2 weeks Ago By Defense World Staff
Teacher Retirement System of Texas boosted its position in shares of Portland General Electric ( NYSE:POR – Free Report ) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,178 shares of the utilities provider’s stock after purchasing an additional 2,031 shares during the period.
Teacher Retirement System of Texas’ holdings in Portland General Electric were worth $1,098,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc.
acquired a new stake in shares of Portland General Electric in the 4th quarter valued at $29,000. Versant Capital Management Inc lifted its position in shares of Portland General Electric by 151.0% in the fourth quarter.
Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after buying an additional 450 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Portland General Electric by 1,538.
0% during 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 last quarter.
EverSource Wealth Advisors LLC raised its stake in shares of 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 valued at $61,000 after acquiring an additional 1,096 shares in the last quarter.
Finally, USA Financial Formulas acquired a new stake in Portland General Electric in the 4th quarter worth approximately $71,000. Analyst Upgrades and Downgrades A number of research firms have recently commented on POR. KeyCorp dropped their price target on shares of Portland General Electric from $52.
00 to $51.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 4th. Bank of America cut their target price on shares of Portland General Electric from $46.
00 to $43.00 and set an “underperform” rating for the company in a research report on Tuesday, December 24th. LADENBURG THALM/SH SH downgraded Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.
00 price target on the stock. in a research report on Tuesday, February 18th. Jefferies Financial Group cut their price objective on Portland General Electric from $47.
00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Finally, Barclays raised their target price on Portland General Electric from $42.
00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company.
According to data from MarketBeat, Portland General Electric currently has an average rating of “Hold” and an average price target of $47.00. Insider Buying and Selling at Portland General Electric In other news, CFO Joseph R.
Trpik, Jr. sold 1,375 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $41.
32, for a total value of $56,815.00. Following the sale, the chief financial officer now owns 31,960 shares in the company, valued at approximately $1,320,587.
20. The trade was a 4.12 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Company insiders own 0.40% of the company’s stock.
Portland General Electric Price Performance Shares of NYSE:POR opened at $44.39 on Friday. The firm has a market capitalization of $4.
86 billion, a PE ratio of 14.75, a PEG ratio of 1.11 and a beta of 0.
55. 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 1-year low of $40.
05 and a 1-year high of $49.85. The business’s 50 day moving average is $43.
01 and its 200-day moving average is $45.04. Portland General Electric ( NYSE:POR – Get Free Report ) last posted its quarterly earnings results on Friday, February 14th.
The utilities provider reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.
01. Portland General Electric had a net margin of 9.13% and a return on equity of 9.
10%. The firm had revenue of $824.00 million for the quarter, compared to the consensus estimate of $716.
17 million. During the same quarter in the previous year, the company earned $0.67 earnings per share.
Sell-side analysts predict that Portland General Electric will post 3.21 earnings per share for the current year. Portland General Electric Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th.
Shareholders of record on Monday, March 24th will be paid a dividend of $0.50 per share. This represents a $2.
00 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Monday, March 24th.
Portland General Electric’s dividend payout ratio is 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. Recommended Stories Five stocks we like better than Portland General Electric 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion MarketBeat Week in Review – 03/24 – 03/28 The Risks of Owning Bonds Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low How to Calculate Return on Investment (ROI) 4 Healthcare Stocks With Massive Gains—and More to Come 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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