Blair William & Co. IL Has $237,000 Stock Holdings in Portland General Electric (NYSE:POR)

Blair William & Co. IL cut its holdings in Portland General Electric (NYSE:POR) by 29.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,484 shares of the utilities provider’s stock after selling 2,271 shares during the quarter. Blair William & Co. IL’s holdings in Portland General Electric were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its stake in Portland General Electric by 1.3% in the first quarter. New York State Teachers Retirement System now owns 24,061 shares of the utilities provider’s stock valued at $1,011,000 after acquiring an additional 300 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Portland General Electric by 0.3% in the first quarter. Retirement Systems of Alabama now owns 126,987 shares of the utilities provider’s stock valued at $5,333,000 after purchasing an additional 335 shares during the period. Blue Trust Inc. raised its position in shares of Portland General Electric by 94.5% in the second quarter. Blue Trust Inc. now owns 928 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 451 shares during the period. State of Michigan Retirement System raised its position in shares of Portland General Electric by 2.1% in the first quarter. State of Michigan Retirement System now owns 24,800 shares of the utilities provider’s stock valued at $1,042,000 after purchasing an additional 500 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Portland General Electric by 767.2% in 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 period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays lowered shares of Portland General Electric from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $48.00 to $49.00 in a research report on Wednesday, September 18th. KeyCorp raised shares of Portland General Electric from a “sector weight” rating to an “overweight” rating in a research report on Monday, July 22nd. Bank of America assumed coverage on shares of Portland General Electric in a research report on Thursday, September 12th. They issued an “underperform” rating and a $47.00 price target on the stock. Finally, Jefferies Financial Group assumed 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 on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.78.

Portland General Electric Trading Up 1.1 %

Shares of Portland General Electric stock opened at $48.09 on Friday. The firm has a market capitalization of $4.95 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.00 and a quick ratio of 0.86. The company’s fifty day moving average price is $47.49 and its two-hundred day moving average price is $44.51. Portland General Electric has a 52-week low of $38.01 and a 52-week high of $49.45.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Friday, July 26th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The firm had revenue of $758.00 million for the quarter, compared to analyst estimates of $716.43 million. Portland General Electric had a net margin of 9.24% and a return on equity of 9.15%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, analysts expect that Portland General Electric will post 3.08 EPS for the current year.

Portland General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Tuesday, September 24th. Portland General Electric’s dividend payout ratio (DPR) is presently 76.63%.

Insider Activity

In other news, COO Benjamin Felton sold 1,886 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 30,142 shares in the company, valued at approximately $1,446,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Benjamin Felton sold 1,886 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 30,142 shares in the company, valued at approximately $1,446,816. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Teeruk Kochavatr sold 1,100 shares of the business’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 owns 22,606 shares in the company, valued at approximately $1,045,527.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,486 shares of company stock worth $262,153. Corporate insiders own 0.54% of the company’s stock.

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.