International Assets Investment Management LLC Has $96,000 Stock Position in Portland General Electric (NYSE:POR)

International Assets Investment Management LLC lifted its position in shares of Portland General Electric (NYSE:POR) by 4,690.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,012 shares of the utilities provider’s stock after purchasing an additional 1,970 shares during the quarter. International Assets Investment Management LLC’s holdings in Portland General Electric were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of POR. Vaughan Nelson Investment Management L.P. bought a new position in shares of Portland General Electric during the second quarter valued at $31,557,000. Marshall Wace LLP increased its position in shares of Portland General Electric by 657.0% during the 2nd quarter. Marshall Wace LLP now owns 314,688 shares of the utilities provider’s stock worth $13,607,000 after purchasing an additional 273,118 shares in the last quarter. Systematic Financial Management LP lifted its holdings in Portland General Electric by 83.4% during the 2nd quarter. Systematic Financial Management LP now owns 424,701 shares of the utilities provider’s stock valued at $18,364,000 after purchasing an additional 193,164 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Portland General Electric in the second quarter valued at about $7,459,000. Finally, Natixis Advisors LLC grew its stake in Portland General Electric by 91.7% during the second quarter. Natixis Advisors LLC now owns 312,313 shares of the utilities provider’s stock worth $13,505,000 after buying an additional 149,429 shares during the last quarter.

Portland General Electric Stock Performance

Shares of NYSE:POR opened at $46.49 on Friday. The company’s 50 day simple moving average is $47.74 and its 200 day simple moving average is $45.79. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.18 and a beta of 0.59. Portland General Electric has a 1 year low of $39.13 and a 1 year high of $49.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.98 and a quick ratio of 0.86.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, October 25th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The business had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $882.66 million. During the same period in the prior year, the company earned $0.46 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, research analysts predict that Portland General Electric will post 3.11 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 24th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Tuesday, December 24th. Portland General Electric’s dividend payout ratio (DPR) is presently 59.70%.

Insiders Place Their Bets

In other Portland General Electric news, SVP Maria Angelica Espinosa sold 2,500 shares of Portland General Electric stock in a transaction on Tuesday, September 10th. The shares were 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 directly owns 14,263 shares of the company’s stock, valued at approximately $688,902.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on POR shares. Evercore ISI initiated coverage on Portland General Electric in a report on Wednesday, September 25th. They issued an “outperform” rating and a $54.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Bank of America initiated coverage on Portland General Electric in a report on Thursday, September 12th. They issued an “underperform” rating and a $47.00 price target for the company. Barclays decreased their price objective on shares of Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Finally, KeyCorp raised shares of Portland General Electric from a “sector weight” rating to an “overweight” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $48.13.

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.