Leonteq Securities AG purchased a new position in shares of Portland General Electric Company (NYSE:POR – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,158 shares of the utilities provider’s stock, valued at approximately $535,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Sigma Planning Corp raised its holdings in Portland General Electric by 3.9% during the 4th quarter. Sigma Planning Corp now owns 5,663 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 210 shares during the last quarter. Private Trust Co. NA raised its holdings in Portland General Electric by 76.4% during the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in Portland General Electric by 3.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,309 shares of the utilities provider’s stock worth $366,000 after purchasing an additional 248 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in Portland General Electric by 0.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 38,563 shares of the utilities provider’s stock worth $1,697,000 after purchasing an additional 302 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Portland General Electric by 35.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 323 shares during the last quarter.
Analyst Upgrades and Downgrades
POR has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. Wells Fargo & Company set a $51.00 price objective on shares of Portland General Electric in a research note on Tuesday, April 21st. Barclays lifted their price objective on shares of Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lifted their price objective on shares of Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price objective on shares of Portland General Electric in a research note on Thursday, February 19th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Portland General Electric presently has an average rating of “Hold” and an average price target of $51.00.
Portland General Electric Stock Performance
NYSE:POR opened at $49.81 on Friday. The company has a fifty day moving average of $51.31 and a 200-day moving average of $50.47. The firm has a market capitalization of $5.76 billion, a P/E ratio of 22.24, a P/E/G ratio of 2.08 and a beta of 0.54. The company has a quick ratio of 0.95, a current ratio of 1.09 and a debt-to-equity ratio of 1.19. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $54.62.
Portland General Electric (NYSE:POR – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.19). The company had revenue of $879.00 million during the quarter, compared to the consensus estimate of $953.24 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 EPS. As a group, sell-side analysts anticipate that Portland General Electric Company will post 3.39 EPS for the current year.
Portland General Electric Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.5513 per share. This is a boost from Portland General Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Thursday, June 25th. This represents a $2.21 dividend on an annualized basis and a yield of 4.4%. Portland General Electric’s dividend payout ratio (DPR) is presently 93.75%.
Insider Buying and Selling at Portland General Electric
In other Portland General Electric news, EVP Benjamin Felton sold 4,969 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $53.56, for a total transaction of $266,139.64. Following the completion of the sale, the executive vice president owned 41,081 shares in the company, valued at approximately $2,200,298.36. The trade was a 10.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total transaction of $367,725.00. Following the sale, the chief financial officer owned 31,897 shares of the company’s stock, valued at $1,563,909.91. This trade represents a 19.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 15,219 shares of company stock worth $767,707. Company insiders own 0.52% of the company’s stock.
Portland General Electric Profile
Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.
As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.
Featured Stories
- Five stocks we like better than Portland General Electric
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for Portland General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric and related companies with MarketBeat.com's FREE daily email newsletter.
