Personal CFO Solutions LLC Takes Position in Portland General Electric (NYSE:POR)

Personal CFO Solutions LLC purchased a new stake in Portland General Electric (NYSE:POR) in the fourth quarter, Holdings Channel reports. The firm purchased 4,650 shares of the utilities provider’s stock, valued at approximately $203,000.

A number of other large investors have also made changes to their positions in POR. GSA Capital Partners LLP grew its position in shares of Portland General Electric by 117.8% in the third quarter. GSA Capital Partners LLP now owns 16,294 shares of the utilities provider’s stock valued at $780,000 after purchasing an additional 8,814 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in Portland General Electric by 27.0% in the third quarter. OneDigital Investment Advisors LLC now owns 6,991 shares of the utilities provider’s stock worth $335,000 after acquiring an additional 1,486 shares during the period. Natixis Advisors LLC grew its position in Portland General Electric by 2.0% in the third quarter. Natixis Advisors LLC now owns 318,491 shares of the utilities provider’s stock worth $15,256,000 after acquiring an additional 6,178 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in Portland General Electric by 72.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,259,845 shares of the utilities provider’s stock worth $60,346,000 after acquiring an additional 530,020 shares during the period. Finally, Swiss National Bank grew its position in Portland General Electric by 1.0% in the third quarter. Swiss National Bank now owns 201,200 shares of the utilities provider’s stock worth $9,637,000 after acquiring an additional 2,000 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group reiterated a “neutral” rating and issued a $47.00 price objective (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Jefferies Financial Group lowered their price objective on Portland General Electric from $47.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Barclays increased their price objective on Portland General Electric from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. LADENBURG THALM/SH SH lowered Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research report on Tuesday, February 18th. Finally, Evercore ISI upped their price target on Portland General Electric from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.00.

Portland General Electric Stock Down 1.4 %

NYSE:POR opened at $44.33 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22. The stock’s fifty day moving average is $42.53 and its two-hundred day moving average is $45.39. Portland General Electric has a 52 week low of $40.05 and a 52 week high of $49.85. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.11 and a beta of 0.55.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $716.17 million. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. During the same period last year, the firm earned $0.67 earnings per share. Research analysts anticipate that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Monday, March 24th. Portland General Electric’s payout ratio is currently 66.45%.

Insider Activity

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total value of $56,815.00. Following the sale, the chief financial officer now directly owns 31,960 shares in the company, valued at approximately $1,320,587.20. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.54% of the company’s stock.

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.