Algert Global LLC Has $30.23 Million Stock Holdings in Portland General Electric Company $POR

Algert Global LLC boosted its position in Portland General Electric Company (NYSE:POR) by 25.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 687,117 shares of the utilities provider’s stock after acquiring an additional 139,145 shares during the quarter. Portland General Electric accounts for 0.5% of Algert Global LLC’s holdings, making the stock its 11th largest holding. Algert Global LLC owned 0.61% of Portland General Electric worth $30,233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in POR. OneDigital Investment Advisors LLC lifted its stake in Portland General Electric by 3.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,309 shares of the utilities provider’s stock valued at $366,000 after purchasing an additional 248 shares during the last quarter. Johnson Investment Counsel Inc. boosted its position in Portland General Electric by 0.8% in the third quarter. Johnson Investment Counsel Inc. now owns 38,563 shares of the utilities provider’s stock valued at $1,697,000 after buying an additional 302 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Portland General Electric by 35.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock worth $54,000 after buying an additional 323 shares during the last quarter. State of Wyoming grew its stake in shares of Portland General Electric by 2.3% during the third quarter. State of Wyoming now owns 15,210 shares of the utilities provider’s stock worth $669,000 after buying an additional 345 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Portland General Electric by 0.4% during the second quarter. California State Teachers Retirement System now owns 101,342 shares of the utilities provider’s stock worth $4,118,000 after buying an additional 361 shares in the last quarter.

Insider Activity

In other Portland General Electric news, EVP Benjamin Felton sold 4,969 shares of the firm’s 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 completion of the transaction, the executive vice president 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by insiders.

Portland General Electric Trading Up 1.5%

Shares of POR stock opened at $53.56 on Friday. The firm has a market cap of $6.19 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 3.04 and a beta of 0.66. The business has a 50-day moving average price of $51.28 and a two-hundred day moving average price of $47.90. 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 12-month low of $39.54 and a 12-month high of $54.39.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data 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). Portland General Electric had a net margin of 8.56% and a return on equity of 8.52%. The company had revenue of $889.00 million for the quarter, compared to the consensus estimate of $892.31 million. During the same period last year, the business posted $0.36 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Equities analysts anticipate that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

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 issued a $0.525 dividend. The ex-dividend date is Monday, March 23rd. This represents a $2.10 dividend on an annualized basis and a yield of 3.9%. Portland General Electric’s dividend payout ratio is 75.81%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on POR. Weiss Ratings lowered shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. UBS Group boosted their price objective on Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Wells Fargo & Company raised 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 report on Tuesday, January 20th. BTIG Research restated a “buy” rating and set a $58.00 price objective on shares of Portland General Electric in a report on Friday, January 30th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 price objective on shares of Portland General Electric in a report on Thursday, February 19th. Two 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’s stock. Based on data from MarketBeat, the stock 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.