Atria Investments Inc Decreases Holdings in Portland General Electric (NYSE:POR)

Atria Investments Inc reduced its stake in Portland General Electric (NYSE:POR) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,027 shares of the utilities provider’s stock after selling 1,337 shares during the period. Atria Investments Inc’s holdings in Portland General Electric were worth $394,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of POR. GSA Capital Partners LLP increased its stake in Portland General Electric by 117.8% in the 3rd quarter. GSA Capital Partners LLP now owns 16,294 shares of the utilities provider’s stock worth $780,000 after purchasing an additional 8,814 shares during the period. OneDigital Investment Advisors LLC increased its stake in Portland General Electric by 27.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,991 shares of the utilities provider’s stock worth $335,000 after purchasing an additional 1,486 shares during the period. Natixis Advisors LLC increased its stake in Portland General Electric by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 318,491 shares of the utilities provider’s stock worth $15,256,000 after purchasing an additional 6,178 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Portland General Electric by 72.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,259,845 shares of the utilities provider’s stock worth $60,346,000 after purchasing an additional 530,020 shares during the period. Finally, Swiss National Bank increased its stake in Portland General Electric by 1.0% in the 3rd quarter. Swiss National Bank now owns 201,200 shares of the utilities provider’s stock worth $9,637,000 after purchasing an additional 2,000 shares during the period.

Wall Street Analysts Forecast Growth

POR has been the topic of a number of analyst reports. Evercore ISI lifted their price target 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. 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. Barclays lifted their price objective on Portland General Electric from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Jefferies Financial Group cut their price objective on 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. Finally, UBS Group reiterated a “neutral” rating and issued a $47.00 price objective (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $47.00.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total transaction of $56,815.00. Following the completion of the transaction, the chief financial officer now owns 31,960 shares in the company, valued at approximately $1,320,587.20. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Portland General Electric Trading Up 1.4 %

NYSE POR opened at $44.94 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22. Portland General Electric has a twelve month low of $40.05 and a twelve month high of $49.85. The firm has a market capitalization of $4.92 billion, a PE ratio of 14.93, a P/E/G ratio of 1.11 and a beta of 0.55. The stock’s 50 day moving average is $42.58 and its 200 day moving average is $45.32.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share for the quarter, beating 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 company had revenue of $824.00 million for the quarter, compared to analyst estimates of $716.17 million. During the same period in the previous year, the company posted $0.67 earnings per share. Research analysts forecast that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date is Monday, March 24th. Portland General Electric’s 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.