Kestra Advisory Services LLC Has $2.44 Million Stake in Portland General Electric Company $POR

Kestra Advisory Services LLC raised its holdings in Portland General Electric Company (NYSE:POR) by 26.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,253 shares of the utilities provider’s stock after purchasing an additional 9,621 shares during the period. Kestra Advisory Services LLC’s holdings in Portland General Electric were worth $2,441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Natixis Advisors LLC increased its holdings in shares of Portland General Electric by 0.6% during the fourth quarter. Natixis Advisors LLC now owns 35,548 shares of the utilities provider’s stock worth $1,706,000 after purchasing an additional 207 shares during the period. Sigma Planning Corp boosted its stake in shares of Portland General Electric by 3.9% in the fourth quarter. Sigma Planning Corp now owns 5,663 shares of the utilities provider’s stock valued at $272,000 after buying an additional 210 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Portland General Electric by 18.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,469 shares of the utilities provider’s stock valued at $71,000 after buying an additional 226 shares during the period. Fox Hill Wealth Management grew its position in Portland General Electric by 0.6% during the fourth quarter. Fox Hill Wealth Management now owns 39,373 shares of the utilities provider’s stock worth $1,890,000 after buying an additional 237 shares in the last quarter. Finally, Private Trust Co. NA grew its position in Portland General Electric by 76.4% during the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after buying an additional 239 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research cut Portland General Electric from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. Wells Fargo & Company set a $51.00 price target on Portland General Electric in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their price target on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $51.00.

Portland General Electric Stock Up 0.0%

NYSE POR opened at $52.44 on Monday. The business has a fifty day moving average price of $50.64 and a two-hundred day moving average price of $51.13. The stock has a market capitalization of $6.07 billion, a PE ratio of 23.41, a PEG ratio of 2.20 and a beta of 0.52. Portland General Electric Company has a fifty-two week low of $39.73 and a fifty-two week high of $54.62. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.09 and a quick ratio of 0.95.

Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.19). Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The business had revenue of $879.00 million during the quarter, compared to the consensus estimate of $953.24 million. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities analysts expect that Portland General Electric Company will post 3.4 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th were given a $0.5513 dividend. This is a boost from Portland General Electric’s previous quarterly dividend of $0.53. This represents a $2.21 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Thursday, June 25th. Portland General Electric’s dividend payout ratio (DPR) is presently 98.21%.

Insider Buying and Selling at Portland General Electric

In other news, VP Juan Diego Gallegos sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $48.67, for a total value of $133,842.50. Following the sale, the vice president directly owned 12,127 shares in the company, valued at approximately $590,221.09. This trade represents a 18.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total transaction of $367,725.00. Following the completion of the sale, the chief financial officer owned 31,897 shares in the company, valued at approximately $1,563,909.91. The trade was a 19.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.52% of the company’s stock.

Portland General Electric Company Profile

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.