Keudell Morrison Wealth Management Acquires 1,408 Shares of Portland General Electric (NYSE:POR)

Keudell Morrison Wealth Management raised its holdings in shares of Portland General Electric (NYSE:POR) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,308 shares of the utilities provider’s stock after buying an additional 1,408 shares during the period. Keudell Morrison Wealth Management’s holdings in Portland General Electric were worth $580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Synergy Asset Management LLC raised its stake in shares of Portland General Electric by 260.6% during the fourth quarter. Synergy Asset Management LLC now owns 114,496 shares of the utilities provider’s stock valued at $5,096,000 after acquiring an additional 82,743 shares during the last quarter. KBC Group NV increased its holdings in Portland General Electric by 59.3% during the 4th quarter. KBC Group NV now owns 3,649 shares of the utilities provider’s stock valued at $159,000 after purchasing an additional 1,359 shares during the period. SG Americas Securities LLC raised its position in Portland General Electric by 795.0% during the 4th quarter. SG Americas Securities LLC now owns 48,981 shares of the utilities provider’s stock valued at $2,137,000 after purchasing an additional 43,508 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Portland General Electric by 5.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 178,694 shares of the utilities provider’s stock worth $7,884,000 after buying an additional 9,537 shares during the period. Finally, Ballentine Partners LLC bought a new stake in shares of Portland General Electric in the 4th quarter worth approximately $360,000.

Portland General Electric Trading Down 0.0 %

NYSE POR opened at $41.27 on Friday. The company’s 50-day simple moving average is $44.02 and its two-hundred day simple moving average is $46.19. Portland General Electric has a one year low of $39.13 and a one year high of $49.85. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 1.05 and a beta of 0.60. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on POR shares. Jefferies Financial Group dropped their target price on shares of Portland General Electric from $47.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday. Bank of America lowered their price objective on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating for the company in a report on Tuesday, December 24th. UBS Group reiterated a “neutral” rating and set a $47.00 target price (down previously from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. JPMorgan Chase & Co. raised their target price on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, KeyCorp reduced their price target on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $47.38.

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.