Portland General Electric (NYSE:POR – Get Rating) VP Brett Michael Sims sold 2,050 shares of Portland General Electric stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $47.00, for a total value of $96,350.00. Following the completion of the transaction, the vice president now owns 10,978 shares of the company’s stock, valued at approximately $515,966. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Portland General Electric Price Performance
POR stock opened at $46.07 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.81 and a quick ratio of 0.75. The business has a 50 day simple moving average of $47.83 and a 200-day simple moving average of $47.66. The firm has a market capitalization of $4.12 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 3.46 and a beta of 0.56. Portland General Electric has a 1 year low of $41.58 and a 1 year high of $57.03.
Portland General Electric Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Monday, March 27th will be given a $0.4525 dividend. The ex-dividend date is Friday, March 24th. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.45. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.93%. Portland General Electric’s dividend payout ratio is 69.62%.
Institutional Investors Weigh In On Portland General Electric
Analyst Upgrades and Downgrades
POR has been the subject of several recent analyst reports. Credit Suisse Group lifted their price target on Portland General Electric from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, February 21st. Wells Fargo & Company boosted their price objective on Portland General Electric from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Friday, February 17th. Finally, StockNews.com lowered Portland General Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.00.
About Portland General Electric
Portland General Electric Co engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The firm also sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers. It also serves residential, commercial and non-residential customers.
- Get a free copy of the StockNews.com research report on Portland General Electric (POR)
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