18,637 Shares in Portland General Electric (NYSE:POR) Acquired by Schroder Investment Management Group

Schroder Investment Management Group purchased a new stake in Portland General Electric (NYSE:POR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,637 shares of the utilities provider's stock, valued at approximately $811,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new position in Portland General Electric during the 4th quarter worth $29,000. Versant Capital Management Inc grew its holdings in shares of Portland General Electric by 151.0% during the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider's stock worth $33,000 after purchasing an additional 450 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Portland General Electric by 1,538.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider's stock worth $36,000 after purchasing an additional 769 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Portland General Electric by 352.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the utilities provider's stock worth $61,000 after purchasing an additional 1,096 shares during the period. Finally, USA Financial Formulas acquired a new position in Portland General Electric in the fourth quarter valued at about $71,000.

Insiders Place Their Bets

In other Portland General Electric 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 stock was sold at an average price of $41.32, for a total value 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.40% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on POR. StockNews.com downgraded shares of Portland General Electric from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. UBS Group reissued a "neutral" rating and issued a $47.00 price objective (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. JPMorgan Chase & Co. restated a "neutral" rating and set a $44.00 target price (down from $50.00) on shares of Portland General Electric in a research note on Thursday. Evercore ISI raised 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. Finally, Bank of America lowered their price target on Portland General Electric from $46.00 to $43.00 and set an "underperform" rating for the company in a report on Tuesday, December 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $45.78.

Portland General Electric Price Performance

Shares of POR traded up $0.52 during trading hours on Friday, reaching $42.14. The stock had a trading volume of 808,592 shares, compared to its average volume of 1,032,043. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. Portland General Electric has a 12 month low of $40.05 and a 12 month high of $49.85. The stock has a market capitalization of $4.61 billion, a PE ratio of 14.00, a PEG ratio of 1.11 and a beta of 0.49. The company's 50-day moving average is $43.34 and its two-hundred day moving average is $44.62.

Portland General Electric (NYSE:POR - Get Free Report) last posted its earnings results on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $824.00 million during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.67 earnings per share. Research analysts expect that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Monday, March 24th. Portland General Electric's payout ratio is 66.45%.

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.