Portland General Electric (NYSE:POR) VP Juan Diego Gallegos Sells 2,750 Shares of Stock

Portland General Electric Company (NYSE:POR) VP Juan Diego Gallegos sold 2,750 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $48.67, for a total value of $133,842.50. Following the completion of the transaction, the vice president owned 12,127 shares in the company, valued at $590,221.09. The trade was a 18.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Portland General Electric Price Performance

Shares of NYSE POR opened at $48.41 on Wednesday. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $54.62. The stock’s 50 day moving average price is $52.02 and its 200-day moving average price is $50.34. The company has a market capitalization of $5.60 billion, a PE ratio of 21.61, a PEG ratio of 2.02 and a beta of 0.54. The company has a quick ratio of 0.95, a current ratio of 1.09 and a debt-to-equity ratio of 1.19.

Portland General Electric (NYSE:POR) last announced its 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). 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 analysts’ expectations of $953.24 million. During the same quarter in the previous year, the firm earned $0.91 EPS. Portland General Electric’s quarterly revenue was down 5.3% on a year-over-year basis. On average, equities analysts anticipate that Portland General Electric Company will post 3.4 EPS for the current year.

Portland General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be paid a $0.5513 dividend. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Thursday, June 25th. This is a boost from Portland General Electric’s previous quarterly dividend of $0.53. Portland General Electric’s dividend payout ratio (DPR) is presently 93.75%.

Analyst Ratings Changes

Several equities analysts recently commented on POR shares. BTIG Research reiterated a “buy” rating and issued a $58.00 price objective on shares of Portland General Electric in a research note on Friday, January 30th. Weiss Ratings downgraded Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price objective on shares of Portland General Electric in a research note on Thursday, February 19th. Wells Fargo & Company set a $51.00 price objective on Portland General Electric in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their price objective on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research note 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Institutional Investors Weigh In On Portland General Electric

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Portland General Electric by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 13,020,573 shares of the utilities provider’s stock worth $624,857,000 after buying an additional 513,517 shares in the last quarter. State Street Corp increased its position in shares of Portland General Electric by 3.4% in the fourth quarter. State Street Corp now owns 4,728,784 shares of the utilities provider’s stock worth $229,333,000 after purchasing an additional 156,164 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Portland General Electric by 1,342.7% in the fourth quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock worth $222,824,000 after purchasing an additional 4,321,305 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Portland General Electric by 42.2% in the fourth quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock worth $170,448,000 after purchasing an additional 1,054,450 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Portland General Electric by 23.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,985,941 shares of the utilities provider’s stock worth $131,381,000 after purchasing an additional 564,379 shares during the last quarter.

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.