CSM Advisors LLC Purchases Shares of 149,145 Portland General Electric Company $POR

CSM Advisors LLC acquired a new position in shares of Portland General Electric Company (NYSE:POR) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 149,145 shares of the utilities provider’s stock, valued at approximately $6,063,000. CSM Advisors LLC owned approximately 0.14% of Portland General Electric as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of POR. M&T Bank Corp lifted its stake in Portland General Electric by 21.9% in 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 in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Portland General Electric in the 2nd quarter valued at about $376,000. Eastern Bank purchased a new stake in shares of Portland General Electric in the second quarter worth approximately $65,000. Envestnet Asset Management Inc. boosted its holdings in shares of Portland General Electric by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 513,398 shares of the utilities provider’s stock worth $20,859,000 after purchasing an additional 26,753 shares during the period. Finally, Vanguard Group Inc. grew its position in Portland General Electric by 4.7% during the first quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider’s stock valued at $556,266,000 after purchasing an additional 559,201 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on POR shares. Mizuho set a $47.00 target price on shares of Portland General Electric in a research report on Monday, November 3rd. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Wells Fargo & Company initiated coverage on Portland General Electric in a research report on Monday, October 27th. They set an “equal weight” rating and a $45.00 price objective for the company. Jefferies Financial Group boosted their target price on Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Portland General Electric in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.83.

Portland General Electric Price Performance

NYSE POR opened at $47.88 on Monday. Portland General Electric Company has a fifty-two week low of $39.54 and a fifty-two week high of $48.40. The stock’s 50-day moving average is $44.03 and its two-hundred day moving average is $42.45. The firm has a market cap of $5.39 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 4.18 and a beta of 0.67. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $952.00 million for the quarter, compared to analyst estimates of $975.64 million. During the same quarter in the prior year, the firm posted $0.90 EPS. The firm’s revenue for the quarter 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. On average, analysts anticipate that Portland General Electric Company will post 3.21 earnings per share for the current fiscal 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 $0.525 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.4%. Portland General Electric’s dividend payout ratio (DPR) is currently 76.36%.

Insider Activity at Portland General Electric

In other news, CEO Maria M. Pope sold 18,896 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 194,135 shares in the company, valued at approximately $8,250,737.50. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.