Vista Capital Partners Inc. Has $521,000 Stock Holdings in Portland General Electric (NYSE:POR)

Vista Capital Partners Inc. decreased its stake in shares of Portland General Electric (NYSE:POR - Free Report) by 44.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,953 shares of the utilities provider's stock after selling 9,691 shares during the period. Vista Capital Partners Inc.'s holdings in Portland General Electric were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in POR. Creative Planning raised its position in Portland General Electric by 5.4% in the 3rd quarter. Creative Planning now owns 25,426 shares of the utilities provider's stock valued at $1,218,000 after buying an additional 1,297 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Portland General Electric in the third quarter valued at approximately $25,000. Blue Trust Inc. lifted its position in shares of Portland General Electric by 136.5% in the third quarter. Blue Trust Inc. now owns 2,195 shares of the utilities provider's stock worth $105,000 after purchasing an additional 1,267 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Portland General Electric during the third quarter worth $595,000. Finally, Whittier Trust Co. grew its position in Portland General Electric by 4.9% in the third quarter. Whittier Trust Co. now owns 104,346 shares of the utilities provider's stock valued at $4,998,000 after purchasing an additional 4,838 shares in the last quarter.

Wall Street Analyst Weigh In

POR has been the topic of several analyst reports. Jefferies Financial Group cut 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 report on Tuesday, January 28th. LADENBURG THALM/SH SH cut Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price target for the company. in a research report on Tuesday. Barclays lowered their price target on Portland General Electric from $48.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Monday, January 27th. Bank of America cut their price objective 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. Finally, UBS Group restated a "neutral" rating and set a $47.00 target price (down from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $46.44.

Insider Transactions at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 31,960 shares in the company, 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 SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Portland General Electric Stock Performance

Portland General Electric stock traded up $0.56 during mid-day trading on Friday, hitting $44.36. 1,020,819 shares of the company's stock traded hands, compared to its average volume of 1,166,996. Portland General Electric has a fifty-two week low of $39.49 and a fifty-two week high of $49.85. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.10 and a beta of 0.61. The firm has a 50 day simple moving average of $42.39 and a two-hundred day simple moving average of $45.61. 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 posted its earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping 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 company had revenue of $824.00 million during the quarter, compared to analysts' expectations of $716.17 million. During the same quarter last year, the company posted $0.67 EPS. On average, research analysts expect that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The company also recently announced 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 4.51%. The ex-dividend date of this dividend 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.