1 week Ago By ABMN Staff
Pictet Asset Management Holding SA grew its holdings in Portland General Electric ( NYSE:POR – Free Report ) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,442 shares of the utilities provider’s stock after acquiring an additional 1,343 shares during the quarter.
Pictet Asset Management Holding SA’s holdings in Portland General Electric were worth $761,000 at the end of the most recent reporting period. A number of other large investors have also modified their holdings of POR. Newbridge Financial Services Group Inc.
acquired a new stake in Portland General Electric in the 4th quarter worth approximately $29,000. Versant Capital Management Inc grew its holdings in shares of Portland General Electric by 151.0% during the fourth quarter.
Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock valued at $33,000 after buying an additional 450 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Portland General Electric by 1,538.
0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 769 shares during the period.
EverSource Wealth Advisors LLC raised its stake in Portland General Electric by 352.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 1,096 shares during the last quarter.
Finally, USA Financial Formulas acquired a new stake in Portland General Electric during the 4th quarter worth about $71,000. Insider Buying and Selling In related news, CFO Joseph R. Trpik, Jr.
sold 1,375 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total transaction of $56,815.
00. Following the completion of the sale, the chief financial officer now directly owns 31,960 shares in the company, valued at approximately $1,320,587.20.
The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website .
Insiders own 0.40% of the company’s stock. Wall Street Analysts Forecast Growth Check Out Our Latest Analysis on Portland General Electric Portland General Electric Stock Performance NYSE POR opened at $41.
55 on Tuesday. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 13.
80, a PEG ratio of 1.11 and a beta of 0.49.
The stock has a 50-day moving average of $43.26 and a 200 day moving average of $44.82.
The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.
22. Portland General Electric has a twelve month low of $40.05 and a twelve month high of $49.
85. Portland General Electric ( NYSE:POR – Get Free Report ) last announced its earnings results on Friday, February 14th. The utilities provider reported $0.
36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01.
The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $716.17 million.
Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%.
During the same period in the prior year, the company posted $0.67 EPS. Sell-side analysts anticipate that Portland General Electric will post 3.
21 EPS for the current fiscal year. Portland General Electric Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.
50 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.
00 annualized dividend and a dividend yield of 4.81%. Portland General Electric’s dividend payout ratio (DPR) is presently 66.
45%. 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 ).
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