UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $11.27 Million Stock Position in Portland General Electric (NYSE:POR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Portland General Electric (NYSE:POR - Free Report) by 13.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 235,209 shares of the utilities provider's stock after selling 35,503 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Portland General Electric worth $11,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of POR. Cetera Investment Advisers lifted its stake in Portland General Electric by 228.4% during the first quarter. Cetera Investment Advisers now owns 52,833 shares of the utilities provider's stock valued at $2,219,000 after purchasing an additional 36,744 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of Portland General Electric by 231.6% in the 1st quarter. Cetera Advisors LLC now owns 19,499 shares of the utilities provider's stock worth $819,000 after acquiring an additional 13,618 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Portland General Electric during the second quarter worth $31,557,000. Qsemble Capital Management LP purchased a new stake in shares of Portland General Electric during the second quarter valued at $678,000. Finally, Choreo LLC acquired a new position in shares of Portland General Electric in the 2nd quarter valued at $965,000.

Insider Transactions at Portland General Electric

In other news, SVP Maria Angelica Espinosa sold 2,500 shares of the company's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $48.30, for a total transaction of $120,750.00. Following the completion of the sale, the senior vice president now owns 14,263 shares in the company, valued at approximately $688,902.90. This represents a 14.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Portland General Electric Stock Down 0.9 %

Shares of NYSE POR traded down $0.41 during mid-day trading on Friday, reaching $46.05. The company had a trading volume of 381,104 shares, compared to its average volume of 782,671. The stock has a market capitalization of $4.86 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. Portland General Electric has a twelve month low of $39.13 and a twelve month high of $49.85. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98. The stock's 50 day moving average is $47.31 and its 200-day moving average is $46.24.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The utilities provider reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.01. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $882.66 million. Portland General Electric had a return on equity of 10.28% and a net margin of 10.30%. The business's quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. As a group, equities analysts anticipate that Portland General Electric will post 3.11 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 24th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, December 24th. Portland General Electric's dividend payout ratio is 59.70%.

Analyst Ratings Changes

Several analysts have issued reports on POR shares. Barclays reduced their price objective on shares of Portland General Electric from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th. StockNews.com upgraded shares of Portland General Electric from a "sell" rating to a "hold" rating in a research report on Tuesday, September 24th. Bank of America started coverage on shares of Portland General Electric in a research report on Thursday, September 12th. They set an "underperform" rating and a $47.00 price objective on the stock. KeyCorp cut their target price on shares of Portland General Electric from $52.00 to $51.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Evercore ISI initiated coverage on Portland General Electric in a report on Wednesday, September 25th. They set an "outperform" rating and a $54.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Portland General Electric currently has a consensus rating of "Hold" and a consensus target price of $49.13.

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.