Empower Advisory Group LLC Has $28.07 Million Position in Portland General Electric (NYSE:POR)

Empower Advisory Group LLC increased its stake in shares of Portland General Electric (NYSE:POR - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 643,550 shares of the utilities provider's stock after buying an additional 18,473 shares during the quarter. Empower Advisory Group LLC owned 0.61% of Portland General Electric worth $28,072,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Creative Planning boosted its stake in shares of Portland General Electric by 5.4% in the 3rd quarter. Creative Planning now owns 25,426 shares of the utilities provider's stock valued at $1,218,000 after purchasing an additional 1,297 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Portland General Electric during the 3rd quarter valued at about $25,000. Blue Trust Inc. boosted its position in Portland General Electric by 136.5% in the third quarter. Blue Trust Inc. now owns 2,195 shares of the utilities provider's stock valued at $105,000 after buying an additional 1,267 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Portland General Electric during the third quarter worth about $595,000. Finally, Whittier Trust Co. increased its holdings in shares of Portland General Electric by 4.9% during the third quarter. Whittier Trust Co. now owns 104,346 shares of the utilities provider's stock worth $4,998,000 after buying an additional 4,838 shares in the last quarter.

Insiders Place Their Bets

In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric 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 transaction, the chief financial officer now owns 31,960 shares of the company's stock, valued at $1,320,587.20. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on POR. 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 report on Friday, January 3rd. Bank of America reduced their price objective on 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. Jefferies Financial Group lowered their target price 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. LADENBURG THALM/SH SH downgraded shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price target on the stock. in a research report on Tuesday. Finally, KeyCorp lowered their price objective on shares of Portland General Electric from $52.00 to $51.00 and set an "overweight" rating for the company in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Portland General Electric presently has an average rating of "Hold" and a consensus price target of $46.44.

Portland General Electric Trading Up 1.3 %

Shares of NYSE POR traded up $0.56 during mid-day trading on Friday, hitting $44.36. The company's stock had a trading volume of 1,020,832 shares, compared to its average volume of 1,182,771. 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 has a market cap of $4.85 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 1.10 and a beta of 0.61. The company's fifty day simple moving average is $42.39 and its 200-day simple moving average is $45.61. Portland General Electric has a one year low of $39.49 and a one year high of $49.85.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The firm had revenue of $824.00 million for the quarter, compared to analysts' expectations 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 period last year, the firm earned $0.67 earnings per share. On average, sell-side analysts anticipate that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a $0.50 dividend. 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 payout ratio is 66.45%.

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.