2 weeks Ago By ABMN Staff
Dimensional Fund Advisors LP grew its position in Portland General Electric ( NYSE:POR – Free Report ) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,508,666 shares of the utilities provider’s stock after purchasing an additional 86,718 shares during the period.
Dimensional Fund Advisors LP’s holdings in Portland General Electric were worth $65,234,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds also recently made changes to their positions in POR. Goldman Sachs Group Inc.
raised its holdings in shares of Portland General Electric by 29.0% in the fourth quarter. Goldman Sachs Group Inc.
now owns 4,524,435 shares of the utilities provider’s stock valued at $196,089,000 after purchasing an additional 1,017,503 shares during the last quarter. Norges Bank bought a new position in Portland General Electric during the fourth quarter valued at about $39,112,000. Vaughan Nelson Investment Management L.
P. bought a new position in Portland General Electric during the second quarter valued at about $31,557,000. Hotchkis & Wiley Capital Management LLC grew its position in Portland General Electric by 24.
5% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,265,745 shares of the utilities provider’s stock valued at $54,857,000 after buying an additional 249,350 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Portland General Electric during the fourth quarter valued at about $10,272,000.
Portland General Electric Trading Up 1.1 % Shares of POR opened at $48.09 on Friday.
The firm’s 50 day simple moving average is $47.49 and its 200 day simple moving average is $44.51.
The company has a market capitalization of $4.95 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.
36 and a beta of 0.59. 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 has a 1-year low of $38.01 and a 1-year high of $49.45.
Portland General Electric Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 24th will be paid a $0.50 dividend.
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 dividend payout ratio is currently 76.63%.
Insiders Place Their Bets In other Portland General Electric news, SVP Maria Angelica Espinosa sold 2,500 shares of Portland General Electric 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 transaction, the senior vice president now directly owns 14,263 shares of the company’s stock, valued at $688,902.90.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . In related news, COO Benjamin Felton sold 1,886 shares of Portland General Electric stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $48.
00, for a total value of $90,528.00. Following the transaction, the chief operating officer now directly owns 30,142 shares of the company’s stock, valued at $1,446,816.
The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, SVP Maria Angelica Espinosa sold 2,500 shares of Portland General Electric 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 completion of 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 . Over the last ninety days, insiders have sold 5,486 shares of company stock valued at $262,153.
0.54% of the stock is currently owned by corporate insiders. Analysts Set New Price Targets Several research firms recently weighed in on POR.
StockNews.com upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday. Bank of America started coverage on shares of Portland General Electric in a research report on Thursday, September 12th.
They set an “underperform” rating and a $47.00 target price for the company. KeyCorp upgraded shares of Portland General Electric from a “sector weight” rating to an “overweight” rating in a research report on Monday, July 22nd.
Barclays lowered shares of Portland General Electric from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $48.00 to $49.00 in a research report on Wednesday, September 18th.
Finally, Jefferies Financial Group started coverage on shares of Portland General Electric in a research report on Friday, September 20th. They set a “hold” rating and a $48.00 target price for the company.
One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.78.
Check Out Our Latest Analysis on POR Portland General Electric Company 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 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 ). Receive News & Ratings for Portland General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric and related companies with MarketBeat.
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