First Pacific Financial Boosts Stock Holdings in Portland General Electric (NYSE:POR)

First Pacific Financial grew its position in shares of Portland General Electric (NYSE:POR) by 2.9% during the third quarter, Holdings Channel.com reports. The fund owned 12,331 shares of the utilities provider’s stock after purchasing an additional 347 shares during the quarter. First Pacific Financial’s holdings in Portland General Electric were worth $591,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of POR. Gabelli Funds LLC grew its holdings in shares of Portland General Electric by 3.8% in the first quarter. Gabelli Funds LLC now owns 297,049 shares of the utilities provider’s stock valued at $12,476,000 after acquiring an additional 11,000 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Portland General Electric in the fourth quarter valued at about $1,181,000. Jane Street Group LLC boosted its stake in Portland General Electric by 274.5% in the first quarter. Jane Street Group LLC now owns 197,687 shares of the utilities provider’s stock valued at $8,303,000 after acquiring an additional 144,900 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of Portland General Electric by 299.1% during the 1st quarter. Edgestream Partners L.P. now owns 102,993 shares of the utilities provider’s stock valued at $4,326,000 after acquiring an additional 77,185 shares during the period. Finally, Clearbridge Investments LLC increased its stake in shares of Portland General Electric by 13.1% during the 1st quarter. Clearbridge Investments LLC now owns 480,351 shares of the utilities provider’s stock worth $20,175,000 after purchasing an additional 55,555 shares during the last quarter.

Insider Transactions at Portland General Electric

In related news, VP John Teeruk Kochavatr sold 1,100 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $46.25, for a total transaction of $50,875.00. Following the completion of the sale, the vice president now directly owns 22,606 shares in the company, valued at $1,045,527.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, VP John Teeruk Kochavatr sold 1,100 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $46.25, for a total transaction of $50,875.00. Following the transaction, the vice president now owns 22,606 shares in the company, valued at $1,045,527.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Benjamin Felton sold 1,886 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $48.00, for a total value of $90,528.00. Following the transaction, the chief operating officer now directly owns 30,142 shares of the company’s stock, valued at $1,446,816. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,486 shares of company stock worth $262,153. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on POR shares. StockNews.com upgraded Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Evercore ISI began coverage on Portland General Electric in a research report on Wednesday, September 25th. They set an “outperform” rating and a $54.00 price target on the stock. Barclays downgraded Portland General Electric from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $48.00 to $49.00 in a research note on Wednesday, September 18th. KeyCorp upgraded Portland General Electric from a “sector weight” rating to an “overweight” rating in a research note on Monday, July 22nd. Finally, Jefferies Financial Group began coverage on shares of Portland General Electric in a research report on Friday, September 20th. They set a “hold” rating and a $48.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.00.

Portland General Electric Trading Up 1.5 %

Shares of POR stock traded up $0.71 on Tuesday, hitting $48.26. 1,341,609 shares of the company’s stock traded hands, compared to its average volume of 951,451. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.30 and a beta of 0.59. The company’s fifty day simple moving average is $47.41 and its 200 day simple moving average is $45.04. Portland General Electric has a one year low of $39.13 and a one year high of $49.45. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.00.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, July 26th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. The firm had revenue of $758.00 million for the quarter, compared to analysts’ expectations of $716.43 million. Portland General Electric had a return on equity of 9.15% and a net margin of 9.24%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. Equities analysts forecast that Portland General Electric will post 3.09 EPS for the current year.

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 24th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, September 24th. Portland General Electric’s dividend payout ratio (DPR) is presently 76.63%.

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.