Portland Gen Electric 株価情報 (NYSE: POR)

最新ニュース Portland Gen Electric (NYSE:POR) 株価情報

Portland Gen Electric

Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services in a service territory that includes about half of all Oregon residents and two thirds of the state's business activity. The company owns (wholly or through joint ventures) 3.5 gigawatts of gas, coal, wind, and hydro generation.

Portland General Electric

Portland General Electric Co Common Stock

Portland General Electric Co

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U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Thursday.
Shares of MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) fell sharply in today's pre-market trading following the company's announcement to issue more shares to finance additional Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) acquisitions. This move aligns with MicroStrategy's ongoing strategy to <a href="https://www.benzinga.com/quote/MSTR">bolster its Bitcoin reserves</a>.
MicroStrategy shares fell 3.5% to $345.65 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>NeuroPace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPCE#NASDAQ">NPCE</a>) shares dipped 10.1% to $10.01 in pre-market trading.</li>
<li>Delcath Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) declined 10% to $10.21 in pre-market trading.</li>
<li>Design Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSGN#NASDAQ">DSGN</a>) fell 8.6% to $5.80 in pre-market trading.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) fell 8.6% to $11.21 in pre-market trading.</li>
<li>SunCoke Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXC#NYSE">SXC</a>) dipped 8.2% to $9.90 in pre-market trading.</li>
<li>Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) fell 5.9% to $2.8505 in pre-market trading.</li>
<li>Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) slipped 2.5% to $42.69 in pre-market trading.</li>
</ul>
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MicroStrategy, Portland General Electric And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

In the current market session, Portland Gen Electric Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) share price is at $43.71, after a 0.02% increase. Moreover, over the past month, the stock fell by 8.93%, but in the past year, spiked by 0.76%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1735155908_0.png" alt="Past Year Chart" />

<h3>Portland Gen Electric P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 24.36 in the Electric Utilities industry, Portland Gen Electric Inc. has a lower P/E ratio of 13.19. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1735155908_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for Portland Gen Electric

B of A Securities analyst Ross Fowler maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Underperform and lowers the price target from $46 to $43.

Price Target

Analyst Ratings

B of A Securities Maintains Underperform on Portland Gen Electric, Lowers Price Target to $43

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Keybanc analyst Melissa Gorham maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Overweight and lowers the price target from $52 to $51.

Keybanc Maintains Overweight on Portland Gen Electric, Lowers Price Target to $51

Avangrid, Portland General Electric, QTS, And Meta Partner On 120 MWac Tower Solar Project In Oregon To Support PGE's Green Future Impact Program, Delivering Clean Energy And Advancing Sustainability Goals While Creating Over 200 Local Jobs In Morrow County

A new 13F filing from Viking Fund Management reveals which companies the fund bought and sold in the third quarter, including exiting some oil companies ahead of the 2024 election.
Third Quarter Exits: Viking Fund Management sold out of eight stocks completely in the third quarter, including positions in some of the largest oil companies.
Here are the positions exited, as <a href="https://13f.info/13f/000116906924000080/compare/000116906924000006">reported </a>by 13finfo:
<ul>
<li>Marathon Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</li>
<li>Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>)</li>
<li>SM Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>)</li>
<li>Southern Copper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>)</li>
<li>Sociedad Quimica y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>)</li>
<li>Murphy USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUSA#NYSE">MUSA</a>)</li>
<li>Sanofi SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NYSE">SNY</a>)</li>
<li>Cactus Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHD#NYSE">WHD</a>)</li>
</ul>
Third Quarter New Positions: The following were the new stocks added to the fund in the third quarter, ranked in size by the dollar value at the end of the quarter.
<ul>
<li>Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>)</li>
<li>EQT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>)</li>
<li>HF Sinclair Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DINO#NYSE">DINO</a>)</li>
<li>Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>)</li>
<li>NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</li>
<li>Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>)</li>
<li>Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>)</li>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>)</li>
<li>Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>)</li>
<li>Portland General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>)</li>
<li>Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>)</li>
<li>Nutrien (NTR.TO – Canada)</li>
</ul>
 Big Moves: The fund made several changes to its existing positions alongside the new positions and exited positions.
Here are the biggest additions in the quarter to existing stakes:
<ul>
<li>Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>): +16,900%</li>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>): +882%</li>
<li>LyondellBassell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>): +400%</li>
<li>Rio Tinto PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>): +386%</li>
<li>Dow Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>): +200%</li>
</ul>
Here are the biggest position cuts during the quarter to existing stakes:
<ul>
<li>Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>): -60%</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): -50%</li>
<li>Haliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>): -40%</li>
<li>ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>): -36%</li>
<li>Ovintiv (OVV.TO – Canada): -33%</li>
</ul>
Why It's Important: At the end of the quarter, these are the fund's largest positions ranked by dollar value and the percentage they make up of the fund:
<ul>
<li>Broadcom: $27.96 million, 4.5%</li>
<li>AbbVie Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>): $24.88 million, 4.0%</li>
<li>NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>): $22.65 million, 3.7%</li>
<li>Entergy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>): $16.27 million, 2.6%</li>
<li>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>): $14.24 million, 2.3%</li>
</ul>
The fund added significantly to its position in Broadcom, which remains the largest holding.
The quarter saw the sale of several oil stocks, but the fund opened new positions in several energy names in the quarter.
Photo: Shutterstock

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Viking Fund Management Sells Big Oil Stocks In Q3, Cuts Tesla Position In Half, Adds To Largest Position Broadcom

Barclays analyst Nicholas Campanella maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Equal-Weight and lowers the price target from $49 to $48.

Barclays Maintains Equal-Weight on Portland Gen Electric, Lowers Price Target to $48

Guidance

Portland General Electric Narrows 2024 Adjusted EPS Outlook To $3.08 -$3.18 from $2.98 - $3.18 Vs. $3.08 Consensus

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) reported quarterly earnings of $0.90 per share which beat the analyst consensus estimate of $0.73 by 23.29 percent. The company reported quarterly sales of $942.000 million which beat the analyst consensus estimate of $859.775 million by 9.56 percent. This is a 17.60 percent increase over sales of $801.000 million the same period last year.

Earnings

Earnings Beats

Portland Gen Electric Q3 2024 GAAP EPS $0.90 Beats $0.73 Estimate, Sales $942.000M Beat $859.775M Estimate

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) will release its quarterly earnings report on Friday, 2024-10-25. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Portland Gen Electric to report an earnings per share (EPS) of $0.60.
Investors in Portland Gen Electric are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Earnings Track Record</h3>
During the last quarter, the company reported an EPS beat by $0.07, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at Portland Gen Electric's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.62</td>
<td>1.09</td>
<td>0.88</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.69</td>
<td>1.21</td>
<td>0.67</td>
<td>0.46</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-1.0%</td>
<td>0.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729782025_0.png" alt="eps graph" />
<h3>Portland Gen Electric Share Price Analysis</h3>
Shares of Portland Gen Electric were trading at $49.0 as of October 23. Over the last 52-week period, shares are up 23.89%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Perspectives on Portland Gen Electric</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Portland Gen Electric.
Analysts have provided Portland Gen Electric with 5 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $50.6, suggesting a potential 3.27% upside.
<h3>Peer Ratings Overview</h3>
The analysis below examines the analyst ratings and average 1-year price targets of Idacorp, TXNM Energy and MGE Energy, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>For Idacorp, analysts project an Neutral trajectory, with an average 1-year price target of $107.5, indicating a potential 119.39% upside.</li>
<li>As per analysts' assessments, TXNM Energy is favoring an Outperform trajectory, with an average 1-year price target of $47.75, suggesting a potential 2.55% downside.</li>
<li>As per analysts' assessments, MGE Energy is favoring an Underperform trajectory, with an average 1-year price target of $72.5, suggesting a potential 47.96% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
Within the peer analysis summary, vital metrics for Idacorp, TXNM Energy and MGE Energy are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Portland Gen Electric</td>
<td>Neutral</td>
<td>16.98%</td>
<td>$483M</td>
<td>2.07%</td>
</tr>
<tr>
<td>Idacorp</td>
<td>Neutral</td>
<td>8.99%</td>
<td>$104.02M</td>
<td>2.93%</td>
</tr>
<tr>
<td>TXNM Energy</td>
<td>Outperform</td>
<td>2.29%</td>
<td>$308.81M</td>
<td>2.02%</td>
</tr>
<tr>
<td>MGE Energy</td>
<td>Underperform</td>
<td>-1.54%</td>
<td>$62.60M</td>
<td>2.05%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Portland Gen Electric is positioned in the middle among its peers for revenue growth. It ranks at the bottom for gross profit. The company is at the top for return on equity.
<h3>Delving into Portland Gen Electric's Background</h3>
Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services in a service territory that includes about half of all Oregon residents and two thirds of the state's business activity. The company owns (wholly or through joint ventures) 3.5 gigawatts of gas, coal, wind, and hydro generation.
<h3>Financial Milestones: Portland Gen Electric's Journey</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Portland Gen Electric's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 16.98% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Utilities sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.5%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Portland Gen Electric's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.07% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.62%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.36, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/POR/earnings">To track all earnings releases for Portland Gen Electric visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Portland Gen Electric's Earnings: A Preview

JP Morgan analyst Richard Sunderland maintains Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Overweight and raises the price target from $54 to $55.

JP Morgan Maintains Overweight on Portland Gen Electric, Raises Price Target to $55

Evercore ISI Group analyst Michael Lonegan initiates coverage on Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Outperform rating and announces Price Target of $54.

Initiation

Evercore ISI Group Initiates Coverage On Portland Gen Electric with Outperform Rating, Announces Price Target of $54

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Hold rating and announces Price Target of $48.

Jefferies Initiates Coverage On Portland Gen Electric with Hold Rating, Announces Price Target of $48

Barclays analyst Nicholas Campanella downgrades Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) from Overweight to Equal-Weight and raises the price target from $48 to $49.

Downgrades

Barclays Downgrades Portland Gen Electric to Equal-Weight, Raises Price Target to $49

B of A Securities analyst Ross Fowler reinstates Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Underperform and announces $47 price target.

B of A Securities Reinstates Underperform on Portland Gen Electric, Announces $47 Price Target

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.
<h3 class="wp-block-heading">Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>)</h3>
<ul>
<li>Dividend Yield: 4.33%</li>
<li>Barclays analyst Nicholas Campanella maintained an Overweight rating and raised the price target from $44 to $48 on July 22. This analyst has an accuracy rate of 65%.</li>
<li>Mizuho analyst Anthony Crowdell maintained a Neutral rating and boosted the price target from $42 to $45 on May 16. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On July 26, Portland General Electric posted better-than-expected quarterly results.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://pro.benzinga.com/dashboard"> latest POR news</a></li>
</ul>
<h3 class="wp-block-heading">ALLETE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALE#NYSE">ALE</a>)</h3>
<ul>
<li>Dividend Yield: 4.39%</li>
<li>Mizuho analyst Anthony Crowdellmaintained a Neutral rating and increased the price target from $57 to $67 on May 16. This analyst has an accuracy rate of 63%.</li>
<li>Wells Fargo analyst Sarah Akers maintained an Equal-Weight rating and raised the price target from $57 to $59 on Feb. 21. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Aug. 1, ALLETE posted downbeat quarterly results.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://pro.benzinga.com/dashboard">trend in ALE's stock</a>.</li>
</ul>
<h3 class="wp-block-heading">Clearway Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>)</h3>
<ul>
<li>Dividend Yield: 6.05%</li>
<li>Morgan Stanley analyst Robert Kadupgraded the stock from Equal-Weight to Overweight and boosted the price target from $25 to $36 on July 31. This analyst has an accuracy rate of 80%.</li>
<li>Oppenheimer analyst Noah Kaye maintained an Outperform rating and raised the price target from $33 to $37 on Jan. 19. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Aug. 1, Clearway Energy posted a decline in second-quarter sales.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro&#8217;s signals feature</a> notified of a potential breakout in CWEN's shares.</li>
</ul>
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Dividends

CWEN

Wall Street's Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields

The Nasdaq 100 closed lower by more than 200 points during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) President and CEO Jen Hsun Huang <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 240,000 shares</a> at an average price of $120.29. The insider received around $28.9 million from selling those shares.</li>
<li>What's Happening: On July 22, Piper Sandler analyst Harsh Kumar maintained NVIDIA with an Overweight and raised the price target from $120 to $140.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1">latest NVDA news</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="671" height="751" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26051834/Screenshot-2024-07-26-at-2.48.28-PM.png" alt="" class="wp-image-458834" style="width:395px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26051834/Screenshot-2024-07-26-at-2.48.28-PM.png 671w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26051834/Screenshot-2024-07-26-at-2.48.28-PM-268x300.png 268w" sizes="(max-width: 671px) 100vw, 671px" /></a></figure>
<h3 class="wp-block-heading">Lockheed Martin</h3>
<ul>
<li>The Trade: Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) Pres. Missiles &amp; Fire Control Timothy S Cahill <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 3,975 shares</a> at an average price of $515.36. The insider received around $2.05 million from selling those shares.</li>
<li>What's Happening: On July 25, JP Morgan analyst Seth Seifman maintained Lockheed Martin with an Overweight and raised the price target from $518 to $560.</li>
<li>What Lockheed Martin Does: Lockheed Martin is the world&#8217;s largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1">trend in LMT stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="683" height="745" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26051929/Screenshot-2024-07-26-at-2.49.25-PM.png" alt="" class="wp-image-458836" style="width:402px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26051929/Screenshot-2024-07-26-at-2.49.25-PM.png 683w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26051929/Screenshot-2024-07-26-at-2.49.25-PM-275x300.png 275w" sizes="(max-width: 683px) 100vw, 683px" /></a></figure>
<h3 class="wp-block-heading">Paychex</h3>
<ul>
<li>The Trade: Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) Sr. VP of Sales Mark Anthony Bottini <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,954 shares</a> at an average price of $123.60. The insider received around $1.1 million from selling those shares.</li>
<li>What's Happening: On July 10, Paychex declared a regular quarterly cash dividend of 98 cents per share.</li>
<li>What Paychex Does: Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1">breakout in PAYX shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="660" height="755" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26052018/Screenshot-2024-07-26-at-2.50.13-PM.png" alt="" class="wp-image-458837" style="width:488px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26052018/Screenshot-2024-07-26-at-2.50.13-PM.png 660w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26052018/Screenshot-2024-07-26-at-2.50.13-PM-262x300.png 262w" sizes="(max-width: 660px) 100vw, 660px" /></a></figure>
<h3 class="wp-block-heading">Portland General Electric</h3>
<ul>
<li>The Trade: Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) EVP, COO Benjamin Felton <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,886 shares</a> at an average price of $48.00. The insider received around $90,528 from selling those shares.</li>
<li>What's Happening: On July 22, Keybanc analyst Sophie Karp upgraded Portland Gen Electric from Sector Weight to Overweight.</li>
<li>What Portland General Electric Does: Portland General Electric is a regulated electric utility providing generation, transmission, and distribution services in a service territory that includes about half of all Oregon residents and two thirds of the state&#8217;s business activity.</li>
<li>Benzinga Pro's earnings calendar was used to track POR <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1">upcoming earnings report</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="663" height="745" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26052844/Screenshot-2024-07-26-at-2.58.33-PM.png" alt="" class="wp-image-458860" style="width:458px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26052844/Screenshot-2024-07-26-at-2.58.33-PM.png 663w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26052844/Screenshot-2024-07-26-at-2.58.33-PM-267x300.png 267w" sizes="(max-width: 663px) 100vw, 663px" /></a></figure>
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Short Ideas

Insider Trades

NVDA

PAYX

Nvidia, Lockheed Martin And 2 Other Stocks Insiders Are Selling

2024 Earnings&nbsp;Guidance
PGE is reaffirming its estimate for full-year 2024 adjusted earnings&nbsp;guidance&nbsp;of&nbsp;$2.98&nbsp;to&nbsp;$3.18&nbsp;per diluted share based on the following assumptions:
<ul>
<li>Exclusion of the impacts of the&nbsp;January 2024&nbsp;winter storm, including non-deferrable Reliability Contingency Event (RCE) costs and non-deferred incremental storm restoration costs;</li>
<li>An increase in energy deliveries of&nbsp;2%&nbsp;to&nbsp;3%, weather adjusted;</li>
<li>Normal temperatures in its utility service territory;</li>
<li>Hydro conditions for the year that reflect current estimates;</li>
<li>Wind generation based on five years of historical levels or forecast studies when historical data is not available;</li>
<li>Normal thermal plant operations;</li>
<li>Operating and maintenance expense between&nbsp;$800 million&nbsp;and&nbsp;$825 million&nbsp;which includes approximately&nbsp;$150 million&nbsp;of wildfire, vegetation management, deferral amortization and other expenses that are offset in other income statement lines;</li>
<li>Depreciation and amortization expense between&nbsp;$475 million&nbsp;and&nbsp;$525 million;</li>
<li>Effective tax rate of&nbsp;10%&nbsp;to&nbsp;15%;</li>
<li>Cash from operations of&nbsp;$700&nbsp;to&nbsp;$800 million;</li>
<li>Capital expenditures of&nbsp;$1,340&nbsp;million; and</li>
<li>Average construction work in progress balance of&nbsp;$740 million.</li>
</ul>

Portland General Electric Reaffirms 2024 Guidance: Projects Adjusted EPS Of $2.98-$3.18 Vs. $3.06 Consensus, And Cash From Operations Of $700M-$800M

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.61 by 13.11 percent. This is a 76.92 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $758.000 million which beat the analyst consensus estimate of $715.055 million by 6.01 percent. This is a 16.98 percent increase over sales of $648.000 million the same period last year.

Portland Gen Electric Q2 2024 GAAP EPS $0.69 Beats $0.61 Estimate, Sales $758.000M Beat $715.055M Estimate

Wolfe's most shorted 'Hit List' – FSLR, BE, WBA, SJM

Avangrid, Portland General Electric partner to build Oregon solar project

KeyBanc lowered the firm's price target on Portland General Electric (POR) to $51 from $52 and keeps an Overweight rating on the shares. The firm b...

Portland General Electric price target lowered to $51 from $52 at KeyBanc

There's a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Portland GE (POR – Research Report) and Talen Energy ...

Analysts Offer Insights on Utilities Companies: Portland GE (POR) and Talen Energy Corp (TLN)

Top 5 Dividend Stocks For 2025

Columbia Select Small Cap Value Fund Q3 2024 Commentary

IDU: Utilities Dashboard For December

Dividend Champion, Contender, And Challenger Highlights: Week Of December 22

BofA lowered the firm's price target on Portland General Electric (POR) to $43 from $46 and keeps an Underperform rating on the shares after the Pu...

Portland General Electric price target lowered to $43 from $46 at BofA

Bank of America Securities analyst Ross Fowler reiterated a Sell rating on Portland GE (POR – Research Report) today and set a price target of $43....

Portland General Electric Downgraded to Sell Amid Regulatory Challenges and Project Exclusions

ALRS

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Commodities

Press Releases

PGE joins Grid United and ALLETE in 3,000 megawatt east-west transmission line

Portland General Electric schedules earnings release and conference call for Friday, July 26

Portland General Electric declares dividend

Portland General Electric Announces Second Quarter 2024 Results

Portland General Electric schedules earnings release and conference call for Friday, October 25

Portland General Electric Announces Third Quarter 2024 Results

Portland General Electric's new wind farm contributes to record-high wind generation for Oregon customers

Avangrid and Portland General Electric Collaborate with QTS and Meta to Build 120 MWac Solar Project in Oregon

PGE receives decision from Oregon Public Utility Commission in 2025 rate review

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