QRG Capital Management Inc. Raises Stock Holdings in Portland General Electric (NYSE:POR)

QRG Capital Management Inc. boosted its stake in Portland General Electric (NYSE:POR - Free Report) by 35.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,344 shares of the utilities provider's stock after purchasing an additional 14,512 shares during the quarter. QRG Capital Management Inc. owned about 0.05% of Portland General Electric worth $2,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of POR. Private Advisor Group LLC raised its stake in Portland General Electric by 3.6% in the third quarter. Private Advisor Group LLC now owns 17,846 shares of the utilities provider's stock valued at $855,000 after purchasing an additional 616 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Portland General Electric by 4,690.5% during the third quarter. International Assets Investment Management LLC now owns 2,012 shares of the utilities provider's stock worth $96,000 after acquiring an additional 1,970 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Portland General Electric by 6.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,504 shares of the utilities provider's stock worth $599,000 after acquiring an additional 810 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Portland General Electric by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 12,011 shares of the utilities provider's stock worth $575,000 after acquiring an additional 810 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Portland General Electric by 39.8% during the third 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 in the last quarter.

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Portland General Electric Trading Down 1.2 %

NYSE:POR traded down $0.53 during trading hours on Thursday, hitting $43.37. The company had a trading volume of 214,542 shares, compared to its average volume of 1,155,770. The company has a market capitalization of $4.74 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.11 and a beta of 0.61. The stock has a 50-day moving average price of $42.46 and a 200 day moving average price of $45.48. Portland General Electric has a 52 week low of $40.05 and a 52 week 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.

Portland General Electric (NYSE:POR - Get Free Report) last announced its earnings results on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The firm had revenue of $824.00 million for the quarter, compared to analysts' expectations of $716.17 million. During the same quarter in the previous year, the business posted $0.67 EPS. On average, equities research analysts predict that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Monday, March 24th. Portland General Electric's dividend payout ratio is presently 66.45%.

Wall Street Analyst Weigh In

Several research analysts have commented on POR shares. Jefferies Financial Group decreased their price target on shares of Portland General Electric from $47.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday, January 28th. Barclays lifted their price target on shares of Portland General Electric from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Bank of America decreased 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. LADENBURG THALM/SH SH cut shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 target price on the stock. in a report on Tuesday, February 18th. Finally, UBS Group restated a "neutral" rating and issued a $47.00 target price (down previously from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $47.00.

Insider Transactions at Portland General Electric

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric stock in a transaction dated 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 owns 31,960 shares of the company's stock, valued at $1,320,587.20. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

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.