Sei Investments Co. Has $5.14 Million Stake in Portland General Electric (NYSE:POR)

Sei Investments Co. decreased its holdings in shares of Portland General Electric (NYSE:POR - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,921 shares of the utilities provider's stock after selling 19,814 shares during the period. Sei Investments Co. owned about 0.11% of Portland General Electric worth $5,144,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. bought a new position in shares of Portland General Electric during the 4th quarter worth approximately $29,000. Versant Capital Management Inc boosted its stake in shares of Portland General Electric by 151.0% in the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider's stock valued at $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% in 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 during the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 worth $61,000 after buying an additional 1,096 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Portland General Electric during the fourth quarter worth approximately $71,000.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Evercore ISI boosted their price objective on Portland General Electric from $50.00 to $51.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. UBS Group reaffirmed a "neutral" rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. 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. Jefferies Financial Group dropped their price objective on shares of Portland General Electric from $47.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. Finally, LADENBURG THALM/SH SH lowered Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective on the stock. in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $47.00.

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Portland General Electric Trading Down 0.7 %

NYSE POR traded down $0.33 during trading on Thursday, reaching $44.30. 1,897,739 shares of the stock traded hands, compared to its average volume of 1,015,519. The stock's 50-day moving average price is $43.18 and its 200 day moving average price is $44.97. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.11 and a beta of 0.55. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The business had revenue of $824.00 million for the quarter, compared to the consensus estimate of $716.17 million. During the same quarter last year, the business posted $0.67 EPS. Analysts predict that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a yield of 4.51%. Portland General Electric's payout ratio is 66.45%.

Insiders Place Their Bets

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 $1,320,587.20. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company's stock.

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.