LPL Financial LLC Purchases 12,265 Shares of Portland General Electric (NYSE:POR)

LPL Financial LLC boosted its position in Portland General Electric (NYSE:POR - Free Report) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,700 shares of the utilities provider's stock after acquiring an additional 12,265 shares during the period. LPL Financial LLC's holdings in Portland General Electric were worth $2,124,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings 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 increased its position in shares of Portland General Electric by 1.4% during 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 raised its holdings in shares of Portland General Electric by 151.0% in the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider's stock worth $33,000 after acquiring an additional 450 shares during the last quarter. Trust Co. of Vermont boosted its stake in Portland General Electric by 5.8% during the 4th quarter. Trust Co. of Vermont now owns 8,536 shares of the utilities provider's stock valued at $372,000 after purchasing an additional 465 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Portland General Electric by 2.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,503 shares of the utilities provider's stock worth $938,000 after purchasing an additional 500 shares during the last quarter.

Insider Buying and Selling

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric stock in a transaction on Tuesday, February 18th. The stock was 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 directly owns 31,960 shares in the company, valued at approximately $1,320,587.20. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

Portland General Electric Stock Performance

NYSE POR traded down $0.01 on Friday, hitting $42.99. 932,282 shares of the stock traded hands, compared to its average volume of 1,027,499. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. The business's fifty day moving average is $43.49 and its two-hundred day moving average is $44.51. Portland General Electric has a 12 month low of $40.05 and a 12 month high of $49.85. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.11 and a beta of 0.49.

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

Portland General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Monday, March 24th. Portland General Electric's payout ratio is currently 66.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group reiterated a "neutral" rating and set a $47.00 price target (down previously from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. Bank of America reduced their target price on shares of Portland General Electric from $46.00 to $43.00 and set an "underperform" rating for the company in a research note on Tuesday, December 24th. Barclays upped their price objective on shares of 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. StockNews.com cut shares of Portland General Electric from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. Finally, Evercore ISI upped their target price on Portland General Electric from $50.00 to $51.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $45.78.

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.