Portland General Electric Company $POR Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its holdings in Portland General Electric Company (NYSE:POR) by 23.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,401 shares of the utilities provider’s stock after selling 17,491 shares during the quarter. Citigroup Inc. owned 0.05% of Portland General Electric worth $2,526,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Root Financial Partners LLC bought a new stake in shares of Portland General Electric during the third quarter valued at about $27,000. Bell Investment Advisors Inc grew its position in Portland General Electric by 80.6% in the 2nd quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock valued at $34,000 after buying an additional 370 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Portland General Electric in the 2nd quarter valued at about $51,000. Smartleaf Asset Management LLC increased its stake 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 valued at $54,000 after buying an additional 323 shares during the period. Finally, Allworth Financial LP increased its stake 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 valued at $55,000 after buying an additional 776 shares during the period.

Portland General Electric Stock Down 0.1%

POR stock opened at $53.37 on Friday. The company has a 50 day moving average of $50.83 and a two-hundred day moving average of $47.51. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 3.03 and a beta of 0.66. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $54.39. 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 (NYSE:POR) last issued its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.12). Portland General Electric had a net margin of 8.56% and a return on equity of 8.52%. The business had revenue of $889.00 million for the quarter, compared to the consensus estimate of $892.31 million. During the same period in the previous year, the business posted $0.36 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. On average, equities analysts anticipate that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.9%. Portland General Electric’s dividend payout ratio is currently 75.81%.

Wall Street Analysts Forecast Growth

POR has been the topic of several recent research reports. Weiss Ratings cut shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Loop Capital set a $48.00 target price on shares of Portland General Electric in a research note on Tuesday, December 30th. JPMorgan Chase & Co. raised their target price on shares of Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Wells Fargo & Company lifted their price target on shares of Portland General Electric from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 20th. Finally, Barclays upped their price target on Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.17.

Insider Buying and Selling at Portland General Electric

In related news, EVP Benjamin Felton sold 4,969 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $53.56, for a total value of $266,139.64. Following the transaction, the executive vice president directly owned 41,081 shares of the company’s stock, valued at approximately $2,200,298.36. This trade represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Portland General Electric Company 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.