18,687 Shares in Portland General Electric Company $POR Acquired by Jennison Associates LLC

Jennison Associates LLC acquired a new stake in Portland General Electric Company (NYSE:POR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,687 shares of the utilities provider’s stock, valued at approximately $897,000.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Portland General Electric by 7.4% in the 1st quarter. Royal Bank of Canada now owns 161,931 shares of the utilities provider’s stock valued at $7,222,000 after purchasing an additional 11,141 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Portland General Electric by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,949 shares of the utilities provider’s stock worth $2,763,000 after buying an additional 2,717 shares in the last quarter. Millennium Management LLC lifted its position in shares of Portland General Electric by 465.5% during the 1st quarter. Millennium Management LLC now owns 151,134 shares of the utilities provider’s stock worth $6,741,000 after buying an additional 124,410 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Portland General Electric during the 1st quarter worth $271,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Portland General Electric by 6.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,640 shares of the utilities provider’s stock valued at $10,420,000 after buying an additional 13,799 shares in the last quarter.

Analyst Ratings Changes

POR has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Barclays lifted their price target on shares of Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday, February 17th. BMO Capital Markets reiterated a “market perform” rating and set a $55.00 price objective on shares of Portland General Electric in a research report on Thursday, February 19th. Finally, BTIG Research reissued a “buy” rating and issued a $58.00 price objective on shares of Portland General Electric in a research note on Friday, January 30th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.00.

Insider Transactions at Portland General Electric

In other news, EVP Benjamin Felton sold 4,969 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $53.56, for a total transaction of $266,139.64. Following the completion of the transaction, the executive vice president owned 41,081 shares of the company’s stock, valued at approximately $2,200,298.36. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Portland General Electric Price Performance

Shares of POR opened at $49.81 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.09 and a debt-to-equity ratio of 1.19. The stock has a market cap of $5.76 billion, a PE ratio of 22.24, a PEG ratio of 2.08 and a beta of 0.54. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $54.62. The business has a 50-day simple moving average of $52.59 and a two-hundred day simple moving average of $50.17.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.19). Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.The firm had revenue of $879.00 million for the quarter, compared to the consensus estimate of $953.24 million. During the same quarter last year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Analysts anticipate 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 will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.5513 per share. This represents a $2.21 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 25th. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.53. Portland General Electric’s payout ratio is presently 93.75%.

Portland General Electric 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.