Bank of America just raised its EUR/USD forecast
PORTLAND, Ore.—Benjamin Felton, Executive Vice President and Chief Operating Officer of Portland General Electric Co. (NYSE:POR), a utility company with a market capitalization of $4.7 billion and a FAIR financial health rating according to InvestingPro, recently disclosed a sale of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Felton sold 575 shares at an average price of $41.32 per share, totaling approximately $23,759.
In addition to this sale, Felton also reported acquisitions of common stock on February 14, 2025. These acquisitions amounted to 252 shares at a price of $41.64 per share, totaling $10,493. The transactions were part of a pre-established trading plan.
Following these transactions, Felton owns 37,282 shares directly in the company, which has demonstrated stable performance with a beta of 0.62, indicating lower volatility compared to the broader market.
In other recent news, Portland General Electric Company reported strong financial results for 2024, with adjusted earnings of $3.14 per share, up from $2.38 per share in 2023. The company’s revenue increased to $3.44 billion from $2.92 billion the previous year, driven by demand growth from semiconductor manufacturing and technology infrastructure customers. For 2025, Portland General Electric provided an optimistic earnings guidance range of $3.13 to $3.33 per share, with the midpoint exceeding analyst expectations of $3.22. The utility invested $1.26 billion in capital projects in 2024, focusing on grid modernization, renewable energy integration, and wildfire risk mitigation.
In a separate development, Ladenburg Thalmann downgraded Portland General Electric’s stock rating from Buy to Neutral. The downgrade was attributed to concerns over the company’s equity financing strategy, which is expected to slow earnings per share growth. The company plans to issue $300 million in equity annually to maintain a balanced capital structure, potentially impacting its long-term EPS growth target of 5%-7%. Despite these concerns, Portland General Electric continues to focus on its clean energy transition, with plans for $1.27 billion in capital expenditures in 2025. These recent developments highlight the company’s strategic efforts and financial performance in the evolving energy landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.