Segall Bryant & Hamill LLC Decreases Stock Holdings in Portland General Electric (NYSE:POR)

Segall Bryant & Hamill LLC lowered its holdings in Portland General Electric (NYSE:POR) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,981 shares of the utilities provider’s stock after selling 731 shares during the period. Segall Bryant & Hamill LLC owned about 0.13% of Portland General Electric worth $6,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its holdings in Portland General Electric by 4.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 29,109 shares of the utilities provider’s stock worth $1,223,000 after buying an additional 1,370 shares during the last quarter. Freestone Capital Holdings LLC bought a new stake in shares of Portland General Electric in the first quarter valued at $255,000. Gamco Investors INC. ET AL increased its holdings in Portland General Electric by 6.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 60,000 shares of the utilities provider’s stock worth $2,520,000 after acquiring an additional 3,500 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Portland General Electric by 3.8% in the first quarter. Gabelli Funds LLC now owns 297,049 shares of the utilities provider’s stock valued at $12,476,000 after purchasing an additional 11,000 shares during the period. Finally, LRI Investments LLC bought a new stake in Portland General Electric during the 1st quarter valued at $26,000.

Insider Activity

In related news, SVP Maria Angelica Espinosa sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total transaction of $120,750.00. Following the sale, the senior vice president now directly owns 14,263 shares of the company’s stock, valued at approximately $688,902.90. This represents a 14.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Portland General Electric Price Performance

Shares of NYSE:POR opened at $47.49 on Friday. The company’s fifty day moving average is $47.47 and its 200 day moving average is $46.01. Portland General Electric has a 52 week low of $39.13 and a 52 week high of $49.85. The stock has a market cap of $5.01 billion, a PE ratio of 14.17, a PEG ratio of 1.20 and a beta of 0.59. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.28.

Portland General Electric (NYSE:POR) last released 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. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The firm had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $882.66 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. Research analysts anticipate that Portland General Electric will post 3.11 earnings per share for the current year.

Portland General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 24th will be issued 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 dividend yield of 4.21%. Portland General Electric’s payout ratio is 59.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on POR shares. Evercore ISI started coverage on shares of Portland General Electric in a report on Wednesday, September 25th. They issued an “outperform” rating and a $54.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group began coverage on shares of Portland General Electric in a research report on Friday, September 20th. They set a “hold” rating and a $48.00 target price for the company. Bank of America initiated coverage on shares of Portland General Electric in a research report on Thursday, September 12th. They set an “underperform” rating and a $47.00 price objective on the stock. Finally, Barclays cut their target price 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.86.

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.