Leeward Investments LLC MA Sells 1,985 Shares of Portland General Electric (NYSE:POR)

Leeward Investments LLC MA decreased its position in Portland General Electric (NYSE:POR) by 0.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 551,688 shares of the utilities provider’s stock after selling 1,985 shares during the quarter. Portland General Electric makes up 1.2% of Leeward Investments LLC MA’s portfolio, making the stock its 17th biggest holding. Leeward Investments LLC MA owned 0.52% of Portland General Electric worth $26,426,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Portland General Electric by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,508,666 shares of the utilities provider’s stock worth $65,234,000 after buying an additional 86,718 shares during the period. HITE Hedge Asset Management LLC raised its stake in Portland General Electric by 7.1% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 1,485,099 shares of the utilities provider’s stock valued at $64,216,000 after purchasing an additional 97,922 shares during the period. Victory Capital Management Inc. raised its stake in Portland General Electric by 6.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,076,806 shares of the utilities provider’s stock valued at $46,561,000 after purchasing an additional 69,392 shares during the period. ProShare Advisors LLC raised its stake in Portland General Electric by 1.0% during the 1st quarter. ProShare Advisors LLC now owns 948,014 shares of the utilities provider’s stock valued at $39,817,000 after purchasing an additional 9,786 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Portland General Electric during the 2nd quarter valued at approximately $31,557,000.

Insider Activity at Portland General Electric

In related news, SVP Maria Angelica Espinosa sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $48.30, for a total transaction of $120,750.00. Following the transaction, the senior vice president now directly owns 14,263 shares of the company’s stock, valued at $688,902.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

POR has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on Portland General Electric in a research note on Friday, September 20th. They set a “hold” rating and a $48.00 target price on the stock. StockNews.com raised Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Barclays reduced their price objective on Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Bank of America began coverage on Portland General Electric in a research report on Thursday, September 12th. They issued an “underperform” rating and a $47.00 price objective on the stock. Finally, KeyCorp raised Portland General Electric from a “sector weight” rating to an “overweight” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Portland General Electric presently has a consensus rating of “Hold” and a consensus target price of $48.13.

Portland General Electric Price Performance

Shares of POR stock opened at $47.19 on Thursday. Portland General Electric has a twelve month low of $39.13 and a twelve month high of $49.85. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 1.18 and a beta of 0.59. The stock has a fifty day simple moving average of $47.76 and a two-hundred day simple moving average of $45.78. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, October 25th. The utilities provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $882.66 million. Portland General Electric had a return on equity of 10.28% and a net margin of 10.30%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 EPS. On average, analysts predict that Portland General Electric will post 3.11 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 24th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Tuesday, December 24th. Portland General Electric’s dividend payout ratio is currently 59.70%.

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.