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Maria Angelica Espinosa, Senior Vice President and Chief Legal & Compliance Officer at Portland General Electric Co (NYSE:POR), recently executed a series of stock transactions. On February 18, Espinosa sold 2,618 shares of common stock for approximately $108,175, at an average price of $41.32 per share.
Earlier, on February 14, Espinosa acquired a total of 296 shares of common stock at a price of $41.64 per share, amounting to approximately $12,325. In addition, she disposed of 1,503 shares to cover tax obligations, valued at around $62,584, also at $41.64 per share. Following these transactions, Espinosa holds 21,014 shares of Portland General Electric.
In other recent news, Portland General Electric Company reported its 2024 financial results, showcasing a strong performance with adjusted earnings of $3.14 per share, an increase from $2.38 per share in 2023. The company’s revenue also rose to $3.44 billion from $2.92 billion the previous year, driven by growth in demand from semiconductor manufacturing and technology infrastructure customers. Looking ahead, Portland General Electric provided an optimistic earnings guidance for 2025, projecting adjusted earnings between $3.13 and $3.33 per share, with the midpoint surpassing the analyst consensus of $3.22. In addition to its financial results, the company invested $1.26 billion in capital projects during 2024, focusing on grid modernization, renewable energy integration, and wildfire risk mitigation.
In other developments, Ladenburg Thalmann downgraded Portland General Electric’s stock rating from Buy to Neutral. This decision was influenced by concerns over the company’s equity financing strategy, which involves issuing $300 million in equity annually. Analysts from Ladenburg Thalmann noted that this approach might slow down the company’s earnings per share growth in the near term, potentially falling short of its long-term target range of 5%-7%. Despite these concerns, Portland General Electric remains committed to maintaining a balanced mix of equity and debt to fund new projects. Investors will be closely observing how the company navigates these financial strategies while aiming to sustain its growth trajectory.
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