Wedge Capital Management L L P NC Sells 64,824 Shares of Portland General Electric Company $POR

Key Points

• Wedge Capital Management reduced its Portland General Electric stake by 14.7%, selling 64,824 shares and retaining 377,171 shares valued at approximately $19.5 million.
• Analyst sentiment remains cautious, with the stock carrying an average “Hold” rating and a consensus price target of $50.70, despite recent upgrades from Zacks Research and Weiss Ratings.
• Portland General Electric’s latest quarterly results slightly missed expectations, reporting $0.64 in EPS and $814 million in revenue. The company declared a quarterly dividend of $0.5513, equivalent to a 4.6% annualized yield.

Wedge Capital Management L L P NC decreased its stake in shares of Portland General Electric Company (NYSE:POR - Free Report) by 14.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 377,171 shares of the utilities provider's stock after selling 64,824 shares during the period. Wedge Capital Management L L P NC owned about 0.33% of Portland General Electric worth $19,549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in Portland General Electric during the 4th quarter valued at $25,000. Private Trust Co. NA lifted its holdings in shares of Portland General Electric by 76.4% during the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider's stock valued at $26,000 after buying an additional 239 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Portland General Electric in the 3rd quarter worth $27,000. Rothschild Investment LLC boosted its stake in shares of 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 last quarter. Finally, SHP Wealth Management bought a new stake in shares of Portland General Electric in the fourth quarter worth $34,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on POR. Zacks Research upgraded Portland General Electric from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. BMO Capital Markets set a $52.00 price target on Portland General Electric in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Portland General Electric from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. Wells Fargo & Company set a $51.00 price objective on shares of Portland General Electric in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Portland General Electric from $51.00 to $54.00 and gave the company a "neutral" rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $50.70.

Insider Transactions at Portland General Electric

In other Portland General Electric news, Director Michael A. Lewis sold 1,537 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 15,045 shares in the company, valued at approximately $779,782.35. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.52% of the company's stock.

Portland General Electric Price Performance

Shares of Portland General Electric stock opened at $48.35 on Wednesday. The stock has a market cap of $5.69 billion, a P/E ratio of 21.30, a P/E/G ratio of 2.07 and a beta of 0.52. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.98. The stock's fifty day moving average is $51.07 and its 200 day moving average is $51.32. Portland General Electric Company has a one year low of $41.80 and a one year high of $54.62.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The company had revenue of $814.00 million during the quarter, compared to analysts' expectations of $839.75 million. During the same quarter in the previous year, the company earned $0.66 EPS. The business's quarterly revenue was up .9% compared to the same quarter last year. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Sell-side analysts anticipate that Portland General Electric Company will post 3.4 earnings per share for the current year.

Portland General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be issued a $0.5513 dividend. This represents a $2.21 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Friday, September 25th. Portland General Electric's dividend payout ratio is currently 96.92%.

About Portland General Electric

Portland General Electric NYSE: POR is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon's largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.

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