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Portland General Electric (POR) Insider Makes Significant Share Sale

05/07/2021 18:31

10:19 PM EDT, 05/07/2021 (MT Newswires) -- A filing with the SEC today disclosed a substantial insider sale of Portland General Electric shares as -- M Lee Pelton, Director -- disposed of 24,500 shares in the company having a market value of approximately $1,221,281. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,500 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 26,000 shares and have averaged 13,000 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Portland General Electric is greater than its 76-company peer group average. The Electric Utilities peer group saw 96 buy/sell trades during this period for an average of 1.3 transactions per company. However, the number of shares traded per transaction by Portland General Electric insiders is lower than its peers. Within the peer group there were 2,311,883 shares purchased and 325,953 shares sold with company insiders purchasing 34,841 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.