Assenagon Asset Management S.A. Buys New Position in Portland General Electric Company $POR

Assenagon Asset Management S.A. bought a new stake in Portland General Electric Company (NYSE:POR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 76,308 shares of the utilities provider’s stock, valued at approximately $3,662,000. Assenagon Asset Management S.A. owned approximately 0.07% of Portland General Electric at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of POR. Channing Capital Management LLC boosted its position in Portland General Electric by 39.1% during the third quarter. Channing Capital Management LLC now owns 1,509,269 shares of the utilities provider’s stock worth $66,408,000 after acquiring an additional 424,622 shares during the last quarter. SG Americas Securities LLC raised its holdings in Portland General Electric by 143.8% in the 3rd quarter. SG Americas Securities LLC now owns 88,381 shares of the utilities provider’s stock valued at $3,889,000 after acquiring an additional 52,127 shares during the last quarter. ATLAS Infrastructure Partners UK Ltd. lifted its stake in shares of Portland General Electric by 24.1% during the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,459,258 shares of the utilities provider’s stock worth $221,810,000 after purchasing an additional 1,058,623 shares during the period. Bayforest Capital Ltd lifted its stake in shares of Portland General Electric by 115.4% during the 3rd quarter. Bayforest Capital Ltd now owns 22,072 shares of the utilities provider’s stock worth $971,000 after purchasing an additional 11,825 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of Portland General Electric by 25.4% during the third quarter. Nordea Investment Management AB now owns 1,605,974 shares of the utilities provider’s stock worth $70,518,000 after purchasing an additional 325,787 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on POR shares. LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $43.00 price objective on shares of Portland General Electric in a research report on Thursday, December 4th. Weiss Ratings lowered Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lifted their price target on Portland General Electric from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, December 12th. BTIG Research reaffirmed a “buy” rating and set a $58.00 price objective on shares of Portland General Electric in a research note on Friday, January 30th. Finally, Barclays increased their price objective on shares of Portland General Electric from $47.00 to $53.00 and gave the stock 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Portland General Electric currently has an average rating of “Hold” and an average target price of $50.17.

Insider Activity

In other news, EVP Benjamin Felton sold 4,969 shares of Portland General Electric stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $53.56, for a total transaction of $266,139.64. Following the sale, the executive vice president owned 41,081 shares in the company, valued at $2,200,298.36. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by corporate insiders.

Portland General Electric Trading Down 0.1%

Shares of POR opened at $51.67 on Monday. The stock’s 50-day moving average is $51.89 and its two-hundred day moving average is $48.60. The stock has a market cap of $5.98 billion, a PE ratio of 18.65, a P/E/G ratio of 2.93 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 debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 0.95.

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

Portland General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 23rd will be given a $0.525 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.10 annualized dividend and a yield of 4.1%. Portland General Electric’s dividend payout ratio (DPR) is 75.81%.

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.