Joseph Trpik, Jr. Sells 7,500 Shares of Portland General Electric (NYSE:POR) Stock

Portland General Electric Company (NYSE:POR) CFO Joseph Trpik, Jr. sold 7,500 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total transaction of $367,725.00. Following the completion of the transaction, the chief financial officer owned 31,897 shares of the company’s stock, valued at approximately $1,563,909.91. This represents a 19.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Portland General Electric Price Performance

POR traded down $0.03 during midday trading on Friday, hitting $48.59. The company had a trading volume of 254,787 shares, compared to its average volume of 1,280,477. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.09. The company has a market capitalization of $5.62 billion, a PE ratio of 21.69, a P/E/G ratio of 2.04 and a beta of 0.54. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $54.62. The firm’s 50-day simple moving average is $52.33 and its 200-day simple moving average is $50.27.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, May 1st. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.19). The business had revenue of $879.00 million during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.91 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Equities research analysts predict that Portland General Electric Company will post 3.4 EPS for the current fiscal year.

Portland General Electric Increases Dividend

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

Hedge Funds Weigh In On Portland General Electric

A number of institutional investors and hedge funds have recently modified their holdings of POR. Clearbridge Investments LLC boosted its holdings in shares of 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 in the last quarter. Norges Bank bought a new position in shares of Portland General Electric during the 4th quarter worth approximately $56,497,000. AQR Capital Management LLC boosted its holdings in shares of Portland General Electric by 42.2% during the 4th quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock worth $170,448,000 after buying an additional 1,054,450 shares in the last quarter. UBS Group AG lifted its holdings 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 purchasing an additional 739,404 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Portland General Electric by 99.4% in the 3rd quarter. Millennium Management LLC now owns 1,385,777 shares of the utilities provider’s stock worth $60,974,000 after purchasing an additional 690,743 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have commented on POR shares. Barclays raised their target price 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. UBS Group lifted their price objective on shares of Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 price objective on shares of Portland General Electric in a research report on Thursday, February 19th. JPMorgan Chase & Co. upped their price objective on shares of Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Finally, Wells Fargo & Company set a $51.00 target price on Portland General Electric in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.00.

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.