Massachusetts Financial Services Co. MA Lowers Position in Portland General Electric Company $POR

Key Points

• Massachusetts Financial Services Co. trimmed its stake by 0.9% and now holds 2,958,787 shares (about 2.63%) of Portland General Electric, valued at roughly $141.99 million.
• Portland General Electric missed quarterly expectations (EPS $0.47 vs. $0.59 expected; revenue $889M vs. $892.3M) but set FY2026 guidance of 3.330–3.530 EPS and announced a quarterly dividend of $0.525 per share (3.9% yield).
• Insider and institutional moves included EVP Benjamin Felton selling 4,969 shares (a 10.79% reduction in his stake), while Millennium Management notably increased its holding by 465.5% and several other firms modestly raised positions.

Massachusetts Financial Services Co. MA trimmed its stake in Portland General Electric Company (NYSE:POR - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,958,787 shares of the utilities provider's stock after selling 27,154 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.63% of Portland General Electric worth $141,992,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of POR. Royal Bank of Canada grew its holdings in Portland General Electric by 7.4% in the first quarter. Royal Bank of Canada now owns 161,931 shares of the utilities provider's stock valued at $7,222,000 after purchasing an additional 11,141 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Portland General Electric by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,949 shares of the utilities provider's stock valued at $2,763,000 after purchasing an additional 2,717 shares during the period. Millennium Management LLC grew its holdings in Portland General Electric by 465.5% in the first quarter. Millennium Management LLC now owns 151,134 shares of the utilities provider's stock valued at $6,741,000 after purchasing an additional 124,410 shares during the period. United Services Automobile Association purchased a new stake in Portland General Electric in the first quarter valued at approximately $271,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Portland General Electric by 6.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,640 shares of the utilities provider's stock valued at $10,420,000 after purchasing an additional 13,799 shares during the period.

Insider Transactions at Portland General Electric

In other Portland General Electric news, EVP Benjamin Felton sold 4,969 shares of the business's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $53.56, for a total transaction of $266,139.64. Following the completion of the sale, the executive vice president directly owned 41,081 shares in the company, valued at $2,200,298.36. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Portland General Electric Price Performance

POR opened at $53.80 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. Portland General Electric Company has a 52-week low of $39.54 and a 52-week high of $54.62. The company has a 50 day moving average of $52.58 and a two-hundred day moving average of $49.36. The company has a market cap of $6.23 billion, a P/E ratio of 19.42, a P/E/G ratio of 3.04 and a beta of 0.62.

Portland General Electric (NYSE:POR - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.12). Portland General Electric had a return on equity of 8.52% and a net margin of 8.56%.The business had revenue of $889.00 million for the quarter, compared to analysts' expectations of $892.31 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. On average, analysts expect that Portland General Electric Company will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, March 23rd. Portland General Electric's payout ratio is currently 75.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on POR shares. Barclays boosted their target price on shares of Portland General Electric from $47.00 to $53.00 and gave the company an "equal weight" rating in a report on Tuesday, February 17th. UBS Group boosted their target price on shares of Portland General Electric from $53.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 19th. BTIG Research restated a "buy" rating and issued a $58.00 target price on shares of Portland General Electric in a report on Friday, January 30th. Wells Fargo & Company boosted their target price on shares of Portland General Electric from $45.00 to $49.00 and gave the company an "equal weight" rating in a report on Tuesday, January 20th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $55.00 target price on shares of Portland General Electric in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Portland General Electric has an average rating of "Hold" and an average target price of $50.17.

Portland General Electric Profile

Portland General Electric NYSE: POR is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon's largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.

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