Leeward Investments LLC MA Lowers Holdings in Portland General Electric (NYSE:POR)

Leeward Investments LLC MA decreased its position in Portland General Electric (NYSE:POR) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 513,470 shares of the utilities provider’s stock after selling 38,218 shares during the period. Portland General Electric accounts for about 1.1% of Leeward Investments LLC MA’s investment portfolio, making the stock its 23rd biggest position. Leeward Investments LLC MA owned approximately 0.49% of Portland General Electric worth $22,398,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Zimmer Partners LP raised its stake in Portland General Electric by 107.0% in the third quarter. Zimmer Partners LP now owns 1,842,542 shares of the utilities provider’s stock worth $88,258,000 after buying an additional 952,214 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Portland General Electric in the fourth quarter worth approximately $32,553,000. Vaughan Nelson Investment Management L.P. raised its stake in Portland General Electric by 72.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,259,845 shares of the utilities provider’s stock worth $60,346,000 after buying an additional 530,020 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Portland General Electric by 69.8% in the third quarter. Point72 Asset Management L.P. now owns 292,880 shares of the utilities provider’s stock worth $14,029,000 after buying an additional 120,380 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in Portland General Electric by 26.6% in the third quarter. Systematic Financial Management LP now owns 537,862 shares of the utilities provider’s stock worth $25,764,000 after buying an additional 113,161 shares in the last quarter.

Insider Activity at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value of $56,815.00. Following the sale, the chief financial officer now directly owns 31,960 shares of the company’s stock, valued at approximately $1,320,587.20. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Portland General Electric Price Performance

NYSE POR opened at $44.36 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. The stock’s fifty day moving average price is $42.39 and its 200 day moving average price is $45.59. Portland General Electric has a 1 year low of $39.49 and a 1 year high of $49.85. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.11 and a beta of 0.61.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The firm had revenue of $824.00 million for the quarter, compared to the consensus estimate of $716.17 million. During the same period in the prior year, the firm earned $0.67 EPS. As a group, equities research analysts forecast that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Monday, March 24th. Portland General Electric’s payout ratio is 66.45%.

Wall Street Analyst Weigh In

POR has been the subject of a number of recent research reports. LADENBURG THALM/SH SH downgraded shares of Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research note on Tuesday, February 18th. Jefferies Financial Group reduced their price target on Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday, January 28th. UBS Group reaffirmed a “neutral” rating and set a $47.00 price target (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. 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 report on Wednesday, December 4th. Finally, Barclays reduced their price target on Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $46.44.

About Portland General Electric

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.