Barclays PLC Purchases 106,133 Shares of Portland General Electric (NYSE:POR)

Barclays PLC increased its holdings in Portland General Electric (NYSE:POR - Free Report) by 50.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 314,621 shares of the utilities provider's stock after buying an additional 106,133 shares during the quarter. Barclays PLC owned about 0.30% of Portland General Electric worth $13,724,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of POR. Summit Investment Advisors Inc. boosted its stake in shares of Portland General Electric by 1.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 32,029 shares of the utilities provider's stock worth $1,397,000 after buying an additional 587 shares during the last quarter. Townsquare Capital LLC boosted its position in Portland General Electric by 6.9% in the fourth quarter. Townsquare Capital LLC now owns 8,135 shares of the utilities provider's stock worth $355,000 after purchasing an additional 528 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Portland General Electric by 13.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,741 shares of the utilities provider's stock valued at $556,000 after purchasing an additional 1,471 shares during the period. Sterling Capital Management LLC grew its stake in shares of Portland General Electric by 7.7% during the 4th quarter. Sterling Capital Management LLC now owns 117,920 shares of the utilities provider's stock valued at $5,144,000 after purchasing an additional 8,451 shares during the period. Finally, Covestor Ltd increased its position in shares of Portland General Electric by 21.6% during the 4th quarter. Covestor Ltd now owns 5,081 shares of the utilities provider's stock valued at $222,000 after purchasing an additional 903 shares during the last quarter.

Analysts Set New Price Targets

POR has been the topic of several recent research reports. UBS Group reiterated a "neutral" rating and issued a $47.00 price target (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. StockNews.com cut Portland General Electric from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. Evercore ISI boosted their price target on Portland General Electric from $50.00 to $51.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Jefferies Financial Group decreased their price objective on Portland General Electric from $47.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday, January 28th. Finally, Barclays boosted their price objective on Portland General Electric from $47.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $45.89.

Portland General Electric Price Performance

Shares of POR traded down $1.40 during midday trading on Friday, hitting $41.58. 700,860 shares of the company traded hands, compared to its average volume of 1,179,026. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.11 and a beta of 0.49. The firm has a 50 day moving average of $43.62 and a 200-day moving average of $44.37. 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 has a 52 week low of $40.05 and a 52 week high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last posted its earnings results on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by ($0.21). Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. During the same quarter in the prior year, the company earned $1.21 earnings per share. On average, analysts forecast that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be given a dividend of $0.525 per share. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.10 dividend on an annualized basis and a yield of 5.05%. Portland General Electric's payout ratio is 66.45%.

Insider Transactions at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total transaction of $56,815.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Benjamin Felton sold 1,845 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total value of $79,371.90. Following the completion of the sale, the executive vice president now owns 32,646 shares in the company, valued at approximately $1,404,430.92. The trade was a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,795 shares of company stock worth $159,946. 0.40% of the stock is currently owned by 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.