Portland General Electric Company $POR Stake Trimmed by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management reduced its Portland General Electric stake by 8.8% in the second quarter, selling 36,506 shares and retaining 377,978 shares worth approximately $19.6 million.
• Portland General Electric reported quarterly EPS of $0.64, slightly below the $0.65 consensus, while revenue of $814 million also missed estimates. The company maintained a quarterly dividend of $0.5513, representing an annualized yield of about 5.0%.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $50.65. JPMorgan and UBS recently lowered their price targets, while regulatory concerns over the company’s proposed holding-company structure add uncertainty.

Envestnet Asset Management Inc. reduced its position in Portland General Electric Company (NYSE:POR - Free Report) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,978 shares of the utilities provider's stock after selling 36,506 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.32% of Portland General Electric worth $19,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of POR. Rothschild Investment LLC boosted its holdings in Portland General Electric by 112.9% in the 4th quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider's stock worth $29,000 after buying an additional 324 shares during the period. SHP Wealth Management purchased a new stake in Portland General Electric in the 4th quarter worth $34,000. Root Financial Partners LLC raised its holdings in Portland General Electric by 55.8% during the first quarter. Root Financial Partners LLC now owns 1,014 shares of the utilities provider's stock valued at $54,000 after acquiring an additional 363 shares during the period. State of Wyoming raised its holdings in Portland General Electric by 32.9% during the second quarter. State of Wyoming now owns 1,193 shares of the utilities provider's stock valued at $62,000 after acquiring an additional 295 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Portland General Electric by 426.4% in the second quarter. Versant Capital Management Inc now owns 2,369 shares of the utilities provider's stock valued at $123,000 after acquiring an additional 1,919 shares in the last quarter.

Portland General Electric Trading Up 0.7%

POR stock opened at $44.50 on Wednesday. The firm has a fifty day moving average price of $49.09 and a 200 day moving average price of $50.49. Portland General Electric Company has a fifty-two week low of $42.58 and a fifty-two week high of $54.62. The firm has a market cap of $5.23 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.91 and a beta of 0.51. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.98.

Portland General Electric (NYSE:POR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Portland General Electric had a net margin of 7.27% and a return on equity of 7.47%. The business had revenue of $814.00 million for the quarter, compared to the consensus estimate of $839.75 million. During the same quarter last year, the business earned $0.66 EPS. Portland General Electric's revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Portland General Electric Company will post 3.39 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be issued a $0.5513 dividend. The ex-dividend date is Friday, September 25th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 5.0%. Portland General Electric's payout ratio is 96.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on POR shares. JPMorgan Chase & Co. dropped their price objective on Portland General Electric from $56.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, September 9th. Weiss Ratings downgraded Portland General Electric from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, August 27th. KeyCorp reissued a "sector weight" rating on shares of Portland General Electric in a report on Thursday, September 24th. UBS Group dropped their price target on Portland General Electric from $53.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday. Finally, BMO Capital Markets set a $52.00 price objective on shares of Portland General Electric in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $50.65.

Key Portland General Electric News

Here are the key news stories impacting Portland General Electric this week:

• Positive Sentiment: KeyCorp slightly raised its Portland General Electric FY2026 EPS estimate to $3.42 from $3.41 and its FY2029 forecast to $4.09 from $4.03. The long-term estimate increases offer a modest earnings-growth signal, although KeyCorp maintained a “Sector Weight” rating.
• Neutral Sentiment: Trading in POR was temporarily halted for “News Pending,” indicating that investors were awaiting material company or regulatory information.
• Neutral Sentiment: KeyCorp’s current full-year consensus reference remains $3.38 per share, while its $3.42 FY2026 forecast is only modestly above that level, limiting the impact of the estimate revisions.
• Negative Sentiment: KeyCorp lowered its Q3 2026 EPS estimate to $1.25 from $1.26, signaling slightly softer near-term earnings expectations. The firm continues to rate the utility “Sector Weight.”
• Negative Sentiment: UBS cut its price target to $50 from $53 and retained a “Neutral” rating. Although the revised target still implies potential upside from recent trading levels, the reduction reflects less near-term conviction. UBS Lowers Price Target on Portland General Electric
• Negative Sentiment: Portland General Electric said Oregon regulators imposed overly strict conditions on its proposed holding-company structure, and the company may abandon the plan. The regulatory setback could reduce strategic flexibility and create uncertainty around the proposal. PGE Says Oregon PUC Order on Holding Company Proposal is Too Strict PGE May Abandon Holding-Company Plan
• Negative Sentiment: A billing issue involving missing solar credits reportedly affects hundreds of customers. While the financial effect is unclear, the problem could create customer-relations, remediation, or regulatory risks. Missing Solar Credits on Customer Bills

Insiders Place Their Bets

In other Portland General Electric news, Director Michael Lewis sold 1,537 shares of the business's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $51.83, for a total transaction of $79,662.71. Following the transaction, the director owned 15,045 shares in the company, valued at $779,782.35. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.52% of the stock is owned by company insiders.

Portland General Electric Profile

Portland General Electric Company NYSE: POR is an investor-owned electric utility that generates, purchases, transmits, distributes and sells electricity in Oregon. The company serves residential, commercial, industrial and other customers, offering electric delivery and related energy services across its service territory.

Founded in 1889, Portland General Electric is headquartered in Portland, Oregon, and serves communities in the Portland metropolitan area and the Willamette Valley, among other parts of the state.

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