Texas Yale Capital Corp. Purchases 4,860 Shares of Portland General Electric Company $POR

Texas Yale Capital Corp. boosted its position in Portland General Electric Company (NYSE:POR) by 39.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,295 shares of the utilities provider’s stock after purchasing an additional 4,860 shares during the period. Texas Yale Capital Corp.’s holdings in Portland General Electric were worth $703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in POR. Private Trust Co. NA boosted its holdings in shares of Portland General Electric by 62.6% in the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock worth $28,000 after buying an additional 244 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in Portland General Electric by 9.6% during the first quarter. OneDigital Investment Advisors LLC now owns 7,981 shares of the utilities provider’s stock valued at $356,000 after buying an additional 699 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Portland General Electric by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 486,645 shares of the utilities provider’s stock worth $21,704,000 after acquiring an additional 11,853 shares during the period. M&T Bank Corp boosted its stake in shares of Portland General Electric by 21.9% during the 1st quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider’s stock worth $878,000 after acquiring an additional 3,538 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its position in shares of Portland General Electric by 24.7% during the 1st quarter. New Mexico Educational Retirement Board now owns 22,700 shares of the utilities provider’s stock valued at $1,012,000 after acquiring an additional 4,500 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group upped their price objective on Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Portland General Electric in a research report on Wednesday, October 8th. Mizuho set a $47.00 price objective on Portland General Electric in a research report on Monday. Wells Fargo & Company started coverage on Portland General Electric in a research note on Monday, October 27th. They set an “equal weight” rating and a $45.00 price objective for the company. Finally, Barclays raised 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 note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Portland General Electric has a consensus rating of “Hold” and an average price target of $46.83.

Insider Buying and Selling at Portland General Electric

In related news, CEO Maria M. Pope sold 18,896 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total transaction of $803,080.00. Following the completion of the transaction, the chief executive officer directly owned 194,135 shares of the company’s stock, valued at approximately $8,250,737.50. This trade represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

Portland General Electric Stock Performance

NYSE POR opened at $47.88 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 1.28. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $48.40. The business has a 50-day moving average price of $44.03 and a 200-day moving average price of $42.46. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 4.18 and a beta of 0.67.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, October 31st. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.02. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The company had revenue of $952.00 million for the quarter, compared to the consensus estimate of $975.64 million. During the same quarter last year, the company earned $0.90 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. As a group, equities research analysts predict that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, December 22nd. Portland General Electric’s payout ratio is 76.36%.

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.