Portland General Electric Company $POR Stock Position Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in Portland General Electric Company (NYSE:POR) by 3.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,123 shares of the utilities provider’s stock after buying an additional 1,464 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Portland General Electric were worth $1,833,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of POR. KBC Group NV grew its holdings in shares of 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 acquiring an additional 1,068 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Portland General Electric by 17.5% in the 1st 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 last quarter. Private Trust Co. NA grew its holdings in shares of Portland General Electric by 62.6% in the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 244 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Portland General Electric by 3.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 22,203 shares of the utilities provider’s stock worth $990,000 after acquiring an additional 700 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of Portland General Electric by 9.6% in the 1st quarter. OneDigital Investment Advisors LLC now owns 7,981 shares of the utilities provider’s stock worth $356,000 after acquiring an additional 699 shares during the last quarter.

Insider Transactions at Portland General Electric

In related news, CEO Maria M. Pope sold 18,896 shares of Portland General Electric stock in a transaction 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 completion of the sale, the chief executive officer owned 194,135 shares of the company’s stock, valued at approximately $8,250,737.50. This trade represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on POR shares. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Weiss Ratings restated a “hold (c)” rating on shares of Portland General Electric in a report on Wednesday, October 8th. BTIG Research upgraded Portland General Electric to a “strong-buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group lifted their target price on Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company began coverage on Portland General Electric in a report on Monday, October 27th. They issued an “equal weight” rating and a $45.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.82.

Portland General Electric Price Performance

POR opened at $45.74 on Friday. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 4.18 and a beta of 0.62. Portland General Electric Company has a 1 year low of $39.54 and a 1 year high of $48.40. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. The stock has a fifty day moving average price of $43.54 and a 200 day moving average price of $42.30.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The firm had revenue of $952.00 million during the quarter, compared to analysts’ expectations of $975.64 million. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Analysts forecast that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 4.6%. Portland General Electric’s dividend payout ratio (DPR) is presently 77.49%.

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.