Atria Investments Inc Sells 1,337 Shares of Portland General Electric (NYSE:POR)

Atria Investments Inc decreased its position in shares of Portland General Electric (NYSE:POR) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,027 shares of the utilities provider’s stock after selling 1,337 shares during the quarter. Atria Investments Inc’s holdings in Portland General Electric were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of POR. GSA Capital Partners LLP increased its holdings in shares of Portland General Electric by 117.8% during the third quarter. GSA Capital Partners LLP now owns 16,294 shares of the utilities provider’s stock valued at $780,000 after acquiring an additional 8,814 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Portland General Electric by 27.0% during the third quarter. OneDigital Investment Advisors LLC now owns 6,991 shares of the utilities provider’s stock valued at $335,000 after acquiring an additional 1,486 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Portland General Electric by 2.0% during the third quarter. Natixis Advisors LLC now owns 318,491 shares of the utilities provider’s stock valued at $15,256,000 after acquiring an additional 6,178 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Portland General Electric by 72.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,259,845 shares of the utilities provider’s stock valued at $60,346,000 after acquiring an additional 530,020 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Portland General Electric by 1.0% during the third quarter. Swiss National Bank now owns 201,200 shares of the utilities provider’s stock valued at $9,637,000 after acquiring an additional 2,000 shares in the last quarter.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was 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 trade represents a 4.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

POR has been the subject of several recent research reports. Barclays upped their price target on Portland General Electric from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. UBS Group reaffirmed a “neutral” rating and set a $47.00 price target (down previously from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Bank of America dropped their price target on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research report on Tuesday, December 24th. 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, Evercore ISI upped their price target on Portland General Electric from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $47.00.

Portland General Electric Stock Up 1.4 %

Shares of NYSE POR opened at $44.94 on Monday. Portland General Electric has a 52 week low of $40.05 and a 52 week high of $49.85. The business has a 50-day simple moving average of $42.58 and a two-hundred day simple moving average of $45.32. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22. The company has a market cap of $4.92 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.11 and a beta of 0.55.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $716.17 million. During the same quarter last year, the company earned $0.67 EPS. Research analysts anticipate that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

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 issued a $0.50 dividend. The ex-dividend date is Monday, March 24th. This represents a $2.00 annualized dividend and a dividend yield of 4.45%. Portland General Electric’s payout ratio is currently 66.45%.

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.