Trust Co. of Vermont Has $387,000 Stock Holdings in Portland General Electric (NYSE:POR)

Trust Co. of Vermont increased its stake in shares of Portland General Electric (NYSE:POR) by 17.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,071 shares of the utilities provider’s stock after buying an additional 1,202 shares during the period. Trust Co. of Vermont’s holdings in Portland General Electric were worth $387,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its stake in shares of Portland General Electric by 767.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 581 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 514 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Portland General Electric in the 1st quarter valued at $26,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Portland General Electric during the second quarter worth $33,000. Mather Group LLC. acquired a new position in shares of Portland General Electric during the first quarter valued at $34,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Portland General Electric by 140.6% in the first quarter. Hexagon Capital Partners LLC now owns 919 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 537 shares during the last quarter.

Portland General Electric Stock Performance

Shares of Portland General Electric stock opened at $48.40 on Friday. The stock’s fifty day simple moving average is $47.57 and its 200 day simple moving average is $45.17. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $4.99 billion, a PE ratio of 16.63, a PEG ratio of 1.34 and a beta of 0.59. Portland General Electric has a 12 month low of $39.13 and a 12 month high of $49.45.

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

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.13%. Portland General Electric’s dividend payout ratio (DPR) is presently 68.73%.

Wall Street Analyst Weigh In

POR has been the topic of a number of research reports. Bank of America began coverage on shares of Portland General Electric in a research report on Thursday, September 12th. They set an “underperform” rating and a $47.00 target price on the stock. KeyCorp upgraded shares of Portland General Electric from a “sector weight” rating to an “overweight” rating in a report on Monday, July 22nd. Barclays lowered shares of Portland General Electric from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $48.00 to $49.00 in a report on Wednesday, September 18th. Jefferies Financial Group began coverage on Portland General Electric in a research note on Friday, September 20th. They issued a “hold” rating and a $48.00 price target on the stock. Finally, Evercore ISI assumed coverage on Portland General Electric in a research note on Wednesday, September 25th. They set an “outperform” rating and a $54.00 price objective 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.00.

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 value of $50,875.00. Following the completion of the transaction, the vice president now directly owns 22,606 shares of the company’s stock, valued at approximately $1,045,527.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other 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 value of $50,875.00. Following the sale, the vice president now directly owns 22,606 shares in the company, valued at $1,045,527.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Benjamin Felton sold 1,886 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,486 shares of company stock valued at $262,153 over the last quarter. Corporate insiders own 0.54% of the company’s stock.

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.