Portland General Electric (NYSE:POR) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its holdings in shares of Portland General Electric (NYSE:POR - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,788 shares of the utilities provider's stock after selling 17,193 shares during the period. Segall Bryant & Hamill LLC owned about 0.11% of Portland General Electric worth $5,007,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new stake in Portland General Electric during the fourth quarter valued at about $29,000. Versant Capital Management Inc boosted its stake in Portland General Electric by 151.0% in 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 during the period. Cullen Frost Bankers Inc. raised its position in shares of Portland General Electric by 1,538.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider's stock valued at $36,000 after buying an additional 769 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Portland General Electric by 352.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the utilities provider's stock valued at $61,000 after buying an additional 1,096 shares during the last quarter. Finally, USA Financial Formulas purchased a new position in shares of Portland General Electric in the fourth quarter worth $71,000.

Insider Activity

In related 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 in the company, valued at $1,320,587.20. The trade was a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. UBS Group reiterated 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 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. Bank of America dropped their price target on Portland General Electric from $46.00 to $43.00 and set an "underperform" rating for the company in a research note on Tuesday, December 24th. Jefferies Financial Group reduced their price objective on 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. Finally, Evercore ISI increased their target price on Portland General Electric from $50.00 to $51.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. One 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. Based on data from MarketBeat, Portland General Electric presently has an average rating of "Hold" and a consensus price target of $47.00.

Portland General Electric Trading Up 0.4 %

Shares of NYSE POR traded up $0.19 during midday trading on Monday, hitting $44.60. The company's stock had a trading volume of 430,515 shares, compared to its average volume of 1,006,300. Portland General Electric has a 12-month low of $40.05 and a 12-month high of $49.85. The firm has a market cap of $4.88 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 1.11 and a beta of 0.55. The business's 50 day moving average is $43.01 and its two-hundred day moving average is $45.02. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22.

Portland General Electric (NYSE:POR - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The company had revenue of $824.00 million during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $0.67 earnings per share. As a group, equities research analysts expect that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.50 per share. 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 4.48%. Portland General Electric's payout ratio is currently 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.