Invesco Ltd. Has $101.80 Million Stock Holdings in Portland General Electric Company $POR

Key Points

• Invesco Ltd. increased its stake in Portland General Electric Company (NYSE: POR) by 3.7%, owning approximately 2.08% of the company worth $101.8 million as of the end of the first quarter.
• Wall Street analysts have mixed ratings on POR, with one sell, eight hold, and two buy ratings; the current consensus price target is $45.40.
• Portland General Electric announced a quarterly dividend of $0.525 per share, which translates to an annualized dividend yield of 5.0%.

Invesco Ltd. increased its holdings in Portland General Electric Company (NYSE:POR - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,282,513 shares of the utilities provider's stock after purchasing an additional 82,427 shares during the period. Invesco Ltd. owned approximately 2.08% of Portland General Electric worth $101,800,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in Portland General Electric in the fourth quarter worth about $27,000. Wayfinding Financial LLC acquired a new position in Portland General Electric in the first quarter worth about $27,000. Private Trust Co. NA raised its position in Portland General Electric by 62.6% in 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 in the last quarter. Global X Japan Co. Ltd. raised its position in Portland General Electric by 113.1% in 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 in the last quarter. Finally, Costello Asset Management INC acquired a new position in Portland General Electric in the first quarter worth about $46,000.

Portland General Electric Price Performance

Shares of Portland General Electric stock traded down $0.3140 during midday trading on Thursday, reaching $42.1860. The company had a trading volume of 1,179,872 shares, compared to its average volume of 1,228,604. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 3.89 and a beta of 0.55. The stock has a fifty day simple moving average of $41.18 and a 200 day simple moving average of $42.23. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The business had revenue of $807.00 million during the quarter, compared to analyst estimates of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. Portland General Electric's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. As a group, equities research 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, September 25th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 5.0%. Portland General Electric's dividend payout ratio (DPR) is currently 77.49%.

Insider Buying and Selling

In related news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $41.35, for a total value of $107,634.05. Following the completion of the sale, the chief financial officer owned 27,089 shares of the company's stock, valued at $1,120,130.15. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael A. Lewis sold 1,937 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $40.10, for a total transaction of $77,673.70. Following the completion of the sale, the director directly owned 13,509 shares of the company's stock, valued at approximately $541,710.90. This represents a 12.54% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Evercore ISI dropped their price objective on shares of Portland General Electric from $51.00 to $48.00 and set an "outperform" rating for the company in a report on Monday, April 28th. UBS Group raised shares of Portland General Electric from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $47.00 to $50.00 in a report on Monday, May 5th. Wells Fargo & Company dropped their price objective on shares of Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Portland General Electric from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $45.40.

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.