2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP increased its stake in shares of Portland General Electric ( NYSE:POR – Free Report ) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,508,666 shares of the utilities provider’s stock after buying an additional 86,718 shares during the period.
Dimensional Fund Advisors LP owned 1.46% of Portland General Electric worth $65,234,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also modified their holdings of POR.
Goldman Sachs Group Inc. boosted its holdings in shares of Portland General Electric by 29.0% during the 4th quarter.
Goldman Sachs Group Inc. now owns 4,524,435 shares of the utilities provider’s stock worth $196,089,000 after buying an additional 1,017,503 shares during the period. Norges Bank bought a new stake in shares of Portland General Electric during the 4th quarter worth about $39,112,000.
Vaughan Nelson Investment Management L.P. bought a new stake in Portland General Electric in the 2nd quarter valued at about $31,557,000.
Hotchkis & Wiley Capital Management LLC grew its position in shares of Portland General Electric by 24.5% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,265,745 shares of the utilities provider’s stock worth $54,857,000 after purchasing an additional 249,350 shares in the last quarter.
Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Portland General Electric in the fourth quarter valued at approximately $10,272,000. Wall Street Analysts Forecast Growth A number of equities research analysts recently issued reports on POR shares. Evercore ISI assumed coverage on Portland General Electric in a research report on Wednesday.
They set an “outperform” rating and a $54.00 price target on the stock. KeyCorp raised Portland General Electric from a “sector weight” rating to an “overweight” rating in a report on Monday, July 22nd.
Barclays downgraded Portland General Electric from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $48.00 to $49.00 in a research note on Wednesday, September 18th.
StockNews.com raised Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America assumed coverage on shares of Portland General Electric in a research report on Thursday, September 12th.
They issued an “underperform” rating and a $47.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock.
According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.78.
Insiders Place Their Bets In other Portland General Electric news, SVP Maria Angelica Espinosa sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total transaction of $120,750.
00. Following the sale, the senior vice president now directly owns 14,263 shares of the company’s stock, valued at approximately $688,902.90.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In other news, VP John Teeruk Kochavatr sold 1,100 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $46.
25, for a total value of $50,875.00. Following the sale, the vice president now directly owns 22,606 shares of the company’s stock, valued at approximately $1,045,527.
50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . Also, SVP Maria Angelica Espinosa sold 2,500 shares of the stock in a transaction on Tuesday, September 10th.
The stock was sold at an average price of $48.30, for a total transaction of $120,750.00.
Following the transaction, the senior vice president now directly owns 14,263 shares in the company, valued at $688,902.90. The disclosure for this sale can be found here .
Insiders have sold 5,486 shares of company stock valued at $262,153 in the last ninety days. 0.54% of the stock is currently owned by insiders.
Portland General Electric Price Performance POR stock opened at $48.09 on Friday. The company has a 50 day simple moving average of $47.
49 and a 200 day simple moving average of $44.51. The stock has a market cap of $4.
95 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.36 and a beta of 0.
59. Portland General Electric has a 1 year low of $38.01 and a 1 year high of $49.
45. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.
00 and a quick ratio of 0.86. Portland General Electric ( NYSE:POR – Get Free Report ) last released its quarterly earnings data on Friday, July 26th.
The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.
07. The business had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $716.
43 million. Portland General Electric had a net margin of 9.24% and a return on equity of 9.
15%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year.
During the same period in the prior year, the company earned $0.44 EPS. Research analysts anticipate that Portland General Electric will post 3.
08 EPS for the current fiscal year. Portland General Electric Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 24th will be issued a dividend of $0.
50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.
16%. The ex-dividend date of this dividend is Tuesday, September 24th. Portland General Electric’s payout ratio is 76.
63%. Portland General Electric Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Portland General Electric The Most Important Warren Buffett Stock for Investors: His Own Can Costco Stock Hit New Highs as Interest Rates Drop? Following Congress Stock Trades These 3 Stocks Show How to Navigate Declining Consumer Confidence How the NYSE and NASDAQ are Different, Why That Matters to Investors MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Want to see what other hedge funds are holding POR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Portland General Electric ( NYSE:POR – Free Report ).
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