Portland General Electric Co (NYSE: POR) is 13.06% higher on its value in year-to-date trading and has touched a low of $39.13 and a high of $49.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The POR stock was last observed hovering at around $48.55 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $49.00, the stock is 3.12% and 2.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing 0.93% at the moment leaves the stock 11.27% off its SMA200. POR registered 24.52% gain for a year compared to 6-month gain of 12.15%. The firm has a 50-day simple moving average (SMA 50) of $47.6724 and a 200-day simple moving average (SMA200) of $44.0378.
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The stock witnessed a 3.40% loss in the last 1 month and extending the period to 3 months gives it a 2.36%, and is 0.57% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.38% over the week and 1.36% over the month.
Portland General Electric Co (POR) has around 2842 employees, a market worth around $5.05B and $2.96B in sales. Current P/E ratio is 16.85 and Fwd P/E is 15.12. Profit margin for the company is 9.98%. Distance from 52-week low is 25.21% and -0.91% from its 52-week high. The company has generated returns on investments over the last 12 months (3.65%).
The EPS is expected to grow by 30.03% this year
529.0 institutions hold shares in Portland General Electric Co (POR), with institutional investors hold 106.12% of the company’s shares. The shares outstanding are 103.07M, and float is at 102.54M with Short Float at 3.20%. Institutions hold 105.61% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.9 million shares valued at $601.17 million. The investor’s holdings represent 13.7248 of the POR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.24 million shares valued at $485.88 million to account for 11.0928 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 4.52 million shares representing 4.4583 and valued at over $195.28 million, while STATE STREET CORP holds 4.0048 of the shares totaling 4.06 million with a market value of $177.38 million.
Portland General Electric Co (POR) Insider Activity
The most recent transaction is an insider purchase by Felton Benjamin, the company’s EVP, COO. SEC filings show that Felton Benjamin bought 11 shares of the company’s common stock on Sep 11 ’24 at a price of $47.48 per share for a total of $522.0. Following the purchase, the insider now owns 30153.0 shares.
Portland General Electric Co disclosed in a document filed with the SEC on Sep 10 ’24 that Espinosa Maria Angelica (SVP, Chief Legal & Compliance) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Sep 10 ’24 and was made at $48.30 per share for $0.12 million. Following the transaction, the insider now directly holds 14263.0 shares of the POR stock.
Still, SEC filings show that on Sep 10 ’24, Espinosa Maria Angelica (Officer) Proposed Sale 2,500 shares at an average price of $48.30 for $0.12 million. The insider now directly holds shares of Portland General Electric Co (POR).
