Victory Capital Management Inc. Purchases 11,346 Shares of Portland General Electric (NYSE:POR)

Victory Capital Management Inc. increased its stake in Portland General Electric (NYSE:POR - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,064,269 shares of the utilities provider's stock after purchasing an additional 11,346 shares during the quarter. Victory Capital Management Inc. owned about 1.01% of Portland General Electric worth $46,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. New York State Teachers Retirement System lifted its stake in shares of Portland General Electric by 39.8% in the 3rd quarter. New York State Teachers Retirement System now owns 33,766 shares of the utilities provider's stock worth $1,617,000 after acquiring an additional 9,605 shares during the period. US Bancorp DE raised its holdings in Portland General Electric by 18.5% during the third quarter. US Bancorp DE now owns 19,118 shares of the utilities provider's stock worth $916,000 after purchasing an additional 2,984 shares in the last quarter. Van ECK Associates Corp lifted its position in Portland General Electric by 4.3% in the third quarter. Van ECK Associates Corp now owns 83,615 shares of the utilities provider's stock worth $4,097,000 after purchasing an additional 3,438 shares during the period. Versor Investments LP boosted its stake in Portland General Electric by 28.9% during the 3rd quarter. Versor Investments LP now owns 31,468 shares of the utilities provider's stock valued at $1,507,000 after purchasing an additional 7,062 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Portland General Electric by 117.8% during the 3rd quarter. GSA Capital Partners LLP now owns 16,294 shares of the utilities provider's stock valued at $780,000 after purchasing an additional 8,814 shares during the period.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on POR shares. Barclays upped their price objective on Portland General Electric from $42.00 to $47.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. UBS Group reissued a "neutral" rating and issued a $47.00 price target (down from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. LADENBURG THALM/SH SH cut shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective on the stock. in a research note on Tuesday, February 18th. Jefferies Financial Group cut 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. Finally, KeyCorp reduced their target price on shares of Portland General Electric from $52.00 to $51.00 and set an "overweight" rating for the company in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $47.00.

Insider Transactions at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business'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 transaction, the chief financial officer now directly owns 31,960 shares of the company's stock, 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 SEC, which is accessible through the SEC website. 0.54% of the stock is owned by insiders.

Portland General Electric Trading Down 1.7 %

Portland General Electric stock traded down $0.75 during midday trading on Wednesday, reaching $43.54. The stock had a trading volume of 452,716 shares, compared to its average volume of 1,153,649. Portland General Electric has a twelve month low of $40.05 and a twelve month high of $49.85. 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 firm has a market cap of $4.77 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.11 and a beta of 0.55. The firm's fifty day simple moving average is $42.53 and its two-hundred day simple moving average is $45.39.

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 the consensus estimate of $0.35 by $0.01. The business had revenue of $824.00 million during the quarter, compared to analysts' expectations 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 earnings per share. Equities analysts anticipate that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently announced 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 4.59%. Portland General Electric's dividend payout ratio is 66.45%.

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.