JPMorgan Chase & Co. Sells 66,568 Shares of Portland General Electric Company $POR

JPMorgan Chase & Co. lowered its position in Portland General Electric Company (NYSE:POR) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,287,665 shares of the utilities provider’s stock after selling 66,568 shares during the quarter. JPMorgan Chase & Co. owned 2.09% of Portland General Electric worth $100,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new position in Portland General Electric in the 3rd quarter valued at approximately $27,000. Bell Investment Advisors Inc grew its stake in shares of Portland General Electric by 80.6% in the second quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 370 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Portland General Electric in the second quarter valued at $51,000. Smartleaf Asset Management LLC raised its position in Portland General Electric by 35.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 323 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Portland General Electric by 136.9% during the 2nd quarter. Allworth Financial LP now owns 1,343 shares of the utilities provider’s stock worth $55,000 after buying an additional 776 shares during the period.

Portland General Electric Stock Performance

Shares of POR stock opened at $52.38 on Monday. The firm has a 50 day moving average of $49.72 and a 200-day moving average of $46.79. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 4.64 and a beta of 0.67. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. Portland General Electric Company has a 52 week low of $39.54 and a 52 week high of $54.39.

Portland General Electric (NYSE:POR) last issued its earnings results on Tuesday, February 17th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.12). Portland General Electric had a return on equity of 8.52% and a net margin of 8.56%.The company had revenue of $889.00 million for the quarter, compared to the consensus estimate of $892.31 million. During the same period in the prior year, the company earned $0.36 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. On average, equities analysts forecast that Portland General Electric Company will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 23rd will be issued a $0.525 dividend. The ex-dividend date is Monday, March 23rd. This represents a $2.10 annualized dividend and a yield of 4.0%. Portland General Electric’s dividend payout ratio is presently 75.81%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on POR. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 price target on shares of Portland General Electric in a research note on Thursday. Barclays increased their target price on shares of Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 17th. UBS Group boosted their price target on shares of Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company upped their price objective on shares of Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings downgraded shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.17.

Portland General Electric Profile

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.