Segall Bryant & Hamill LLC Sells 17,193 Shares of Portland General Electric (NYSE:POR)

Segall Bryant & Hamill LLC decreased its holdings in Portland General Electric (NYSE:POR) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,788 shares of the utilities provider’s stock after selling 17,193 shares during the period. Segall Bryant & Hamill LLC owned 0.11% of Portland General Electric worth $5,007,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in POR. Newbridge Financial Services Group Inc. purchased a new position in Portland General Electric in the 4th quarter worth approximately $29,000. Versant Capital Management Inc lifted its holdings in shares of Portland General Electric by 151.0% in the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after buying an additional 450 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of Portland General Electric by 1,538.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 769 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Portland General Electric by 352.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 1,096 shares during the last quarter. Finally, USA Financial Formulas purchased a new position in Portland General Electric during the fourth quarter valued at $71,000.

Analysts Set New Price Targets

Several research firms have commented on POR. Jefferies Financial Group dropped their price objective on shares of Portland General Electric from $47.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. LADENBURG THALM/SH SH lowered 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. UBS Group reaffirmed a “neutral” rating and issued a $47.00 price objective (down previously from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Barclays increased their target price on Portland General Electric from $42.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Evercore ISI raised their target price on shares of Portland General Electric from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $47.00.

Portland General Electric Stock Performance

NYSE:POR opened at $43.83 on Friday. The firm has a market capitalization of $4.80 billion, a PE ratio of 14.56, a PEG ratio of 1.11 and a beta of 0.55. The stock’s fifty day moving average is $42.96 and its 200 day moving average is $45.08. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $824.00 million during the quarter, compared to analyst estimates of $716.17 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. During the same quarter last year, the business earned $0.67 EPS. On average, sell-side analysts anticipate that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Dividend Announcement

The firm 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 $0.50 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.00 annualized dividend and a dividend yield of 4.56%. Portland General Electric’s payout ratio is 66.45%.

Insider Buying and Selling

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the company’s 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 transaction, the chief financial officer now directly owns 31,960 shares in the company, valued at approximately $1,320,587.20. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.40% of the stock is owned by corporate insiders.

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.