Inceptionr LLC Takes Position in Portland General Electric (NYSE:POR)

Inceptionr LLC bought a new position in Portland General Electric (NYSE:POR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,309 shares of the utilities provider's stock, valued at approximately $668,000.

A number of other large investors have also recently made changes to their positions in the company. Arizona State Retirement System lifted its stake in Portland General Electric by 0.8% in the fourth quarter. Arizona State Retirement System now owns 29,912 shares of the utilities provider's stock worth $1,305,000 after purchasing an additional 245 shares during the last quarter. Choreo LLC boosted its holdings in Portland General Electric by 1.4% during the 4th quarter. Choreo LLC now owns 26,511 shares of the utilities provider's stock valued at $1,166,000 after acquiring an additional 371 shares during the period. Versant Capital Management Inc grew its position in Portland General Electric by 151.0% in the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 450 shares during the last quarter. Townsquare Capital LLC increased its stake in Portland General Electric by 6.4% in the third quarter. Townsquare Capital LLC now owns 7,607 shares of the utilities provider's stock worth $364,000 after purchasing an additional 458 shares during the period. Finally, Trust Co. of Vermont lifted its position in shares of Portland General Electric by 5.8% during the fourth quarter. Trust Co. of Vermont now owns 8,536 shares of the utilities provider's stock worth $372,000 after purchasing an additional 465 shares during the last quarter.

Portland General Electric Stock Down 1.4 %

Shares of POR stock traded down $0.62 during mid-day trading on Tuesday, hitting $44.33. 1,179,525 shares of the stock traded hands, compared to its average volume of 1,169,398. Portland General Electric has a 52-week low of $40.05 and a 52-week high of $49.85. The stock has a market cap of $4.85 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.11 and a beta of 0.55. 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 stock's fifty day moving average is $42.51 and its two-hundred day moving average is $45.42.

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Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 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 in the previous year, the business posted $0.67 EPS. Equities analysts predict that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.50 per share. 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 dividend payout ratio is currently 66.45%.

Insider Activity at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the firm'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 transaction, the chief financial officer now owns 31,960 shares of the company's stock, valued at approximately $1,320,587.20. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

POR has been the topic of a number of research analyst reports. UBS Group restated a "neutral" rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. LADENBURG THALM/SH SH cut Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective on the stock. in a research note on Tuesday, February 18th. Jefferies Financial Group decreased their target price on Portland General Electric from $47.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. Barclays increased their price target 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, KeyCorp cut their price target on Portland General Electric from $52.00 to $51.00 and set an "overweight" rating on the stock in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $47.00.

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.