Captrust Financial Advisors lowered its position in Portland General Electric (NYSE:POR – Free Report) by 9.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,424 shares of the utilities provider’s stock after selling 917 shares during the period. Captrust Financial Advisors’ holdings in Portland General Electric were worth $404,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP raised its holdings in shares of Portland General Electric by 74.4% during the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 265 shares in the last quarter. First Pacific Financial raised its holdings in Portland General Electric by 2.9% during the third quarter. First Pacific Financial now owns 12,331 shares of the utilities provider’s stock valued at $591,000 after buying an additional 347 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Portland General Electric by 20.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,469 shares of the utilities provider’s stock worth $107,000 after buying an additional 413 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Portland General Electric by 94.5% during the 2nd quarter. Blue Trust Inc. now owns 928 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 451 shares in the last quarter. Finally, Townsquare Capital LLC increased its holdings in shares of Portland General Electric by 6.4% during the 3rd quarter. Townsquare Capital LLC now owns 7,607 shares of the utilities provider’s stock valued at $364,000 after acquiring an additional 458 shares during the last quarter.
Portland General Electric Stock Down 0.1 %
NYSE POR opened at $44.48 on Friday. Portland General Electric has a twelve month low of $39.13 and a twelve month high of $49.85. The stock has a market cap of $4.69 billion, a PE ratio of 13.28, a PEG ratio of 1.15 and a beta of 0.59. The firm has a 50-day simple moving average of $47.13 and a 200 day simple moving average of $46.26. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98.
Portland General Electric (NYSE:POR – Get Free Report) last announced its quarterly earnings data on Friday, October 25th. The utilities provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Portland General Electric had a return on equity of 10.28% and a net margin of 10.30%. The company had revenue of $929.00 million during the quarter, compared to the consensus estimate of $882.66 million. During the same quarter last year, the company earned $0.46 EPS. The company’s quarterly revenue was up 15.8% on a year-over-year basis. On average, research analysts forecast that Portland General Electric will post 3.11 EPS for the current year.
Portland General Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 24th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.50%. The ex-dividend date is Tuesday, December 24th. Portland General Electric’s dividend payout ratio (DPR) is presently 59.70%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Bank of America initiated coverage on Portland General Electric in a research report on Thursday, September 12th. They set an “underperform” rating and a $47.00 target price for the company. KeyCorp decreased their price objective on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Wednesday, December 4th. StockNews.com upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Evercore ISI initiated coverage on shares of Portland General Electric in a report on Wednesday, September 25th. They set an “outperform” rating and a $54.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Portland General Electric has a consensus rating of “Hold” and an average target price of $49.13.
View Our Latest Stock Analysis on POR
Portland General Electric Profile
(Free Report)
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.
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