Keudell Morrison Wealth Management Sells 633 Shares of Portland General Electric Company $POR

Keudell Morrison Wealth Management decreased its stake in Portland General Electric Company (NYSE:POR) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,003 shares of the utilities provider’s stock after selling 633 shares during the period. Keudell Morrison Wealth Management’s holdings in Portland General Electric were worth $569,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in POR. GAMMA Investing LLC increased its holdings in shares of Portland General Electric by 2,545.6% in the 1st quarter. GAMMA Investing LLC now owns 107,040 shares of the utilities provider’s stock worth $4,774,000 after buying an additional 102,994 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of Portland General Electric in the 1st quarter worth $350,000. Park Avenue Securities LLC increased its holdings in shares of Portland General Electric by 3.0% in the 1st quarter. Park Avenue Securities LLC now owns 21,498 shares of the utilities provider’s stock worth $959,000 after buying an additional 636 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Portland General Electric by 1.2% in the 1st quarter. Yousif Capital Management LLC now owns 38,990 shares of the utilities provider’s stock worth $1,739,000 after buying an additional 455 shares during the last quarter. Finally, USA Financial Formulas increased its holdings in shares of Portland General Electric by 23.1% in the 1st quarter. USA Financial Formulas now owns 1,994 shares of the utilities provider’s stock worth $89,000 after buying an additional 374 shares during the last quarter.

Portland General Electric Trading Up 0.7%

NYSE:POR opened at $43.16 on Friday. The company has a 50-day moving average price of $42.50 and a 200-day moving average price of $42.08. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $49.85. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 3.95 and a beta of 0.62.

Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The company had revenue of $807.00 million during the quarter, compared to analyst estimates of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. Portland General Electric’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Equities analysts predict that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Thursday, September 25th. Portland General Electric’s dividend payout ratio (DPR) is currently 77.49%.

Analyst Upgrades and Downgrades

Several research firms recently commented on POR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Portland General Electric in a report on Saturday, September 27th. Barclays reduced their target price on shares of Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 22nd. Finally, Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Portland General Electric has a consensus rating of “Hold” and an average target price of $45.40.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $41.35, for a total transaction of $107,634.05. Following the completion of the sale, the chief financial officer directly owned 27,089 shares in the company, valued at approximately $1,120,130.15. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Maria M. Pope sold 18,896 shares of Portland General Electric stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total transaction of $803,080.00. Following the completion of the sale, the chief executive officer owned 194,135 shares of the company’s stock, valued at $8,250,737.50. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,436 shares of company stock worth $988,388. 0.40% of the stock is 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.