Portland General Electric (NYSE:POR) Declares Quarterly Dividend of $0.39

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Portland General Electric (NYSE:POR) announced a quarterly dividend on Wednesday, October 30th, RTT News reports. Stockholders of record on Thursday, December 26th will be paid a dividend of 0.385 per share by the utilities provider on Wednesday, January 15th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.72%.

Shares of NYSE:POR traded down $0.32 during midday trading on Thursday, reaching $56.55. The company’s stock had a trading volume of 4,019 shares, compared to its average volume of 572,678. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 5.09 and a beta of 0.15. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 0.99. Portland General Electric has a 1 year low of $43.73 and a 1 year high of $58.43. The business has a 50 day moving average price of $56.39 and a 200 day moving average price of $54.81.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.23). The business had revenue of $460.00 million during the quarter, compared to analysts’ expectations of $466.66 million. Portland General Electric had a net margin of 9.61% and a return on equity of 7.93%. Portland General Electric’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Sell-side analysts anticipate that Portland General Electric will post 2.38 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the company. Sidoti assumed coverage on Portland General Electric in a report on Friday, September 27th. They issued a “neutral” rating and a $57.00 target price on the stock. Zacks Investment Research upgraded Portland General Electric from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st. ValuEngine cut Portland General Electric from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Mizuho upgraded Portland General Electric from a “neutral” rating to a “buy” rating and lifted their target price for the company from $52.00 to $59.00 in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Portland General Electric presently has an average rating of “Hold” and an average target price of $54.00.

In other Portland General Electric news, VP Kristin Anne Stathis sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $57.87, for a total transaction of $231,480.00. Following the transaction, the vice president now owns 8,359 shares in the company, valued at $483,735.33. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by company insiders.

About Portland General Electric

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.

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Dividend History for Portland General Electric (NYSE:POR)

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