Whittier Trust Co. of Nevada Inc. Has $87,000 Stock Position in Portland General Electric (NYSE:POR)

Whittier Trust Co. of Nevada Inc. trimmed its stake in Portland General Electric (NYSE:POR - Free Report) by 96.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,993 shares of the utilities provider's stock after selling 51,852 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Portland General Electric were worth $87,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Portland General Electric by 1.6% in the 3rd quarter. State Street Corp now owns 4,123,279 shares of the utilities provider's stock valued at $199,509,000 after buying an additional 66,438 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Portland General Electric by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,444,486 shares of the utilities provider's stock valued at $117,114,000 after acquiring an additional 25,332 shares during the period. Zimmer Partners LP raised its holdings in shares of Portland General Electric by 107.0% in the 3rd quarter. Zimmer Partners LP now owns 1,842,542 shares of the utilities provider's stock valued at $88,258,000 after purchasing an additional 952,214 shares during the period. Channing Capital Management LLC lifted its stake in Portland General Electric by 7.2% in the 4th quarter. Channing Capital Management LLC now owns 1,831,864 shares of the utilities provider's stock valued at $79,906,000 after purchasing an additional 123,223 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Portland General Electric by 8.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,716,256 shares of the utilities provider's stock worth $74,863,000 after purchasing an additional 138,831 shares during the period.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on POR. Barclays lifted their target price on shares of Portland General Electric from $42.00 to $47.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 4th. Jefferies Financial Group dropped their price target on Portland General Electric from $47.00 to $42.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. Evercore ISI upped their price objective on Portland General Electric from $50.00 to $51.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. UBS Group reissued a "neutral" rating and set a $47.00 target price (down previously from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. Finally, 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. One research 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 MarketBeat.com, Portland General Electric presently has an average rating of "Hold" and a consensus target price of $47.00.

Insider Transactions at Portland General Electric

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 transaction of $56,815.00. Following the transaction, the chief financial officer now owns 31,960 shares of the company's stock, valued at $1,320,587.20. This represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company's stock.

Portland General Electric Price Performance

Portland General Electric stock traded up $0.85 during midday trading on Thursday, reaching $43.83. The company's stock had a trading volume of 1,145,027 shares, compared to its average volume of 924,383. The stock has a market cap of $4.80 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.11 and a beta of 0.55. 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 has a 52 week low of $40.05 and a 52 week high of $49.85. The business has a 50-day moving average price of $42.92 and a 200-day moving average price of $45.09.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $824.00 million during the quarter, compared to analysts' expectations of $716.17 million. During the same period in the prior year, the company posted $0.67 EPS. On average, sell-side analysts predict that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date is Monday, March 24th. Portland General Electric's dividend payout ratio is 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.