Portland General Electric Company (NYSE:POR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in Portland General Electric Company (NYSE:POR - Free Report) by 85.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,137 shares of the utilities provider's stock after selling 152,557 shares during the quarter. Nisa Investment Advisors LLC's holdings in Portland General Electric were worth $1,179,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in Portland General Electric during the 4th quarter valued at approximately $27,000. Wayfinding Financial LLC bought a new stake in Portland General Electric during the 1st quarter valued at approximately $27,000. Private Trust Co. NA raised its stake in Portland General Electric by 62.6% during the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 244 shares during the period. Global X Japan Co. Ltd. raised its stake in Portland General Electric by 113.1% during the 1st quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 345 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Portland General Electric during the 4th quarter valued at approximately $52,000.

Wall Street Analysts Forecast Growth

POR has been the topic of several recent analyst reports. Evercore ISI decreased their target price on Portland General Electric from $51.00 to $48.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Barclays decreased their target price on Portland General Electric from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price objective on Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Wall Street Zen raised Portland General Electric from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, KeyCorp downgraded Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 price objective on the stock. in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Portland General Electric presently has a consensus rating of "Hold" and an average target price of $45.60.

Portland General Electric Stock Performance

Shares of POR traded down $0.19 during mid-day trading on Friday, reaching $40.02. The company had a trading volume of 842,128 shares, compared to its average volume of 1,064,845. The stock has a market capitalization of $4.38 billion, a P/E ratio of 14.09, a PEG ratio of 3.79 and a beta of 0.56. The stock has a 50 day moving average of $41.30 and a two-hundred day moving average of $42.26. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 1.28. Portland General Electric Company has a 52-week low of $39.55 and a 52-week high of $49.85.

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

Portland General Electric Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.525 per share. The ex-dividend date was Tuesday, June 24th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 5.25%. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. Portland General Electric's dividend payout ratio is presently 73.94%.

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.