Level Four Advisory Services LLC Grows Position in Portland General Electric (NYSE:POR)

Level Four Advisory Services LLC raised its holdings in shares of Portland General Electric (NYSE:POR) by 14.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 39,151 shares of the utilities provider’s stock after purchasing an additional 4,948 shares during the period. Level Four Advisory Services LLC’s holdings in Portland General Electric were worth $1,708,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Pictet Asset Management Holding SA increased its holdings in Portland General Electric by 8.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 17,442 shares of the utilities provider’s stock valued at $761,000 after buying an additional 1,343 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Portland General Electric in the 4th quarter valued at $148,000. Norges Bank bought a new position in shares of Portland General Electric in the 4th quarter worth $62,004,000. Blair William & Co. IL lifted its stake in shares of Portland General Electric by 13.2% during the 4th quarter. Blair William & Co. IL now owns 5,925 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 692 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Portland General Electric by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,333,393 shares of the utilities provider’s stock valued at $145,403,000 after purchasing an additional 93,903 shares in the last quarter.

Analyst Ratings Changes

POR has been the subject of a number of recent research reports. Evercore ISI boosted their target price on shares of Portland General Electric from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. KeyCorp lowered their target price on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Bank of America reduced their price target on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research report on Tuesday, December 24th. Barclays raised their price objective on Portland General Electric from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Finally, LADENBURG THALM/SH SH downgraded Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $47.00.

Insider Activity

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value 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. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.40% of the company’s stock.

Portland General Electric Stock Performance

Shares of POR stock opened at $44.39 on Friday. 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 business has a fifty day moving average of $43.01 and a 200 day moving average of $45.04. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.11 and a beta of 0.55. Portland General Electric has a 1 year low of $40.05 and a 1 year high of $49.85.

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

Portland General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.51%. The ex-dividend date is Monday, March 24th. Portland General Electric’s payout ratio is currently 66.45%.

About Portland General Electric

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.