The company’s stock had a trading volume of 170,729 shares, compared to its average volume of 1,276,531. The company has a current ratio of 1.09, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. The firm has a market cap of $5.57 billion, a P/E ratio of 21.55, a PEG ratio of 2.03 and a beta of 0.54. 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 price of $52.13 and a two-hundred day moving average price of $50.32.
Portland General Electric (NYSE:POR – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The company had revenue of $879.00 million during the quarter, compared to analyst estimates of $953.24 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. On average, research analysts anticipate that Portland General Electric Company will post 3.4 earnings per share for the current year.
Portland General Electric Increases Dividend
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in POR. Clearbridge Investments LLC lifted its holdings in Portland General Electric by 1,342.7% during the 4th quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock worth $222,824,000 after buying an additional 4,321,305 shares during the last quarter. Norges Bank acquired a new stake in Portland General Electric in the 4th quarter valued at approximately $56,497,000. AQR Capital Management LLC raised its stake in shares of Portland General Electric by 42.2% during the fourth quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock valued at $170,448,000 after purchasing an additional 1,054,450 shares in the last quarter. UBS Group AG lifted its stake in shares of Portland General Electric by 514.3% in the 4th quarter. UBS Group AG now owns 883,162 shares of the utilities provider’s stock worth $42,383,000 after acquiring an additional 739,404 shares during the period. Finally, Millennium Management LLC boosted its stake in Portland General Electric by 99.4% during the 3rd quarter. Millennium Management LLC now owns 1,385,777 shares of the utilities provider’s stock valued at $60,974,000 after purchasing an additional 690,743 shares in the last quarter.
Analysts Set New Price Targets
Several brokerages recently commented on POR. UBS Group raised their target price on Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Weiss Ratings lowered shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Wells Fargo & Company set a $51.00 target price on shares of Portland General Electric in a research report on Tuesday, April 21st. Barclays upped their target price on shares of 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, nine have assigned 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 an average target price of $51.00.
Get Our Latest Stock Analysis on Portland General Electric
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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