U.S. stocks edge higher; solid earnings season continues
Maria Angelica Espinosa, Senior Vice President, Chief Legal and Compliance Officer at Portland General Electric Co (NYSE:POR), recently sold 2,199 shares of the company's common stock. The sale, which took place on February 13, 2025, was executed at an average price of $41.90 per share, totaling approximately $92,138. The transaction comes as POR trades near its 52-week low, with analysts setting price targets ranging from $41 to $60. According to InvestingPro, the company maintains a "GOOD" financial health score.
In earlier transactions on February 12, Espinosa acquired 13,053 shares of common stock at $41.85 per share, a move that increased her holdings significantly. Following these transactions, Espinosa's total direct ownership stands at 24,839 shares.
These transactions were part of a pre-arranged trading plan, as indicated in the filing.
In other recent news, Portland General Electric Company reported robust earnings for 2024 and presented an encouraging outlook for 2025. The company's adjusted earnings rose to $3.14 per share in 2024, an increase from $2.38 per share in the previous year. Additionally, revenue climbed to $3.44 billion, up from $2.92 billion.
For 2025, the company's adjusted earnings guidance ranges from $3.13 to $3.33 per share, with the midpoint surpassing the analyst consensus of $3.22. Portland General Electric Company's revenue growth was primarily driven by increased demand from semiconductor manufacturing and technology infrastructure customers, partially offset by lower residential and commercial usage.
The company invested $1.26 billion in capital projects in 2024, including grid modernization and renewable energy integration. Looking ahead, the company anticipates energy deliveries to grow between 2.5% and 3.5% in 2025 and plans to invest $1.27 billion in capital expenditures to further its clean energy transition. These recent developments highlight Portland General Electric Company's strong performance and growth initiatives.
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