On November 6, 2024, Larry Bekkedahl, Senior Vice President of Portland General Electric Co (POR, Financial), sold 2,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 26,765 shares of Portland General Electric Co.
Portland General Electric Co, headquartered in Portland, Oregon, is a vertically integrated electric utility company engaged in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company also participates in wholesale markets by purchasing and selling electricity and natural gas to meet the needs of their customers.
Over the past year, the insider has sold a total of 4,027 shares and has not made any purchases. This recent transaction is part of a broader trend observed over the last year, where there have been 12 insider sells and only 1 insider buy at Portland General Electric Co.
Shares of Portland General Electric Co were trading at $47.17 on the day of the sale. The company has a market cap of approximately $4.90 billion. The price-earnings ratio of the stock is 13.88, which is lower than the industry median of 15.4 and also below the company’s historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $50.00, suggesting that Portland General Electric Co is fairly valued with a price-to-GF-Value ratio of 0.94.
This sale by the insider might be of interest to investors tracking insider behaviors and evaluating the stock’s valuation metrics in relation to its current trading price.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
