1 week Ago By ABMN Staff
Foundry Partners LLC bought a new position in shares of Portland General Electric ( NYSE:POR – Free Report ) during the 2nd quarter, HoldingsChannel reports. The fund bought 8,037 shares of the utilities provider’s stock, valued at approximately $348,000. Other large investors have also made changes to their positions in the company.
Van ECK Associates Corp boosted its stake in Portland General Electric by 1.4% during the fourth quarter. Van ECK Associates Corp now owns 22,856 shares of the utilities provider’s stock worth $991,000 after buying an additional 321 shares during the last quarter.
Amalgamated Bank raised its holdings in shares of Portland General Electric by 0.8% during the 4th quarter. Amalgamated Bank now owns 58,550 shares of the utilities provider’s stock worth $2,538,000 after acquiring an additional 490 shares during the period.
Benjamin F. Edwards & Company Inc. acquired a new position in shares of Portland General Electric during the 4th quarter valued at about $86,000.
M&T Bank Corp increased its position in Portland General Electric by 73.3% during the fourth quarter. M&T Bank Corp now owns 18,459 shares of the utilities provider’s stock worth $800,000 after purchasing an additional 7,808 shares during the last quarter.
Finally, Charles Schwab Investment Management Inc. increased its position in Portland General Electric by 3.0% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 1,197,053 shares of the utilities provider’s stock worth $51,880,000 after purchasing an additional 35,083 shares during the last quarter. Analysts Set New Price Targets POR has been the topic of several recent analyst reports.
StockNews.com lowered shares of Portland General Electric from a “hold” rating to a “sell” rating in a report on Friday. KeyCorp raised Portland General Electric from a “sector weight” rating to an “overweight” rating in a research note on Monday, July 22nd.
Barclays upped their price target on Portland General Electric from $44.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd.
Finally, Mizuho raised their price objective on Portland General Electric from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th.
One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Portland General Electric has an average rating of “Hold” and a consensus target price of $44.
86. Insider Buying and Selling at Portland General Electric In other news, COO Benjamin Felton sold 1,886 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $48.
00, for a total transaction of $90,528.00. Following the sale, the chief operating officer now owns 30,142 shares of the company’s stock, valued at $1,446,816.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . In other news, COO Benjamin Felton sold 1,886 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $48.
00, for a total transaction of $90,528.00. Following the completion of 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 filing with the SEC, which is accessible through this link . Also, VP John Teeruk Kochavatr sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $46.
25, for a total transaction of $50,875.00. Following the sale, the vice president now owns 22,606 shares in the company, valued at $1,045,527.
50. The disclosure for this sale can be found here . 0.
54% of the stock is currently owned by corporate insiders. Portland General Electric Trading Down 0.9 % Shares of NYSE POR opened at $47.
98 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.
86 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $4.
94 billion, a PE ratio of 18.38 and a beta of 0.59.
Portland General Electric has a twelve month low of $38.01 and a twelve month high of $49.26.
The stock has a fifty day simple moving average of $46.34 and a 200-day simple moving average of $43.80.
Portland General Electric ( NYSE:POR – Get Free Report ) last announced its earnings results on Friday, July 26th. The utilities provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.
62 by $0.07. The company had revenue of $758.
00 million during the quarter, compared to analysts’ expectations of $716.43 million. Portland General Electric had a return on equity of 9.
15% and a net margin of 9.24%. Portland General Electric’s revenue for the quarter was up 17.
0% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS.
On average, equities analysts forecast that Portland General Electric will post 3.09 earnings per share for the current 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. The ex-dividend date is Tuesday, September 24th.
This represents a $2.00 dividend on an annualized basis and a yield of 4.17%.
Portland General Electric’s dividend payout ratio (DPR) is presently 76.63%. 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. See Also 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.com's FREE daily email newsletter .
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