Portland General Electric (NYSE:POR) Shares Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its holdings in shares of Portland General Electric (NYSE:POR) by 27.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,991 shares of the utilities provider’s stock after buying an additional 1,486 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Portland General Electric were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in shares of Portland General Electric in the third quarter worth $25,000. LRI Investments LLC purchased a new stake in Portland General Electric during the first quarter worth about $26,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Portland General Electric by 767.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 581 shares of the utilities provider’s stock worth $25,000 after buying an additional 514 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Portland General Electric by 74.4% during the third quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 265 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Portland General Electric during the second quarter worth $33,000.

Wall Street Analyst Weigh In

Several analysts recently issued reports on POR shares. Bank of America assumed coverage on Portland General Electric in a report on Thursday, September 12th. They issued an “underperform” rating and a $47.00 price target for the company. Jefferies Financial Group assumed coverage on Portland General Electric in a research report on Friday, September 20th. They issued a “hold” rating and a $48.00 target price for the company. Barclays reduced their price target on shares of Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Evercore ISI assumed coverage on shares of Portland General Electric in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $54.00 target price for the company. Finally, StockNews.com upgraded Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.86.

Insider Activity at Portland General Electric

In other Portland General Electric news, SVP Maria Angelica Espinosa sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total value of $120,750.00. Following the completion of the transaction, the senior vice president now directly owns 14,263 shares of the company’s stock, valued at $688,902.90. This trade represents a 14.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Portland General Electric Trading Up 1.3 %

POR stock opened at $47.49 on Friday. Portland General Electric has a one year low of $39.13 and a one year high of $49.85. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.20 and a beta of 0.59. The company has a fifty day moving average price of $47.47 and a two-hundred day moving average price of $46.01. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.86.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, October 25th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $882.66 million. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. Equities analysts anticipate that Portland General Electric will post 3.11 EPS for the current year.

Portland General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 24th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 24th. This represents a $2.00 annualized dividend and a yield of 4.21%. Portland General Electric’s dividend payout ratio is currently 59.70%.

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.