John G Ullman & Associates Inc. Raises Position in Portland General Electric Company $POR

John G Ullman & Associates Inc. increased its holdings in Portland General Electric Company (NYSE:POR) by 3.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 185,936 shares of the utilities provider’s stock after buying an additional 5,425 shares during the period. Portland General Electric accounts for approximately 1.1% of John G Ullman & Associates Inc.’s portfolio, making the stock its 22nd largest holding. John G Ullman & Associates Inc. owned approximately 0.17% of Portland General Electric worth $7,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Portland General Electric in the first quarter worth $27,000. Private Trust Co. NA raised its position in shares of Portland General Electric by 62.6% in the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock worth $28,000 after buying an additional 244 shares in the last quarter. IFP Advisors Inc raised its position in Portland General Electric by 1,291.7% during the second quarter. IFP Advisors Inc now owns 668 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 620 shares in the last quarter. S.A. Mason LLC purchased a new stake in Portland General Electric during the second quarter valued at about $29,000. Finally, Costello Asset Management INC purchased a new stake in Portland General Electric during the first quarter valued at about $46,000.

Insider Activity

In other news, CEO Maria M. Pope sold 18,896 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total transaction of $803,080.00. Following the transaction, the chief executive officer directly owned 194,135 shares of the company’s stock, valued at approximately $8,250,737.50. This trade represents a 8.87% 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. Also, Director Michael A. Lewis sold 1,937 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $40.10, for a total value of $77,673.70. Following the transaction, the director directly owned 13,509 shares in the company, valued at $541,710.90. This trade represents a 12.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,436 shares of company stock valued at $988,388. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Barclays lowered their price target on Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Portland General Electric in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.40.

Portland General Electric Stock Up 1.7%

Shares of NYSE:POR opened at $44.62 on Friday. The stock’s 50-day moving average price is $42.91 and its 200-day moving average price is $42.07. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $49.85. The stock has a market capitalization of $4.89 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 4.08 and a beta of 0.62. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The firm had revenue of $807.00 million for the quarter, compared to analysts’ expectations of $797.97 million. During the same period last year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, equities analysts anticipate that Portland General Electric Company will post 3.21 earnings per share for the current year.

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.