Y Intercept Hong Kong Ltd Boosts Stock Position in Portland General Electric Company $POR

Y Intercept Hong Kong Ltd increased its stake in shares of Portland General Electric Company (NYSE:POR) by 234.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,370 shares of the utilities provider’s stock after purchasing an additional 26,185 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Portland General Electric were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Portland General Electric during the 1st quarter worth about $27,000. Private Trust Co. NA increased its position in Portland General Electric by 62.6% during the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 244 shares in the last quarter. IFP Advisors Inc increased its position in Portland General Electric by 1,291.7% during the 2nd quarter. IFP Advisors Inc now owns 668 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 620 shares in the last quarter. S.A. Mason LLC purchased a new stake in Portland General Electric during the 2nd quarter worth about $29,000. Finally, Costello Asset Management INC purchased a new stake in Portland General Electric during the 1st quarter worth about $46,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on POR. Weiss Ratings reiterated a “hold (c)” rating on shares of Portland General Electric in a research report on Wednesday, October 8th. Wells Fargo & Company initiated coverage on Portland General Electric in a research report on Monday, October 27th. They set an “equal weight” rating and a $45.00 price objective for the company. Jefferies Financial Group lifted their price target on Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Barclays lifted their price target on Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Finally, Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $46.82.

Insider Buying and Selling at Portland General Electric

In other news, CEO Maria M. Pope sold 18,896 shares of Portland General Electric stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total value of $803,080.00. Following the transaction, the chief executive officer directly owned 194,135 shares of the company’s stock, valued at $8,250,737.50. The trade was a 8.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.40% of the stock is owned by corporate insiders.

Portland General Electric Stock Down 0.1%

POR opened at $45.74 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 4.18 and a beta of 0.62. The business has a 50-day moving average of $43.54 and a two-hundred day moving average of $42.29. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $48.40.

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

Portland General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, December 22nd. Portland General Electric’s payout ratio is currently 76.36%.

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.