Invesco Ltd. Raises Stock Position in Portland General Electric (NYSE:POR)

Invesco Ltd. raised its position in Portland General Electric (NYSE:POR - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,200,086 shares of the utilities provider's stock after acquiring an additional 271,540 shares during the period. Invesco Ltd. owned approximately 2.09% of Portland General Electric worth $95,968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System boosted its position in shares of Portland General Electric by 0.8% in the 4th 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 in the last quarter. Choreo LLC boosted its holdings in Portland General Electric by 1.4% in the fourth quarter. Choreo LLC now owns 26,511 shares of the utilities provider's stock worth $1,166,000 after acquiring an additional 371 shares in the last quarter. Versant Capital Management Inc boosted its holdings in 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 acquiring an additional 450 shares in the last quarter. Trust Co. of Vermont grew its stake 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 acquiring an additional 465 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of Portland General Electric by 2.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,503 shares of the utilities provider's stock valued at $938,000 after acquiring an additional 500 shares in the last quarter.

Portland General Electric Price Performance

POR stock traded down $0.01 during mid-day trading on Friday, reaching $42.99. The company's stock had a trading volume of 932,282 shares, compared to its average volume of 1,027,499. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The company's 50 day moving average is $43.49 and its two-hundred day moving average is $44.51. The stock has a market cap of $4.71 billion, a PE ratio of 14.28, a P/E/G ratio of 1.11 and a beta of 0.49. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last issued its earnings results on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $716.17 million. During the same period in the previous year, the firm earned $0.67 earnings per share. Equities research analysts expect 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a yield of 4.65%. Portland General Electric's dividend payout ratio is currently 66.45%.

Analyst Ratings Changes

Several analysts have weighed in on POR shares. LADENBURG THALM/SH SH downgraded shares of 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 reissued a "neutral" rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. StockNews.com lowered Portland General Electric from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $44.00 price target (down previously from $50.00) on shares of Portland General Electric in a research note on Thursday, April 10th. Finally, Jefferies Financial Group reduced their price objective on Portland General Electric from $47.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $45.78.

Insider Activity

In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business'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 sale, the chief financial officer now directly owns 31,960 shares in the company, valued at approximately $1,320,587.20. The trade was a 4.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.40% of the company's stock.

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.