Brookstone Capital Management lowered its holdings in shares of Portland General Electric Company (NYSE:POR – Free Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248,096 shares of the utilities provider’s stock after selling 19,788 shares during the quarter. Brookstone Capital Management owned 0.22% of Portland General Electric worth $11,906,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of Portland General Electric during the 3rd quarter valued at about $27,000. Johnson Financial Group Inc. purchased a new stake in Portland General Electric during the third quarter valued at approximately $27,000. Clearstead Advisors LLC raised its position in Portland General Electric by 206.8% during the third quarter. Clearstead Advisors LLC now owns 856 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 577 shares during the period. IFP Advisors Inc lifted its stake in shares of Portland General Electric by 61.7% in the 3rd quarter. IFP Advisors Inc now owns 1,080 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 412 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Portland General Electric in the 2nd quarter valued at approximately $51,000.
Insider Buying and Selling at Portland General Electric
In other news, EVP Benjamin Felton sold 4,969 shares of the business’s stock in a transaction 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 sale, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.52% of the company’s stock.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on POR
Portland General Electric Stock Up 0.2%
Shares of NYSE:POR opened at $52.70 on Wednesday. The firm has a market capitalization of $6.10 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.99 and a beta of 0.66. The business has a 50 day simple moving average of $52.01 and a two-hundred day simple moving average of $48.74. Portland General Electric Company has a 1 year low of $39.54 and a 1 year 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 – Get Free Report) last issued its quarterly earnings results 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 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 quarter in the previous year, the company posted $0.36 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. On average, equities analysts predict that Portland General Electric Company will post 3.21 EPS for the current year.
Portland General Electric Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 23rd will be paid 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 4.0%. Portland General Electric’s dividend payout ratio (DPR) is presently 75.81%.
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.
Featured Stories
Want to see what other hedge funds are holding POR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Portland General Electric Company (NYSE:POR – Free Report).
Receive News & Ratings for Portland General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric and related companies with MarketBeat.com's FREE daily email newsletter.
