Portland General Electric Company $POR Stock Holdings Boosted by Swiss National Bank

Swiss National Bank lifted its position in Portland General Electric Company (NYSE:POR) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 209,100 shares of the utilities provider’s stock after buying an additional 4,800 shares during the period. Swiss National Bank owned approximately 0.19% of Portland General Electric worth $8,496,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Portland General Electric by 4.7% during the first quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider’s stock worth $556,266,000 after acquiring an additional 559,201 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Portland General Electric by 22.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,864,352 shares of the utilities provider’s stock valued at $216,950,000 after purchasing an additional 904,692 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. grew its stake in shares of Portland General Electric by 164.5% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,400,635 shares of the utilities provider’s stock worth $196,268,000 after purchasing an additional 2,736,811 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Portland General Electric by 14.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,878,528 shares of the utilities provider’s stock worth $128,382,000 after purchasing an additional 366,640 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Portland General Electric by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,764,380 shares of the utilities provider’s stock worth $112,337,000 after purchasing an additional 110,567 shares in the last quarter.

Insider Transactions at Portland General Electric

In other Portland General Electric news, CEO Maria M. Pope sold 18,896 shares of Portland General Electric stock in a transaction on Wednesday, September 10th. The shares were 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 trade represents a 8.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

Portland General Electric Price Performance

POR opened at $50.82 on Friday. The firm has a market capitalization of $5.72 billion, a P/E ratio of 18.75, a PEG ratio of 4.18 and a beta of 0.67. The stock has a fifty day moving average of $46.24 and a 200-day moving average of $43.26. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 1.28. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $51.14.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $952.00 million for the quarter, compared to analyst estimates of $975.64 million. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.Portland General Electric’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 earnings per share. Equities analysts forecast that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, December 22nd. Portland General Electric’s dividend payout ratio is currently 76.36%.

Analysts Set New Price Targets

A number of analysts recently weighed in on POR shares. UBS Group restated a “neutral” rating and set a $51.00 target price on shares of Portland General Electric in a report on Wednesday, November 19th. Jefferies Financial Group increased their price objective on Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Wells Fargo & Company started coverage on Portland General Electric in a research report on Monday, October 27th. They set an “equal weight” rating and a $45.00 target price on the stock. Finally, Mizuho set a $47.00 price target on Portland General Electric in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.92.

Portland General Electric Company 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.