Nisa Investment Advisors LLC Purchases 9,537 Shares of Portland General Electric (NYSE:POR)

Nisa Investment Advisors LLC boosted its position in shares of Portland General Electric (NYSE:POR) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,694 shares of the utilities provider’s stock after purchasing an additional 9,537 shares during the period. Nisa Investment Advisors LLC owned about 0.17% of Portland General Electric worth $7,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of Portland General Electric during the third quarter valued at approximately $25,000. Allworth Financial LP grew its position in Portland General Electric by 74.4% in the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 265 shares during the last quarter. Versant Capital Management Inc increased its stake in Portland General Electric by 151.0% in the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 450 shares during the period. Quarry LP lifted its position in shares of Portland General Electric by 962.3% during the second quarter. Quarry LP now owns 1,636 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 1,482 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of Portland General Electric during the fourth quarter valued at $71,000.

Analysts Set New Price Targets

POR has been the topic of several recent analyst reports. Barclays reduced their price target on shares of 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. JPMorgan Chase & Co. lifted their price target on shares of Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. 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. UBS Group reaffirmed a “neutral” rating and set a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Finally, KeyCorp dropped their price target on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.88.

Portland General Electric Price Performance

Shares of POR stock opened at $41.00 on Friday. The stock’s 50-day moving average is $44.53 and its 200 day moving average is $46.26. 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 company has a market cap of $4.32 billion, a P/E ratio of 12.24, a PEG ratio of 1.08 and a beta of 0.60.

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

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.