Portland General Electric (NYSE:POR) Shares Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC grew its position in Portland General Electric (NYSE:POR - Free Report) by 34.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,157 shares of the utilities provider's stock after acquiring an additional 45,363 shares during the period. Portland General Electric comprises 1.5% of Moody Aldrich Partners LLC's portfolio, making the stock its 5th largest holding. Moody Aldrich Partners LLC owned 0.17% of Portland General Electric worth $8,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Systems of Alabama lifted its holdings in Portland General Electric by 0.3% in the first quarter. Retirement Systems of Alabama now owns 126,987 shares of the utilities provider's stock valued at $5,333,000 after acquiring an additional 335 shares during the period. First Pacific Financial boosted its holdings in Portland General Electric by 2.9% during the third quarter. First Pacific Financial now owns 12,331 shares of the utilities provider's stock worth $591,000 after buying an additional 347 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Portland General Electric by 20.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,469 shares of the utilities provider's stock worth $107,000 after buying an additional 413 shares during the period. Blue Trust Inc. increased its holdings in Portland General Electric by 94.5% in the second quarter. Blue Trust Inc. now owns 928 shares of the utilities provider's stock valued at $39,000 after buying an additional 451 shares in the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Portland General Electric by 2.1% during the 1st quarter. State of Michigan Retirement System now owns 24,800 shares of the utilities provider's stock valued at $1,042,000 after acquiring an additional 500 shares during the period.

Portland General Electric Trading Down 0.4 %

Shares of NYSE:POR traded down $0.18 during trading on Thursday, reaching $48.82. The stock had a trading volume of 1,011,234 shares, compared to its average volume of 947,934. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.33. The stock has a market cap of $5.03 billion, a P/E ratio of 16.78, a PEG ratio of 1.37 and a beta of 0.59. The business has a fifty day moving average price of $47.76 and a 200-day moving average price of $45.37. Portland General Electric has a fifty-two week low of $39.13 and a fifty-two week high of $49.45.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The utilities provider reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. The company had revenue of $758.00 million for the quarter, compared to analyst estimates of $716.43 million. Portland General Electric had a return on equity of 9.15% and a net margin of 9.24%. The business's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. As a group, analysts anticipate that Portland General Electric will post 3.09 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 24th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Tuesday, December 24th. Portland General Electric's dividend payout ratio is currently 68.73%.

Insider Transactions at Portland General Electric

In related news, SVP Maria Angelica Espinosa sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total transaction of $120,750.00. Following the completion of the transaction, the senior vice president now owns 14,263 shares of the company's stock, valued at approximately $688,902.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP John Teeruk Kochavatr sold 1,100 shares of Portland General Electric stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $46.25, for a total value of $50,875.00. Following the transaction, the vice president now directly owns 22,606 shares of the company's stock, valued at $1,045,527.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Maria Angelica Espinosa sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $48.30, for a total transaction of $120,750.00. Following the sale, the senior vice president now directly owns 14,263 shares of the company's stock, valued at approximately $688,902.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on POR. StockNews.com upgraded Portland General Electric from a "sell" rating to a "hold" rating in a report on Tuesday, September 24th. Bank of America began coverage on Portland General Electric in a research note on Thursday, September 12th. They set an "underperform" rating and a $47.00 price target for the company. Evercore ISI started coverage on shares of Portland General Electric in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $54.00 price objective on the stock. KeyCorp upgraded shares of Portland General Electric from a "sector weight" rating to an "overweight" rating in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Portland General Electric from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Portland General Electric has a consensus rating of "Hold" and a consensus price target of $48.25.

Portland General Electric 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.