Signaturefd LLC Lowers Stake in Portland General Electric Company $POR

Signaturefd LLC reduced its position in Portland General Electric Company (NYSE:POR) by 25.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,070 shares of the utilities provider’s stock after selling 1,064 shares during the quarter. Signaturefd LLC’s holdings in Portland General Electric were worth $125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV boosted its holdings in Portland General Electric by 29.3% in the 1st quarter. KBC Group NV now owns 4,717 shares of the utilities provider’s stock worth $210,000 after buying an additional 1,068 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Portland General Electric by 17.5% in the first quarter. New York State Teachers Retirement System now owns 39,793 shares of the utilities provider’s stock worth $1,775,000 after acquiring an additional 5,927 shares during the period. M&T Bank Corp grew its position in shares of Portland General Electric by 21.9% during the first quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider’s stock worth $878,000 after purchasing an additional 3,538 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Portland General Electric by 6.5% during the 1st quarter. State of Alaska Department of Revenue now owns 12,806 shares of the utilities provider’s stock valued at $571,000 after purchasing an additional 780 shares during the period. Finally, Vanguard Group Inc. raised its stake in Portland General Electric by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider’s stock valued at $556,266,000 after purchasing an additional 559,201 shares during the period.

Portland General Electric Stock Performance

Shares of NYSE:POR opened at $43.16 on Friday. The firm has a fifty day simple moving average of $42.50 and a two-hundred day simple moving average of $42.08. Portland General Electric Company has a 52 week low of $39.54 and a 52 week high of $49.85. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $4.73 billion, a P/E ratio of 15.92, a PEG ratio of 3.95 and a beta of 0.62.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The company had revenue of $807.00 million during the quarter, compared to analyst estimates of $797.97 million. During the same quarter last year, the business posted $0.69 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, analysts expect that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, September 25th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, September 25th. Portland General Electric’s dividend payout ratio is presently 77.49%.

Analyst Ratings Changes

A number of brokerages have issued reports on POR. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Portland General Electric in a research note on Saturday, September 27th. Finally, Barclays decreased their price target on shares of Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $45.40.

Insider Buying and Selling

In other news, CEO Maria M. Pope sold 18,896 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total value of $803,080.00. Following the completion of the sale, the chief executive officer owned 194,135 shares in the company, valued at approximately $8,250,737.50. This trade represents a 8.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $40.10, for a total transaction of $77,673.70. Following the transaction, the director directly owned 13,509 shares of the company’s stock, valued at approximately $541,710.90. This represents a 12.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,436 shares of company stock worth $988,388 over the last three months. 0.40% of the stock is owned by insiders.

About Portland General Electric

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.