Captrust Financial Advisors Has $379,000 Stock Holdings in Portland General Electric (NYSE:POR)

Captrust Financial Advisors lifted its stake in shares of Portland General Electric (NYSE:POR) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,693 shares of the utilities provider’s stock after purchasing an additional 269 shares during the period. Captrust Financial Advisors’ holdings in Portland General Electric were worth $379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of POR. Park Avenue Securities LLC raised its position in Portland General Electric by 24.0% during the fourth quarter. Park Avenue Securities LLC now owns 20,862 shares of the utilities provider’s stock valued at $910,000 after buying an additional 4,044 shares during the period. Trust Co. of Vermont raised its position in Portland General Electric by 5.8% during the fourth quarter. Trust Co. of Vermont now owns 8,536 shares of the utilities provider’s stock valued at $372,000 after buying an additional 465 shares during the period. Ballentine Partners LLC acquired a new position in Portland General Electric during the fourth quarter valued at $360,000. Nisa Investment Advisors LLC raised its position in Portland General Electric by 5.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 178,694 shares of the utilities provider’s stock valued at $7,884,000 after buying an additional 9,537 shares during the period. Finally, SG Americas Securities LLC raised its position in Portland General Electric by 795.0% during the fourth quarter. SG Americas Securities LLC now owns 48,981 shares of the utilities provider’s stock valued at $2,137,000 after buying an additional 43,508 shares during the period.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, EVP Benjamin Felton sold 1,845 shares of the company’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total value of $79,371.90. Following the completion of the transaction, the executive vice president now owns 32,646 shares of the company’s stock, valued at $1,404,430.92. This represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.40% of the company’s stock.

Portland General Electric Stock Performance

POR opened at $42.71 on Tuesday. The stock has a 50-day moving average of $42.90 and a 200-day moving average of $43.66. Portland General Electric has a 52-week low of $40.05 and a 52-week high of $49.85. The company has a market cap of $4.68 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92.

Portland General Electric (NYSE:POR) last announced its earnings results on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.02). Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The business had revenue of $928.00 million for the quarter, compared to the consensus estimate of $977.02 million. During the same quarter in the previous year, the company earned $1.21 EPS. Portland General Electric’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities research analysts forecast that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 24th will be paid a dividend of $0.525 per share. This is an increase from Portland General Electric’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, June 24th. This represents a $2.10 annualized dividend and a yield of 4.92%. Portland General Electric’s dividend payout ratio is presently 73.94%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on POR. LADENBURG THALM/SH SH lowered Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Tuesday, February 18th. UBS Group upgraded Portland General Electric from a “neutral” rating to a “buy” rating and boosted their target price for the company from $47.00 to $50.00 in a research note on Monday, May 5th. BMO Capital Markets initiated coverage on Portland General Electric in a research note on Tuesday, May 13th. They issued a “market perform” rating and a $46.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Portland General Electric from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group lowered their target price on Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.60.

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.