Moody Aldrich Partners LLC Sells 4,615 Shares of Portland General Electric (NYSE:POR)

Moody Aldrich Partners LLC trimmed its position in Portland General Electric (NYSE:POR) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,542 shares of the utilities provider’s stock after selling 4,615 shares during the period. Portland General Electric makes up approximately 1.4% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 15th largest holding. Moody Aldrich Partners LLC owned 0.16% of Portland General Electric worth $7,439,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Allworth Financial LP raised its holdings in Portland General Electric by 74.4% during the third quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 265 shares in the last quarter. First Pacific Financial raised its holdings in Portland General Electric by 2.9% during the third quarter. First Pacific Financial now owns 12,331 shares of the utilities provider’s stock worth $591,000 after acquiring an additional 347 shares in the last quarter. Versant Capital Management Inc raised its holdings in Portland General Electric by 151.0% during the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 450 shares in the last quarter. Townsquare Capital LLC raised its holdings in Portland General Electric by 6.4% during the third quarter. Townsquare Capital LLC now owns 7,607 shares of the utilities provider’s stock worth $364,000 after acquiring an additional 458 shares in the last quarter. Finally, Trust Co. of Vermont raised its stake in Portland General Electric by 5.8% in the fourth quarter. Trust Co. of Vermont now owns 8,536 shares of the utilities provider’s stock valued at $372,000 after buying an additional 465 shares during the period.

Analysts Set New Price Targets

Several research firms have issued reports on POR. KeyCorp dropped their price objective on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. UBS Group restated a “neutral” rating and issued a $47.00 price objective (down previously from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Bank of America dropped their price objective on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research note on Tuesday, December 24th. JPMorgan Chase & Co. upped their price objective on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group decreased their target price on Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.38.

Portland General Electric Trading Down 1.4 %

Shares of NYSE:POR opened at $41.75 on Wednesday. The company has a market capitalization of $4.40 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.05 and a beta of 0.60. Portland General Electric has a 1 year low of $39.13 and a 1 year high of $49.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.86. The business’s 50 day simple moving average is $44.14 and its 200 day simple moving average is $46.22.

Portland General Electric Company 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.