Portland General Electric Company $POR Shares Acquired by Trust Co. of Vermont

Trust Co. of Vermont grew its position in Portland General Electric Company (NYSE:POR) by 91.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,257 shares of the utilities provider’s stock after purchasing an additional 8,263 shares during the quarter. Trust Co. of Vermont’s holdings in Portland General Electric were worth $701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of POR. Wayfinding Financial LLC acquired a new stake in shares of Portland General Electric in the 1st quarter valued at $27,000. Private Trust Co. NA raised its holdings in shares of Portland General Electric by 62.6% in the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 244 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in shares of Portland General Electric by 113.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 345 shares in the last quarter. S.A. Mason LLC acquired a new stake in shares of Portland General Electric in the 2nd quarter valued at $29,000. Finally, Tompkins Financial Corp raised its holdings in shares of Portland General Electric by 83.3% in the 2nd quarter. Tompkins Financial Corp now owns 1,100 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 500 shares in the last quarter.

Insider Transactions at Portland General Electric

In other news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $41.35, for a total value of $107,634.05. Following the completion of the sale, the chief financial officer owned 27,089 shares in the company, valued at approximately $1,120,130.15. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Maria M. Pope sold 18,896 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total transaction of $803,080.00. Following the completion of the sale, the chief executive officer owned 194,135 shares of the company’s stock, valued at $8,250,737.50. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,436 shares of company stock worth $988,388. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 22nd. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $45.40.

Portland General Electric Trading Down 1.4%

NYSE POR opened at $43.40 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. The firm’s fifty day moving average price is $42.40 and its 200 day moving average price is $42.12. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 4.02 and a beta of 0.62. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $49.85.

Portland General Electric (NYSE:POR) last posted its earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The firm had revenue of $807.00 million for the quarter, compared to the consensus estimate of $797.97 million. During the same period last year, the firm posted $0.69 EPS. The company’s revenue was up 6.5% on a year-over-year basis. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, sell-side analysts expect that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, September 25th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Thursday, September 25th. Portland General Electric’s dividend payout ratio (DPR) is 77.49%.

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. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.