Brown Advisory Inc. Decreases Stock Holdings in Portland General Electric Company $POR

Brown Advisory Inc. lessened its stake in Portland General Electric Company (NYSE:POR) by 8.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 996,183 shares of the utilities provider’s stock after selling 89,516 shares during the period. Brown Advisory Inc. owned 0.91% of Portland General Electric worth $40,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of Portland General Electric by 27.9% in the 1st quarter. LPL Financial LLC now owns 62,299 shares of the utilities provider’s stock worth $2,779,000 after buying an additional 13,599 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Portland General Electric in the first quarter valued at approximately $210,000. PNC Financial Services Group Inc. grew its holdings in Portland General Electric by 6.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,026 shares of the utilities provider’s stock worth $403,000 after purchasing an additional 543 shares during the last quarter. Vanguard Group Inc. grew its holdings in Portland General Electric by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider’s stock worth $556,266,000 after purchasing an additional 559,201 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Portland General Electric by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,373,907 shares of the utilities provider’s stock worth $61,276,000 after purchasing an additional 60,625 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Jefferies Financial Group raised their price objective on Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. BTIG Research upgraded Portland General Electric to a “strong-buy” rating in a research note on Wednesday, October 22nd. UBS Group restated a “neutral” rating and set a $51.00 price objective on shares of Portland General Electric in a report on Wednesday, November 19th. Wells Fargo & Company began coverage on shares of Portland General Electric in a research note on Monday, October 27th. They issued an “equal weight” rating and a $45.00 target price for the company. Finally, LADENBURG THALM/SH SH restated a “sell” rating and set a $43.00 price target on shares of Portland General Electric in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $47.00.

Insider Buying and Selling

In other Portland General Electric 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 transaction of $803,080.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Portland General Electric Trading Down 0.3%

Shares of NYSE:POR opened at $48.59 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.25. Portland General Electric Company has a 52-week low of $39.54 and a 52-week high of $51.14. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 4.44 and a beta of 0.67. The business has a 50-day moving average price of $46.86 and a 200-day moving average price of $43.50.

Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. Portland General Electric had a net margin of 8.63% and a return on equity of 8.32%. The company had revenue of $952.00 million for the quarter, compared to the consensus estimate of $975.64 million. During the same quarter in the prior year, the company earned $0.90 EPS. Portland General Electric’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts predict that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The firm also recently announced 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 is Monday, December 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 4.3%. Portland General Electric’s payout ratio is currently 76.36%.

Portland General Electric Company 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.