Coldstream Capital Management Inc. Buys 1,020 Shares of Portland General Electric (NYSE:POR)

Coldstream Capital Management Inc. raised its position in shares of Portland General Electric (NYSE:POR) by 20.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,078 shares of the utilities provider’s stock after purchasing an additional 1,020 shares during the period. Coldstream Capital Management Inc.’s holdings in Portland General Electric were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of Portland General Electric during the 3rd quarter valued at $25,000. Allworth Financial LP raised its stake in Portland General Electric by 74.4% in the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 265 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Portland General Electric during the second quarter valued at about $33,000. Blue Trust Inc. boosted its position in Portland General Electric by 94.5% during the second quarter. Blue Trust Inc. now owns 928 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 451 shares during the period. Finally, Quest Partners LLC bought a new position in Portland General Electric during the second quarter worth about $40,000.

Portland General Electric Stock Performance

NYSE:POR opened at $44.48 on Monday. Portland General Electric has a twelve month low of $39.13 and a twelve month high of $49.85. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.28. The stock has a market cap of $4.69 billion, a P/E ratio of 13.28, a PEG ratio of 1.13 and a beta of 0.59. The business’s 50-day moving average price is $47.09 and its two-hundred day moving average price is $46.31.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, October 25th. The utilities provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $882.66 million. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.46 EPS. As a group, equities analysts predict that Portland General Electric will post 3.11 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 24th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Tuesday, December 24th. Portland General Electric’s dividend payout ratio (DPR) is currently 59.70%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays dropped their price target on shares of Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. KeyCorp dropped their target price on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. StockNews.com upgraded Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Jefferies Financial Group initiated coverage on Portland General Electric in a research note on Friday, September 20th. They issued a “hold” rating and a $48.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.13.

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.