Portland General Electric (NYSE:POR) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. trimmed its position in shares of Portland General Electric (NYSE:POR) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,610 shares of the utilities provider’s stock after selling 3,956 shares during the period. John G Ullman & Associates Inc. owned 0.12% of Portland General Electric worth $5,566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connable Office Inc. boosted its stake in Portland General Electric by 10.9% during the 4th quarter. Connable Office Inc. now owns 5,339 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 523 shares during the period. Jacobi Capital Management LLC lifted its stake in shares of Portland General Electric by 64.3% in the 4th quarter. Jacobi Capital Management LLC now owns 12,571 shares of the utilities provider’s stock worth $548,000 after acquiring an additional 4,919 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Portland General Electric by 35.5% in the 4th quarter. QRG Capital Management Inc. now owns 55,344 shares of the utilities provider’s stock worth $2,414,000 after acquiring an additional 14,512 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Portland General Electric by 3.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,543 shares of the utilities provider’s stock worth $852,000 after acquiring an additional 609 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Portland General Electric by 2.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,503 shares of the utilities provider’s stock worth $938,000 after acquiring an additional 500 shares during the period.

Insider Activity

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total transaction of $56,815.00. Following the sale, the chief financial officer now owns 31,960 shares in the company, valued at $1,320,587.20. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Portland General Electric from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. LADENBURG THALM/SH SH lowered shares of Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price target for the company. in a research note on Tuesday, February 18th. Bank of America reduced their price target on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating for the company in a research note on Tuesday, December 24th. UBS Group reiterated a “neutral” rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. Finally, Jefferies Financial Group dropped their target price on shares of Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Portland General Electric presently has a consensus rating of “Hold” and an average target price of $46.44.

Portland General Electric Stock Up 1.7 %

NYSE POR opened at $44.85 on Friday. Portland General Electric has a 12 month low of $39.49 and a 12 month high of $49.85. The company’s 50 day simple moving average is $42.42 and its 200 day simple moving average is $45.53. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. The company has a market capitalization of $4.90 billion, a P/E ratio of 14.90, a PEG ratio of 1.11 and a beta of 0.61.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The business had revenue of $824.00 million for the quarter, compared to analyst estimates of $716.17 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. Equities research analysts expect that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.46%. Portland General Electric’s dividend payout ratio is currently 66.45%.

Portland General Electric Company 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.