Portland General Electric Company $POR Shares Purchased by Cwm LLC

Cwm LLC grew its stake in shares of Portland General Electric Company (NYSE:POR) by 10.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,852 shares of the utilities provider’s stock after acquiring an additional 2,490 shares during the quarter. Cwm LLC’s holdings in Portland General Electric were worth $1,050,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Johnson Investment Counsel Inc. increased its holdings in shares of Portland General Electric by 0.8% during the second quarter. Johnson Investment Counsel Inc. now owns 38,261 shares of the utilities provider’s stock valued at $1,555,000 after acquiring an additional 301 shares in the last quarter. Eastern Bank purchased a new stake in Portland General Electric in the second quarter valued at approximately $65,000. Blue Trust Inc. boosted its position in Portland General Electric by 12.0% in the second quarter. Blue Trust Inc. now owns 3,281 shares of the utilities provider’s stock valued at $133,000 after buying an additional 352 shares during the last quarter. Castellan Group boosted its position in Portland General Electric by 7.5% in the second quarter. Castellan Group now owns 78,420 shares of the utilities provider’s stock valued at $3,186,000 after buying an additional 5,487 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Portland General Electric by 1,291.7% in the second quarter. IFP Advisors Inc now owns 668 shares of the utilities provider’s stock valued at $27,000 after buying an additional 620 shares during the last quarter.

Insider Buying and Selling

In other news, CEO Maria M. Pope sold 18,896 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total transaction of $803,080.00. Following the transaction, the chief executive officer owned 194,135 shares in the company, valued at $8,250,737.50. This trade represents a 8.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $41.35, for a total value of $107,634.05. Following the transaction, the chief financial officer owned 27,089 shares in the company, valued at $1,120,130.15. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

POR has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Portland General Electric in a research report on Wednesday, October 8th. Barclays upped their target price on Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday. BTIG Research started coverage on Portland General Electric in a research report on Tuesday. They issued a “buy” rating and a $52.00 target price on the stock. Finally, Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.36.

Portland General Electric Trading Down 0.2%

Portland General Electric stock opened at $44.96 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $49.85. The stock’s 50 day simple moving average is $43.01 and its two-hundred day simple moving average is $42.09. The firm has a market cap of $4.93 billion, a PE ratio of 16.59, a P/E/G ratio of 4.12 and a beta of 0.62.

Portland General Electric (NYSE:POR) last released its quarterly earnings data 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 business had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. During the same quarter in the prior year, the firm posted $0.69 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Analysts anticipate that Portland General Electric Company will post 3.21 earnings per share for the current year.

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.