Yousif Capital Management LLC Has $1.68 Million Stake in Portland General Electric (NYSE:POR)

Yousif Capital Management LLC cut its position in Portland General Electric (NYSE:POR) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,535 shares of the utilities provider’s stock after selling 641 shares during the quarter. Yousif Capital Management LLC’s holdings in Portland General Electric were worth $1,681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in Portland General Electric during the second quarter valued at approximately $399,000. Creative Planning increased its stake in shares of Portland General Electric by 5.4% in the 3rd quarter. Creative Planning now owns 25,426 shares of the utilities provider’s stock valued at $1,218,000 after purchasing an additional 1,297 shares during the last quarter. First Pacific Financial raised its holdings in shares of Portland General Electric by 2.9% during the 3rd quarter. First Pacific Financial now owns 12,331 shares of the utilities provider’s stock worth $591,000 after buying an additional 347 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Portland General Electric during the 3rd quarter worth $218,000. Finally, nVerses Capital LLC bought a new stake in shares of Portland General Electric during the 3rd quarter worth $321,000.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group reiterated a “neutral” rating and issued a $47.00 target price (down previously from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Bank of America decreased their price target on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a report on Tuesday, December 24th. Barclays dropped their price objective on shares of Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. KeyCorp decreased their target price on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group dropped their price target on Portland General Electric from $47.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.38.

Portland General Electric Price Performance

Shares of NYSE:POR opened at $41.93 on Wednesday. The firm has a market cap of $4.42 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.05 and a beta of 0.61. Portland General Electric has a 52 week low of $39.42 and a 52 week high of $49.85. The firm’s fifty day moving average is $42.96 and its 200-day moving average is $45.87. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98.

Portland General Electric 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.