Portland General Electric Company $POR Holdings Decreased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in Portland General Electric by 6.5%, selling 14,784 shares and holding 214,137 shares, valued at approximately $9.55 million.
• Portland General Electric's stock is currently down 1.2%, with a market cap of $4.59 billion and a P/E ratio of 15.47, having reported a quarterly EPS of $0.66.
• The company announced a quarterly dividend of $0.525 per share, yielding 5.0%, to be paid on October 15th, with a payout ratio of 77.49%.

Russell Investments Group Ltd. lessened its holdings in shares of Portland General Electric Company (NYSE:POR - Free Report) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,137 shares of the utilities provider's stock after selling 14,784 shares during the quarter. Russell Investments Group Ltd. owned 0.20% of Portland General Electric worth $9,551,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA lifted its holdings in shares of Portland General Electric by 62.6% in the 1st 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 last quarter. Menard Financial Group LLC lifted its holdings in shares of Portland General Electric by 4.6% in the 1st quarter. Menard Financial Group LLC now owns 5,905 shares of the utilities provider's stock worth $251,000 after purchasing an additional 257 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Portland General Electric by 3.2% in the 4th quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock worth $379,000 after purchasing an additional 269 shares during the last quarter. Private Advisor Group LLC raised its stake in Portland General Electric by 1.6% during the 1st quarter. Private Advisor Group LLC now owns 17,986 shares of the utilities provider's stock valued at $802,000 after acquiring an additional 279 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in Portland General Electric by 4.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 7,282 shares of the utilities provider's stock valued at $318,000 after acquiring an additional 291 shares in the last quarter.

Portland General Electric Price Performance

Shares of POR traded up $0.8510 during midday trading on Friday, reaching $43.0510. The stock had a trading volume of 1,294,843 shares, compared to its average volume of 1,151,827. Portland General Electric Company has a 52 week low of $39.54 and a 52 week high of $49.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. The firm's 50 day moving average price is $41.22 and its 200-day moving average price is $42.25. The company has a market capitalization of $4.72 billion, a P/E ratio of 15.89, a P/E/G ratio of 3.94 and a beta of 0.55.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The company had revenue of $807.00 million for the quarter, compared to the consensus estimate of $797.97 million. During the same quarter in the previous year, the business earned $0.69 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, analysts forecast that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, September 25th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, September 25th. Portland General Electric's payout ratio is currently 77.49%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore ISI cut 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. UBS Group raised Portland General Electric from a "neutral" rating to a "buy" rating and lifted their target price for the company from $47.00 to $50.00 in a research note on Monday, May 5th. Wells Fargo & Company cut their target price on 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. JPMorgan Chase & Co. cut their target price 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. Finally, Zacks Research raised Portland General Electric from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $45.40.

Insiders Place Their Bets

In related news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of Portland General Electric stock in a transaction on Friday, August 1st. The stock was sold at an average price of $41.35, for a total value of $107,634.05. Following the transaction, the chief financial officer directly owned 27,089 shares in the company, valued at $1,120,130.15. The trade was a 8.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction on Monday, July 21st. The stock was sold at an average price of $40.10, for a total value of $77,673.70. Following the completion of the transaction, the director owned 13,509 shares in the company, valued at $541,710.90. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Portland General Electric 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.