Portland General Electric (NYSE:POR) Shares Bought by Foundry Partners LLC

Foundry Partners LLC raised its holdings in shares of Portland General Electric (NYSE:POR - Free Report) by 2,183.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,795 shares of the utilities provider's stock after buying an additional 176,702 shares during the quarter. Foundry Partners LLC owned about 0.18% of Portland General Electric worth $8,061,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in POR. Vanguard Group Inc. raised its position in Portland General Electric by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 11,913,132 shares of the utilities provider's stock valued at $519,651,000 after purchasing an additional 572,531 shares during the period. State Street Corp raised its holdings in Portland General Electric by 1.6% in the 3rd quarter. State Street Corp now owns 4,123,279 shares of the utilities provider's stock valued at $199,509,000 after buying an additional 66,438 shares during the period. JPMorgan Chase & Co. lifted its position in Portland General Electric by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,333,393 shares of the utilities provider's stock valued at $145,403,000 after buying an additional 93,903 shares during the last quarter. Geode Capital Management LLC boosted its stake in Portland General Electric by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,491,658 shares of the utilities provider's stock worth $108,710,000 after buying an additional 47,172 shares during the period. Finally, Zimmer Partners LP raised its stake in shares of Portland General Electric by 107.0% in the 3rd quarter. Zimmer Partners LP now owns 1,842,542 shares of the utilities provider's stock valued at $88,258,000 after acquiring an additional 952,214 shares during the period.

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Portland General Electric Stock Down 0.4 %

Shares of NYSE POR traded down $0.16 during midday trading on Tuesday, hitting $41.42. 787,576 shares of the company's stock were exchanged, compared to its average volume of 1,021,650. The firm's fifty day simple moving average is $43.26 and its 200-day simple moving average is $44.82. The company has a market cap of $4.54 billion, a PE ratio of 13.74, a P/E/G ratio of 1.11 and a beta of 0.49. Portland General Electric has a twelve month low of $40.05 and a twelve month high of $49.85. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81.

Portland General Electric (NYSE:POR - Get Free Report) last issued its earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $716.17 million. During the same quarter in the prior year, the business posted $0.67 EPS. Research analysts predict that Portland General Electric will post 3.21 EPS 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. Investors of record on Monday, March 24th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a yield of 4.83%. Portland General Electric's dividend payout ratio is presently 66.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on POR. LADENBURG THALM/SH SH lowered Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 target price on the stock. in a research report on Tuesday, February 18th. UBS Group restated a "neutral" rating and set a $47.00 target price (down from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. StockNews.com cut shares of Portland General Electric from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. Evercore ISI raised their price target on shares of Portland General Electric from $50.00 to $51.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, Bank of America cut their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Portland General Electric has a consensus rating of "Hold" and an average price target of $47.00.

Insider Buying and Selling at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value of $56,815.00. Following the completion of the sale, the chief financial officer now owns 31,960 shares in the company, valued at $1,320,587.20. This represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by company 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.