Portland General Electric (NYSE:POR) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its holdings in Portland General Electric (NYSE:POR - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 513,470 shares of the utilities provider's stock after selling 38,218 shares during the period. Portland General Electric makes up 1.1% of Leeward Investments LLC MA's holdings, making the stock its 23rd biggest position. Leeward Investments LLC MA owned 0.49% of Portland General Electric worth $22,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. purchased a new position in Portland General Electric during the fourth quarter worth approximately $29,000. Allworth Financial LP increased its position in Portland General Electric by 74.4% during the third quarter. Allworth Financial LP now owns 621 shares of the utilities provider's stock worth $30,000 after purchasing an additional 265 shares during the last quarter. Versant Capital Management Inc increased its position in Portland General Electric by 151.0% during the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider's stock worth $33,000 after purchasing an additional 450 shares during the last quarter. USA Financial Formulas acquired a new position in Portland General Electric in the 4th quarter valued at about $71,000. Finally, International Assets Investment Management LLC grew its stake in shares of Portland General Electric by 4,690.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,012 shares of the utilities provider's stock valued at $96,000 after buying an additional 1,970 shares during the period.

Portland General Electric Stock Down 0.4 %

Shares of Portland General Electric stock traded down $0.17 during trading hours on Monday, reaching $44.19. 355,448 shares of the company were exchanged, compared to its average volume of 1,158,883. The firm has a market cap of $4.83 billion, a PE ratio of 14.68, a PEG ratio of 1.11 and a beta of 0.61. 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 1 year low of $39.49 and a 1 year high of $49.85. The stock's fifty day moving average is $42.39 and its 200 day moving average is $45.59.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The company had revenue of $824.00 million for the quarter, compared to analyst estimates of $716.17 million. During the same quarter last year, the company earned $0.67 EPS. As a group, equities research analysts forecast that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.53%. Portland General Electric's payout ratio is 66.45%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on POR. Barclays cut their target price on Portland General Electric from $48.00 to $42.00 and set an "equal weight" rating for the company in a research note on Monday, January 27th. KeyCorp reduced their price objective on shares of Portland General Electric from $52.00 to $51.00 and set an "overweight" rating on the stock in a report on Wednesday, December 4th. Jefferies Financial Group lowered their target price on shares of 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. Bank of America reduced their price target on shares of Portland General Electric from $46.00 to $43.00 and set an "underperform" rating on the stock in a research note on Tuesday, December 24th. Finally, Evercore ISI increased their price objective on shares of Portland General Electric from $50.00 to $51.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Portland General Electric presently has an average rating of "Hold" and a consensus target price of $46.44.

Insider Transactions 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 that occurred on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total transaction of $56,815.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company's stock.

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.