Portland General Electric (NYSE:POR) Shares Sold by Caitlin John LLC

Caitlin John LLC decreased its holdings in Portland General Electric (NYSE:POR) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,553 shares of the utilities provider’s stock after selling 957 shares during the quarter. Caitlin John LLC’s holdings in Portland General Electric were worth $242,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Creative Planning boosted its stake in shares of Portland General Electric by 70.7% during the 2nd quarter. Creative Planning now owns 24,129 shares of the utilities provider’s stock valued at $1,043,000 after buying an additional 9,995 shares during the last quarter. Cetera Investment Advisers raised its holdings in Portland General Electric by 6.1% in the second quarter. Cetera Investment Advisers now owns 56,066 shares of the utilities provider’s stock valued at $2,424,000 after acquiring an additional 3,233 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Portland General Electric during the 2nd quarter valued at $399,000. GAMMA Investing LLC grew its holdings in Portland General Electric by 72.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,648 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 1,951 shares in the last quarter. Finally, City State Bank bought a new stake in shares of Portland General Electric in the 3rd quarter worth about $101,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on POR. JPMorgan Chase & Co. increased their price target 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. UBS Group reaffirmed a “neutral” rating and set a $47.00 target price (down previously from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. Bank of America lowered their price target on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating for the company in a report on Tuesday, December 24th. Jefferies Financial Group reduced their price objective on Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Finally, KeyCorp lowered their target price on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.38.

Portland General Electric Price Performance

Shares of POR opened at $41.38 on Thursday. Portland General Electric has a 12 month low of $39.13 and a 12 month 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 stock has a fifty day moving average price of $43.36 and a 200 day moving average price of $46.01. The company has a market cap of $4.36 billion, a P/E ratio of 12.35, a PEG ratio of 1.04 and a beta of 0.61.

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.