Trust Co. of Vermont Increases Position in Portland General Electric Company $POR

Key Points

• Trust Co. of Vermont increased its holdings in Portland General Electric Company by 91.9% in Q2, now owning 17,257 shares valued at approximately $701,000.
• Analyst ratings for POR indicate a consensus of "Hold" with an average price target of $45.40, following Barclays' reduction of its price target to $43.00.
• Portland General Electric will pay a quarterly dividend of $0.525 per share on October 15th, representing an annualized yield of 4.8%.

Trust Co. of Vermont boosted its holdings in shares of Portland General Electric Company (NYSE:POR - Free Report) by 91.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,257 shares of the utilities provider's stock after acquiring an additional 8,263 shares during the period. Trust Co. of Vermont's holdings in Portland General Electric were worth $701,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Portland General Electric by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider's stock valued at $556,266,000 after acquiring an additional 559,201 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Portland General Electric by 22.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,864,352 shares of the utilities provider's stock valued at $216,950,000 after buying an additional 904,692 shares during the period. ATLAS Infrastructure Partners UK Ltd. grew its stake in shares of Portland General Electric by 164.5% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,400,635 shares of the utilities provider's stock valued at $196,268,000 after buying an additional 2,736,811 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Portland General Electric by 14.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,878,528 shares of the utilities provider's stock valued at $128,382,000 after buying an additional 366,640 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Portland General Electric by 3.7% in the 1st quarter. Invesco Ltd. now owns 2,282,513 shares of the utilities provider's stock valued at $101,800,000 after buying an additional 82,427 shares during the period.

Analyst Upgrades and Downgrades

POR has been the subject of several analyst reports. Barclays dropped their price target on shares of Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 22nd. Zacks Research raised shares of Portland General Electric from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Two investment 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.com, Portland General Electric has a consensus rating of "Hold" and an average price target of $45.40.

Insiders Place Their Bets

In other Portland General Electric news, CEO Maria M. Pope sold 18,896 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total transaction of $803,080.00. Following the sale, the chief executive officer directly owned 194,135 shares in the company, valued at $8,250,737.50. This represents a 8.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $41.35, for a total transaction of $107,634.05. Following the sale, the chief financial officer owned 27,089 shares in the company, valued at approximately $1,120,130.15. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,436 shares of company stock worth $988,388 in the last ninety days. 0.40% of the stock is owned by corporate insiders.

Portland General Electric Stock Performance

Shares of POR stock opened at $43.40 on Thursday. The firm's 50 day moving average price is $42.40 and its 200-day moving average price is $42.12. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.84 and a current ratio of 0.97. Portland General Electric Company has a one year low of $39.54 and a one year high of $49.85. The firm has a market cap of $4.75 billion, a P/E ratio of 16.01, a P/E/G ratio of 4.02 and a beta of 0.62.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The firm had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. During the same period in the prior year, the business posted $0.69 EPS. The business's revenue for the quarter 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. As a group, equities research analysts predict that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, September 25th will be issued a dividend of $0.525 per share. The ex-dividend date is Thursday, September 25th. This represents a $2.10 dividend on an annualized basis and a yield of 4.8%. Portland General Electric's dividend payout ratio is 77.49%.

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.

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