Creative Planning Acquires 1,297 Shares of Portland General Electric (NYSE:POR)

Creative Planning increased its holdings in Portland General Electric (NYSE:POR) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,426 shares of the utilities provider’s stock after buying an additional 1,297 shares during the quarter. Creative Planning’s holdings in Portland General Electric were worth $1,218,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV raised its position in Portland General Electric by 767.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 581 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 514 shares during the period. LRI Investments LLC bought a new position in Portland General Electric in the 1st quarter worth $26,000. Ashton Thomas Private Wealth LLC purchased a new position in Portland General Electric during the second quarter valued at $33,000. Blue Trust Inc. grew its holdings in Portland General Electric by 94.5% during the second quarter. Blue Trust Inc. now owns 928 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 451 shares during the period. Finally, Quest Partners LLC purchased a new stake in Portland General Electric in the second quarter worth about $40,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on POR shares. Bank of America assumed coverage on Portland General Electric in a research report on Thursday, September 12th. They set an “underperform” rating and a $47.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Barclays reduced their price objective on shares of Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Tuesday. StockNews.com upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, KeyCorp upgraded Portland General Electric from a “sector weight” rating to an “overweight” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.13.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, 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 directly owns 22,606 shares in the company, valued at $1,045,527.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, VP John Teeruk Kochavatr sold 1,100 shares of the business’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 transaction, the vice president now owns 22,606 shares of the company’s stock, valued at approximately $1,045,527.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Maria Angelica Espinosa sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $48.30, for a total value of $120,750.00. Following the completion of the sale, the senior vice president now owns 14,263 shares of the company’s stock, valued at approximately $688,902.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Portland General Electric Stock Down 0.4 %

Shares of POR stock opened at $47.47 on Thursday. The company’s fifty day simple moving average is $47.85 and its two-hundred day simple moving average is $45.58. Portland General Electric has a 52 week low of $39.13 and a 52 week high of $49.85. The stock has a market cap of $4.89 billion, a P/E ratio of 14.17, a PEG ratio of 1.22 and a beta of 0.59. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.28.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Friday, October 25th. The utilities provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Portland General Electric had a return on equity of 10.28% and a net margin of 10.30%. The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $882.66 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. Analysts predict that Portland General Electric will post 3.13 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 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 4.21%. The ex-dividend date of this dividend is Tuesday, December 24th. Portland General Electric’s payout ratio is 59.70%.

Portland General Electric Company Profile

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.