Portland General Electric Company (NYSE:POR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in Portland General Electric Company (NYSE:POR - Free Report) by 33.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,278 shares of the utilities provider's stock after selling 27,793 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Portland General Electric worth $2,510,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of POR. Raymond James Financial Inc. purchased a new position in shares of Portland General Electric in the 4th quarter valued at $7,181,000. Swiss National Bank lifted its holdings in shares of Portland General Electric by 0.7% in the 4th quarter. Swiss National Bank now owns 202,700 shares of the utilities provider's stock valued at $8,842,000 after buying an additional 1,500 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Portland General Electric by 31.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 44,384 shares of the utilities provider's stock valued at $1,936,000 after buying an additional 10,571 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Portland General Electric by 20.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,971 shares of the utilities provider's stock worth $566,000 after purchasing an additional 2,225 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Portland General Electric in the 4th quarter worth about $425,000.

Portland General Electric Trading Up 1.8%

Shares of NYSE:POR traded up $0.72 during trading on Monday, hitting $40.74. The company had a trading volume of 728,784 shares, compared to its average volume of 1,069,386. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 3.72 and a beta of 0.56. Portland General Electric Company has a one year low of $39.55 and a one year high of $49.85. The company has a fifty day simple moving average of $41.25 and a two-hundred day simple moving average of $42.22. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.06 and a quick ratio of 0.94.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.02). Portland General Electric had a net margin of 8.84% and a return on equity of 8.24%. The company had revenue of $928.00 million during the quarter, compared to analyst estimates of $977.02 million. During the same period last year, the firm earned $1.21 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts forecast that Portland General Electric Company will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, September 25th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 5.15%. Portland General Electric's payout ratio is currently 73.94%.

Analysts Set New Price Targets

A number of research analysts have commented on POR shares. KeyCorp cut Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 price target on the stock. in a research note on Wednesday, May 14th. Wells Fargo & Company decreased their price target on shares of Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. BMO Capital Markets started coverage on shares of Portland General Electric in a research report on Tuesday, May 13th. They set a "market perform" rating and a $46.00 price target on the stock. Evercore ISI cut their price target on Portland General Electric from $51.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, UBS Group upgraded Portland General Electric from a "neutral" rating to a "buy" rating and upped their target price for the stock from $47.00 to $50.00 in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $45.60.

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.