Fox Hill Wealth Management Acquires 846 Shares of Portland General Electric (NYSE:POR)

Fox Hill Wealth Management boosted its position in Portland General Electric (NYSE:POR) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,342 shares of the utilities provider’s stock after purchasing an additional 846 shares during the quarter. Fox Hill Wealth Management’s holdings in Portland General Electric were worth $1,324,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in POR. OneDigital Investment Advisors LLC raised its holdings in Portland General Electric by 27.0% in the third quarter. OneDigital Investment Advisors LLC now owns 6,991 shares of the utilities provider’s stock worth $335,000 after purchasing an additional 1,486 shares in the last quarter. Natixis Advisors LLC raised its holdings in Portland General Electric by 2.0% in the third quarter. Natixis Advisors LLC now owns 318,491 shares of the utilities provider’s stock worth $15,256,000 after purchasing an additional 6,178 shares in the last quarter. Swiss National Bank raised its holdings in Portland General Electric by 1.0% in the third quarter. Swiss National Bank now owns 201,200 shares of the utilities provider’s stock worth $9,637,000 after purchasing an additional 2,000 shares in the last quarter. Quest Partners LLC raised its holdings in Portland General Electric by 821.4% in the third quarter. Quest Partners LLC now owns 8,551 shares of the utilities provider’s stock worth $410,000 after purchasing an additional 7,623 shares in the last quarter. Finally, Pathstone Holdings LLC raised its holdings in Portland General Electric by 12.2% in the third quarter. Pathstone Holdings LLC now owns 29,632 shares of the utilities provider’s stock worth $1,421,000 after purchasing an additional 3,232 shares in the last quarter.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total value of $56,815.00. Following the transaction, the chief financial officer now owns 31,960 shares of the company’s stock, valued at approximately $1,320,587.20. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by corporate insiders.

Portland General Electric Trading Down 0.5 %

Portland General Electric stock opened at $44.52 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. Portland General Electric has a one year low of $40.05 and a one year high of $49.85. The stock has a market capitalization of $4.88 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.55. The business’s fifty day moving average is $42.67 and its 200 day moving average is $45.27.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The company had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $716.17 million. During the same period last year, the firm posted $0.67 earnings per share. On average, sell-side analysts predict that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Monday, March 24th. Portland General Electric’s dividend payout ratio is 66.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. KeyCorp decreased their price objective on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Wednesday, December 4th. UBS Group reissued a “neutral” rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Bank of America cut their target price on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research note on Tuesday, December 24th. Evercore ISI increased their target price on Portland General Electric from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, LADENBURG THALM/SH SH cut Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Portland General Electric presently has a consensus rating of “Hold” and a consensus target price of $47.00.

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.