Evergreen Capital Management LLC Invests $280,000 in Portland General Electric Company $POR

Key Points

• Evergreen Capital Management LLC has invested $280,000 in Portland General Electric Company, acquiring 6,196 shares in the first quarter.
• Analysts have mixed opinions on Portland General Electric's stock, with Barclays lowering the target price from $45.00 to $43.00, while Zacks Research upgraded it from "strong sell" to "hold."
• The company declared a quarterly dividend of $0.525 per share, with a yield of 4.9% and a payout ratio of 77.49%.

Evergreen Capital Management LLC acquired a new stake in Portland General Electric Company (NYSE:POR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,196 shares of the utilities provider's stock, valued at approximately $280,000.

Several other large investors also recently added to or reduced their stakes in POR. Wayfinding Financial LLC purchased a new stake in shares of Portland General Electric in the 1st quarter valued at $27,000. Private Trust Co. NA boosted its holdings in shares of Portland General Electric by 62.6% in the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 244 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in shares of Portland General Electric by 113.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 345 shares during the last quarter. Costello Asset Management INC purchased a new stake in shares of Portland General Electric in the 1st quarter valued at $46,000. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Portland General Electric by 25.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,443 shares of the utilities provider's stock valued at $64,000 after acquiring an additional 291 shares during the last quarter.

Insider Buying and Selling at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of Portland General Electric stock in a transaction on Friday, August 1st. The shares were sold at an average price of $41.35, for a total transaction of $107,634.05. Following the sale, the chief financial officer owned 27,089 shares of the company's stock, valued at $1,120,130.15. The trade was a 8.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael A. Lewis sold 1,937 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $40.10, for a total transaction of $77,673.70. Following the sale, the director directly owned 13,509 shares in the company, valued at $541,710.90. This trade represents a 12.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Portland General Electric Stock Performance

Portland General Electric stock traded up $0.26 during trading hours on Tuesday, reaching $42.34. 317,010 shares of the stock were exchanged, compared to its average volume of 1,167,893. The stock has a market cap of $4.64 billion, a P/E ratio of 15.55, a P/E/G ratio of 3.91 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.84 and a current ratio of 0.97. Portland General Electric Company has a 52-week low of $39.54 and a 52-week high of $49.85. The firm's 50 day moving average is $41.71 and its 200 day moving average is $42.27.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. The company had revenue of $807.00 million during the quarter, compared to the consensus estimate of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. Portland General Electric's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Analysts predict that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, September 25th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Thursday, September 25th. Portland General Electric's dividend payout ratio (DPR) is presently 77.49%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on POR. Zacks Research raised shares of Portland General Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. JPMorgan Chase & Co. decreased their price objective on shares of Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, May 19th. KeyCorp downgraded shares of Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 price objective on the stock. in a report on Wednesday, May 14th. Barclays reduced their target price on shares of Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 22nd. Finally, BMO Capital Markets began coverage on shares of Portland General Electric in a research report on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $45.40.

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.