Brown Advisory Inc. Sells 21,082 Shares of Portland General Electric (NYSE:POR)

Brown Advisory Inc. decreased its holdings in shares of Portland General Electric (NYSE:POR - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 704,950 shares of the utilities provider's stock after selling 21,082 shares during the period. Brown Advisory Inc. owned about 0.67% of Portland General Electric worth $30,750,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Portland General Electric by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 11,913,132 shares of the utilities provider's stock valued at $519,651,000 after buying an additional 572,531 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Portland General Electric by 19.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,959,660 shares of the utilities provider's stock valued at $172,720,000 after acquiring an additional 635,987 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Portland General Electric by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,333,393 shares of the utilities provider's stock worth $145,403,000 after acquiring an additional 93,903 shares in the last quarter. Geode Capital Management LLC grew its position in Portland General Electric by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,491,658 shares of the utilities provider's stock worth $108,710,000 after acquiring an additional 47,172 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Portland General Electric by 14.1% during the 4th quarter. Invesco Ltd. now owns 2,200,086 shares of the utilities provider's stock valued at $95,968,000 after purchasing an additional 271,540 shares in the last quarter.

Portland General Electric Trading Up 0.3 %

Shares of NYSE:POR traded up $0.12 during mid-day trading on Friday, reaching $42.45. The stock had a trading volume of 612,364 shares, compared to its average volume of 1,020,174. The firm has a market cap of $4.65 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57. The firm has a 50 day simple moving average of $43.19 and a two-hundred day simple moving average of $44.00. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. Portland General Electric has a twelve month low of $40.05 and a twelve month high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.02). Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The firm had revenue of $928.00 million for the quarter, compared to the consensus estimate of $977.02 million. During the same period in the prior year, the business earned $1.21 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts predict that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 24th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 4.95%. The ex-dividend date is Tuesday, June 24th. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. Portland General Electric's payout ratio is 73.94%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on POR shares. Wells Fargo & Company decreased their target price on Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group dropped their target price on shares of 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. StockNews.com raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a report on Friday, April 25th. LADENBURG THALM/SH SH downgraded Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective on the stock. in a report on Tuesday, February 18th. Finally, Evercore ISI lowered their target price on Portland General Electric from $51.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $45.40.

Insider Activity at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric 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 document filed with the SEC, which is available through the SEC website. Also, EVP Benjamin Felton sold 1,845 shares of the company'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 transaction, the executive vice president now directly owns 32,646 shares of the company's stock, valued at $1,404,430.92. This represents a 5.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,795 shares of company stock worth $159,946. 0.40% of the stock is owned by company insiders.

About Portland General Electric

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.