Portland General Electric (NYSE:POR) is Moody Aldrich Partners LLC’s 5th Largest Position

Moody Aldrich Partners LLC increased its position in shares of Portland General Electric (NYSE:POR) by 34.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,157 shares of the utilities provider’s stock after buying an additional 45,363 shares during the period. Portland General Electric accounts for 1.5% of Moody Aldrich Partners LLC’s holdings, making the stock its 5th biggest position. Moody Aldrich Partners LLC owned about 0.17% of Portland General Electric worth $8,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Portland General Electric by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 11,146,037 shares of the utilities provider’s stock valued at $483,069,000 after purchasing an additional 212,981 shares during the period. Fox Hill Wealth Management grew its stake in Portland General Electric by 5.6% in the 1st quarter. Fox Hill Wealth Management now owns 26,991 shares of the utilities provider’s stock valued at $1,134,000 after acquiring an additional 1,429 shares during the period. Oliver Luxxe Assets LLC purchased a new stake in Portland General Electric in the 1st quarter worth $700,000. Hexagon Capital Partners LLC increased its holdings in Portland General Electric by 140.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 919 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 537 shares in the last quarter. Finally, State of Michigan Retirement System raised its position in Portland General Electric by 2.1% during the first quarter. State of Michigan Retirement System now owns 24,800 shares of the utilities provider’s stock worth $1,042,000 after acquiring an additional 500 shares during the period.

Insider Activity

In related news, SVP Maria Angelica Espinosa sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $48.30, for a total value of $120,750.00. Following the completion of the transaction, the senior vice president now directly owns 14,263 shares in the company, valued at approximately $688,902.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Portland General Electric news, SVP Maria Angelica Espinosa sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total value of $120,750.00. Following the transaction, the senior vice president now owns 14,263 shares of the company’s stock, valued at $688,902.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP John Teeruk Kochavatr sold 1,100 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $46.25, for a total transaction of $50,875.00. Following the transaction, the vice president now directly owns 22,606 shares of the company’s stock, valued at approximately $1,045,527.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Evercore ISI assumed coverage on shares of Portland General Electric in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $54.00 target price on the stock. KeyCorp upgraded Portland General Electric from a “sector weight” rating to an “overweight” rating in a research note on Monday, July 22nd. StockNews.com raised Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Jefferies Financial Group initiated coverage on Portland General Electric in a research note on Friday, September 20th. They issued a “hold” rating and a $48.00 price target on the stock. Finally, Barclays downgraded Portland General Electric from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $48.00 to $49.00 in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Portland General Electric has an average rating of “Hold” and an average price target of $48.25.

Portland General Electric Trading Up 0.3 %

Portland General Electric stock traded up $0.17 during trading on Thursday, reaching $49.17. 46,316 shares of the company were exchanged, compared to its average volume of 943,250. The stock’s 50 day simple moving average is $47.71 and its two-hundred day simple moving average is $45.35. The company has a market capitalization of $5.07 billion, a P/E ratio of 18.77, a PEG ratio of 1.36 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.00 and a quick ratio of 0.86. Portland General Electric has a 52-week low of $39.13 and a 52-week high of $49.45.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Friday, July 26th. The utilities provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. Portland General Electric had a net margin of 9.24% and a return on equity of 9.15%. The firm had revenue of $758.00 million for the quarter, compared to analysts’ expectations of $716.43 million. During the same quarter in the previous year, the company posted $0.44 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts expect that Portland General Electric will post 3.09 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 24th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.07%. Portland General Electric’s dividend payout ratio is currently 76.63%.

Portland General Electric Company Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.