Portland General Electric (NYSE:POR) Stock Position Decreased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its position in shares of Portland General Electric (NYSE:POR - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 496,780 shares of the utilities provider's stock after selling 28,312 shares during the period. Nuveen Asset Management LLC owned about 0.47% of Portland General Electric worth $21,670,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Portland General Electric by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 11,913,132 shares of the utilities provider's stock worth $519,651,000 after buying an additional 572,531 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Portland General Electric by 19.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,959,660 shares of the utilities provider's stock worth $172,720,000 after purchasing an additional 635,987 shares during the period. JPMorgan Chase & Co. raised its position in shares of Portland General Electric by 2.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,333,393 shares of the utilities provider's stock worth $145,403,000 after purchasing an additional 93,903 shares during the period. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 47,172 shares during the period. Finally, Invesco Ltd. raised its position in shares of Portland General Electric by 14.1% during the 4th quarter. Invesco Ltd. now owns 2,200,086 shares of the utilities provider's stock worth $95,968,000 after purchasing an additional 271,540 shares during the period.

Portland General Electric Stock Performance

POR traded up $0.16 during trading hours on Thursday, hitting $42.15. The company's stock had a trading volume of 85,013 shares, compared to its average volume of 1,126,261. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $4.62 billion, a PE ratio of 13.99, a PEG ratio of 1.11 and a beta of 0.57. The company has a 50-day simple moving average of $42.59 and a 200 day simple moving average of $43.48.

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

Portland General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be paid a dividend of $0.525 per share. This is a positive change from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date is Tuesday, June 24th. Portland General Electric's dividend payout ratio (DPR) is presently 73.94%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on POR. Wall Street Zen upgraded Portland General Electric from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. LADENBURG THALM/SH SH cut Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price target on the stock. in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their price target on Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. UBS Group upgraded Portland General Electric from a "neutral" rating to a "buy" rating and increased their price target for the stock from $47.00 to $50.00 in a research report on Monday, May 5th. Finally, BMO Capital Markets began coverage on 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $45.60.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, EVP Benjamin Felton sold 1,845 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total transaction of $79,371.90. Following the completion of the transaction, the executive vice president now directly owns 32,646 shares of the company's stock, valued at approximately $1,404,430.92. This trade represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

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.