Bayforest Capital Ltd Decreases Position in Portland General Electric Company $POR

Bayforest Capital Ltd cut its stake in Portland General Electric Company (NYSE:POR) by 58.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,196 shares of the utilities provider’s stock after selling 12,876 shares during the quarter. Bayforest Capital Ltd’s holdings in Portland General Electric were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of POR. Royal Bank of Canada lifted its stake in Portland General Electric by 7.4% in the 1st quarter. Royal Bank of Canada now owns 161,931 shares of the utilities provider’s stock valued at $7,222,000 after buying an additional 11,141 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Portland General Electric by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,949 shares of the utilities provider’s stock valued at $2,763,000 after buying an additional 2,717 shares in the last quarter. Millennium Management LLC lifted its stake in Portland General Electric by 465.5% in the 1st quarter. Millennium Management LLC now owns 151,134 shares of the utilities provider’s stock valued at $6,741,000 after buying an additional 124,410 shares in the last quarter. United Services Automobile Association purchased a new position in Portland General Electric in the 1st quarter valued at about $271,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Portland General Electric by 6.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,640 shares of the utilities provider’s stock valued at $10,420,000 after buying an additional 13,799 shares in the last quarter.

Wall Street Analyst Weigh In

POR has been the topic of a number of research reports. Loop Capital set a $48.00 price target on shares of Portland General Electric in a research note on Tuesday, December 30th. Barclays raised their price target on shares of Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. Wells Fargo & Company raised their target price on shares of Portland General Electric from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 20th. BTIG Research reissued a “buy” rating and issued a $58.00 target price on shares of Portland General Electric in a research note on Friday, January 30th. Finally, UBS Group raised their target price on shares of Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Two 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.com, Portland General Electric presently has an average rating of “Hold” and an average target price of $50.17.

Portland General Electric Trading Down 0.5%

POR opened at $52.39 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 0.95. The company’s 50 day simple moving average is $52.77 and its two-hundred day simple moving average is $49.64. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $54.62. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 2.98 and a beta of 0.62.

Portland General Electric (NYSE:POR) last released its earnings results on Tuesday, February 17th. The utilities provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $889.00 million during the quarter, compared to analysts’ expectations of $892.31 million. During the same period last year, the business earned $0.36 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Analysts expect that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

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

Insider Activity at Portland General Electric

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 of the company’s stock, valued at approximately $2,200,298.36. The trade was a 10.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% 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.