iSAM Funds UK Ltd Makes New $344,000 Investment in Portland General Electric (NYSE:POR)

iSAM Funds UK Ltd purchased a new stake in Portland General Electric (NYSE:POR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,181 shares of the utilities provider’s stock, valued at approximately $344,000.

A number of other institutional investors also recently modified their holdings of POR. V Square Quantitative Management LLC bought a new stake in Portland General Electric during the 3rd quarter valued at $25,000. Allworth Financial LP raised its stake in shares of Portland General Electric by 74.4% during the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 265 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Portland General Electric in the 2nd quarter worth about $33,000. Blue Trust Inc. grew its holdings in Portland General Electric by 94.5% during the 2nd quarter. Blue Trust Inc. now owns 928 shares of the utilities provider’s stock valued at $39,000 after buying an additional 451 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Portland General Electric during the second quarter valued at about $40,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on POR shares. Bank of America initiated coverage on shares of Portland General Electric in a research note on Thursday, September 12th. They set an “underperform” rating and a $47.00 price objective for the company. Jefferies Financial Group started coverage on shares of Portland General Electric in a research report on Friday, September 20th. They set a “hold” rating and a $48.00 price target for the company. Barclays lowered their price objective on Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. KeyCorp reduced their target price on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Evercore ISI began coverage on Portland General Electric in a report on Wednesday, September 25th. They issued an “outperform” rating and a $54.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.13.

Portland General Electric Stock Performance

Shares of NYSE POR opened at $46.05 on Friday. The stock’s 50-day moving average is $47.31 and its 200 day moving average is $46.24. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.19 and a beta of 0.59. Portland General Electric has a 1-year low of $39.13 and a 1-year high of $49.85. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, October 25th. The utilities provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The firm had revenue of $929.00 million during the quarter, compared to analyst estimates of $882.66 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. On average, sell-side analysts anticipate that Portland General Electric will post 3.11 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 24th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, December 24th. Portland General Electric’s dividend payout ratio is presently 59.70%.

Insider Buying and Selling

In other Portland General Electric news, SVP Maria Angelica Espinosa sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total transaction of $120,750.00. Following the completion of the sale, the senior vice president now owns 14,263 shares of the company’s stock, valued at $688,902.90. This represents a 14.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Portland General Electric Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.