Portland General Electric Company $POR Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA cut its position in shares of Portland General Electric Company (NYSE:POR) by 55.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 245,930 shares of the utilities provider’s stock after selling 307,309 shares during the quarter. Leeward Investments LLC MA owned about 0.22% of Portland General Electric worth $9,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in POR. Private Trust Co. NA lifted its position in Portland General Electric by 62.6% during the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock valued at $28,000 after buying an additional 244 shares in the last quarter. Menard Financial Group LLC lifted its position in Portland General Electric by 4.6% during the first quarter. Menard Financial Group LLC now owns 5,905 shares of the utilities provider’s stock valued at $251,000 after buying an additional 257 shares in the last quarter. Private Advisor Group LLC lifted its position in Portland General Electric by 1.6% during the first quarter. Private Advisor Group LLC now owns 17,986 shares of the utilities provider’s stock valued at $802,000 after buying an additional 279 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in Portland General Electric by 25.3% during the first quarter. Hexagon Capital Partners LLC now owns 1,443 shares of the utilities provider’s stock valued at $64,000 after buying an additional 291 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in Portland General Electric by 0.8% during the second quarter. Johnson Investment Counsel Inc. now owns 38,261 shares of the utilities provider’s stock valued at $1,555,000 after buying an additional 301 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on POR shares. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. BTIG Research raised shares of Portland General Electric to a “strong-buy” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Portland General Electric in a research report on Saturday. Barclays boosted their target price on shares of Portland General Electric from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Finally, Jefferies Financial Group boosted their target price on shares of Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Portland General Electric currently has an average rating of “Hold” and a consensus target price of $46.73.

Portland General Electric Stock Up 0.8%

Portland General Electric stock opened at $46.17 on Friday. The company has a 50-day simple moving average of $43.20 and a 200-day simple moving average of $42.18. The firm has a market capitalization of $5.06 billion, a P/E ratio of 17.04, a P/E/G ratio of 4.22 and a beta of 0.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.84 and a current ratio of 0.97. Portland General Electric Company has a one year low of $39.54 and a one year high of $49.85.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. The business had revenue of $807.00 million during the quarter, compared to analyst estimates of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. As a group, equities analysts expect that Portland General Electric Company will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Monday, December 22nd. This represents a $2.10 annualized dividend and a dividend yield of 4.5%. Portland General Electric’s dividend payout ratio is currently 77.49%.

Insider Activity

In related news, CEO Maria M. Pope sold 18,896 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total value of $803,080.00. Following the completion of the transaction, the chief executive officer owned 194,135 shares in the company, valued at $8,250,737.50. This represents a 8.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $41.35, for a total transaction of $107,634.05. Following the completion of the transaction, the chief financial officer owned 27,089 shares of the company’s stock, valued at $1,120,130.15. This represents a 8.77% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

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.