Portland General Electric Company $POR is HITE Hedge Asset Management LLC’s 4th Largest Position

HITE Hedge Asset Management LLC reduced its holdings in Portland General Electric Company (NYSE:POR) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,078,486 shares of the utilities provider’s stock after selling 54,305 shares during the quarter. Portland General Electric comprises 5.0% of HITE Hedge Asset Management LLC’s investment portfolio, making the stock its 4th largest position. HITE Hedge Asset Management LLC owned approximately 1.85% of Portland General Electric worth $91,453,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Root Financial Partners LLC purchased a new stake in Portland General Electric in the third quarter worth $27,000. Bell Investment Advisors Inc increased its position in Portland General Electric by 80.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 370 shares during the period. Clearstead Advisors LLC raised its holdings in Portland General Electric by 206.8% in the 3rd quarter. Clearstead Advisors LLC now owns 856 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 577 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Portland General Electric in the 2nd quarter worth $51,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Portland General Electric by 35.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 323 shares during the period.

Portland General Electric Price Performance

Shares of POR opened at $52.66 on Friday. The firm has a fifty day simple moving average of $51.18 and a two-hundred day simple moving average of $47.78. The firm has a market cap of $6.09 billion, a PE ratio of 19.01, a P/E/G ratio of 2.95 and a beta of 0.66. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $54.39.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.12). Portland General Electric had a return on equity of 8.52% and a net margin of 8.56%.The firm had revenue of $889.00 million during the quarter, compared to analysts’ expectations of $892.31 million. During the same quarter last year, the business earned $0.36 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. On average, equities analysts anticipate that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 23rd will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, March 23rd. Portland General Electric’s dividend payout ratio (DPR) is presently 75.81%.

Analysts Set New Price Targets

POR has been the topic of a number of research reports. Weiss Ratings lowered shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. UBS Group upped their price target on Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Loop Capital set a $48.00 price target on shares of Portland General Electric in a research note on Tuesday, December 30th. Wells Fargo & Company increased their price objective on shares of Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Portland General Electric from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Two research 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.17.

Insider Activity

In other Portland General Electric news, EVP Benjamin Felton sold 4,969 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $266,139.64. Following the completion of the sale, the executive vice president directly owned 41,081 shares in the company, valued at $2,200,298.36. The trade was a 10.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Portland General Electric Company Profile

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.