Brown Advisory Inc. Boosts Holdings in Portland General Electric Company (NYSE:POR)

Brown Advisory Inc. boosted its position in shares of Portland General Electric Company (NYSE:POR - Free Report) by 54.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,085,699 shares of the utilities provider's stock after purchasing an additional 380,749 shares during the period. Brown Advisory Inc. owned approximately 0.99% of Portland General Electric worth $48,422,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of POR. True Wealth Design LLC purchased a new position in Portland General Electric during the fourth quarter worth about $27,000. Wayfinding Financial LLC purchased a new position in Portland General Electric during the first quarter worth about $27,000. Private Trust Co. NA raised its stake in Portland General Electric by 62.6% during the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock worth $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 first quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock worth $29,000 after purchasing an additional 345 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in Portland General Electric during the fourth quarter worth about $52,000.

Insider Activity at Portland General Electric

In other Portland General Electric news, EVP Benjamin Felton sold 1,845 shares of the stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $43.02, for a total value of $79,371.90. Following the sale, the executive vice president directly owned 32,646 shares of the company's stock, valued at approximately $1,404,430.92. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.40% of the company's stock.

Portland General Electric Stock Down 0.9%

POR traded down $0.35 during trading hours on Friday, hitting $41.12. 943,755 shares of the company's stock were exchanged, compared to its average volume of 1,061,591. Portland General Electric Company has a 12-month low of $39.55 and a 12-month high of $49.85. The firm has a 50 day moving average of $41.44 and a 200 day moving average of $42.35. The firm has a market cap of $4.50 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 3.86 and a beta of 0.56. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 1.28.

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

Portland General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be given a $0.525 dividend. The ex-dividend date is Tuesday, June 24th. This is an increase from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 5.11%. Portland General Electric's dividend payout ratio is currently 73.94%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of 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. BMO Capital Markets assumed coverage on shares of Portland General Electric in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Evercore ISI reduced their price target on shares of 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. Finally, KeyCorp downgraded shares of 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $45.60.

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.