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Joseph R. Trpik Jr., the Senior Vice President and Chief Financial Officer of Portland General Electric Co. (NYSE:POR), recently reported a series of stock transactions involving the company’s common stock. According to the latest SEC filing, Trpik executed a sale of 1,375 shares on February 18, 2025, at a price of $41.32 per share, totaling approximately $56,815. The stock currently trades at $43.19, with InvestingPro analysis indicating the stock is slightly overvalued relative to its Fair Value.
In addition to the sale, Trpik also reported acquisitions totaling 242 shares on February 14, 2025, at a price of $41.64 per share, amounting to $10,076. Furthermore, he disclosed transactions that involved the disposition of 1,772 shares at the same price, totaling $73,786. The company, with a market capitalization of $4.7 billion, has maintained dividend payments for 20 consecutive years and currently offers a 4.7% dividend yield.
These transactions leave Trpik with a direct ownership of 31,960 shares in the company. InvestingPro subscribers can access additional insights, including 8 more ProTips and comprehensive financial metrics in the Pro Research Report, helping investors make more informed decisions about POR’s investment potential.
In other recent news, Portland General Electric Company reported strong financial results for 2024, with adjusted earnings reaching $3.14 per share, a significant increase from $2.38 per share in 2023. The company’s revenue also saw a rise, growing to $3.44 billion from $2.92 billion the previous year. Looking ahead, Portland General has provided a 2025 earnings guidance of $3.13 to $3.33 per share, surpassing the analyst consensus of $3.22 at the midpoint. The company attributed its financial success to growth from new and returning customers, operational improvements, and investments in clean energy resources.
In terms of capital investments, Portland General Electric spent $1.26 billion in 2024 to support grid modernization and renewable energy projects, including the commissioning of a 75 MW battery energy storage system. For 2025, the company plans to continue its investment strategy with $1.27 billion allocated for further capital expenditures. Despite these positive developments, analysts from Ladenburg Thalmann downgraded the company’s stock rating from Buy to Neutral, citing concerns about the impact of equity financing on earnings per share growth. The company plans to issue $300 million in equity annually to maintain a balanced capital structure, which analysts believe may slow EPS growth in the near term. These recent developments highlight the mixed outlook for Portland General Electric as it navigates its financial strategies and growth plans.
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