Sequoia Financial Advisors LLC Makes New $376,000 Investment in Portland General Electric Company $POR

Sequoia Financial Advisors LLC acquired a new position in Portland General Electric Company (NYSE:POR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,245 shares of the utilities provider’s stock, valued at approximately $376,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Portland General Electric in the first quarter worth $27,000. IFP Advisors Inc lifted its stake 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. Private Trust Co. NA lifted its stake in Portland General Electric by 62.6% in the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock valued at $28,000 after buying an additional 244 shares during the last quarter. S.A. Mason LLC bought a new stake in Portland General Electric in the second quarter valued at $29,000. Finally, Tompkins Financial Corp lifted its stake in Portland General Electric by 83.3% in the second quarter. Tompkins Financial Corp now owns 1,100 shares of the utilities provider’s stock valued at $45,000 after buying an additional 500 shares during the last quarter.

Portland General Electric Price Performance

Shares of NYSE POR opened at $44.96 on Wednesday. Portland General Electric Company has a fifty-two week low of $39.54 and a fifty-two week high of $49.85. The firm’s 50-day simple moving average is $43.01 and its 200 day simple moving average is $42.09. 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 cap of $4.93 billion, a P/E ratio of 16.59, a P/E/G ratio of 4.12 and a beta of 0.62.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The business had revenue of $807.00 million for the quarter, compared to analysts’ expectations of $797.97 million. During the same period in the previous year, the business earned $0.69 earnings per share. The company’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. Equities analysts expect that Portland General Electric Company will post 3.21 EPS for the current year.

Insider Activity

In other Portland General Electric news, CEO Maria M. Pope sold 18,896 shares of the business’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 sale, the chief executive officer directly owned 194,135 shares in the company, valued at approximately $8,250,737.50. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $41.35, for a total transaction of $107,634.05. Following the completion of the sale, the chief financial officer owned 27,089 shares in the company, valued at approximately $1,120,130.15. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Portland General Electric in a research note on Wednesday, October 8th. Barclays raised their target price on Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday. BTIG Research assumed coverage on Portland General Electric in a research note 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 note on Monday, August 18th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.36.

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.