2 weeks Ago By ABMN Staff
Townsquare Capital LLC boosted its stake in Portland General Electric ( NYSE:POR – Free Report ) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,135 shares of the utilities provider’s stock after purchasing an additional 528 shares during the quarter.
Townsquare Capital LLC’s holdings in Portland General Electric were worth $355,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Portland General Electric during the 4th quarter worth $62,004,000.
Assenagon Asset Management S.A. acquired a new position in Portland General Electric in the fourth quarter valued at $32,553,000.
Vanguard Group Inc. boosted its position in shares of Portland General Electric by 5.0% during the 4th quarter.
Vanguard Group Inc. now owns 11,913,132 shares of the utilities provider’s stock valued at $519,651,000 after purchasing an additional 572,531 shares in the last quarter. OLD Republic International Corp bought a new position in shares of Portland General Electric during the 4th quarter worth approximately $22,464,000.
Finally, Brandywine Global Investment Management LLC raised its holdings in shares of Portland General Electric by 1,510.2% during the fourth quarter. Brandywine Global Investment Management LLC now owns 359,126 shares of the utilities provider’s stock valued at $15,665,000 after purchasing an additional 336,823 shares during the period.
Wall Street Analysts Forecast Growth A number of equities analysts have recently weighed in on the company. StockNews.com lowered Portland General Electric from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd.
Bank of America reduced their target price on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating for the company in a report on Tuesday, December 24th.
JPMorgan Chase & Co. restated a “neutral” rating and set a $44.00 price objective (down previously from $50.
00) on shares of Portland General Electric in a report on Thursday, April 10th. LADENBURG THALM/SH SH cut 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. Finally, UBS Group reaffirmed a “neutral” rating and issued a $47.00 price objective (down from $52.
00) on shares of Portland General Electric in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.
com, the company has an average rating of “Hold” and a consensus target price of $45.78. Insider Buying and Selling at Portland General Electric In other news, EVP Benjamin Felton sold 1,845 shares of the business’s stock in a transaction dated Thursday, April 17th.
The stock was sold at an average price of $43.02, for a total value of $79,371.90.
Following the completion of the sale, the executive vice president now owns 32,646 shares of the company’s stock, valued at approximately $1,404,430.92. The trade was a 5.
35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, CFO Joseph R.
Trpik, Jr. sold 1,375 shares of the stock in a transaction dated 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 of the company’s stock, valued at $1,320,587.
20. This represents a 4.12 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold 3,795 shares of company stock worth $159,946 over the last ninety days. Insiders own 0.
40% of the company’s stock. Portland General Electric Price Performance POR stock opened at $42.39 on Tuesday.
The firm has a 50 day simple moving average of $43.53 and a two-hundred day simple moving average of $44.41.
The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.
81. The stock has a market cap of $4.64 billion, a PE ratio of 14.
08, a P/E/G ratio of 1.11 and a beta of 0.49.
Portland General Electric has a one year low of $40.05 and a one year high of $49.85.
Portland General Electric ( NYSE:POR – Get Free Report ) last released its earnings results on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.
35 by $0.01. Portland General Electric had a return on equity of 9.
10% and a net margin of 9.13%. The business had revenue of $824.
00 million for the quarter, compared to analysts’ expectations of $716.17 million. During the same quarter in the prior year, the firm earned $0.
67 earnings per share. On average, analysts predict that Portland General Electric will post 3.21 EPS for the current fiscal year.
Portland General Electric Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be paid a $0.525 dividend.
The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.10 annualized dividend and a yield of 4.
95%. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.50.
Portland General Electric’s dividend payout ratio is currently 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. 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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