Versor Investments LP Sells 44,102 Shares of Portland General Electric Company $POR

Versor Investments LP reduced its stake in shares of Portland General Electric Company (NYSE:POR) by 80.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,881 shares of the utilities provider’s stock after selling 44,102 shares during the period. Versor Investments LP’s holdings in Portland General Electric were worth $442,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Investments Inc boosted its holdings in Portland General Electric by 21.2% in the 2nd quarter. Atria Investments Inc now owns 23,578 shares of the utilities provider’s stock worth $958,000 after buying an additional 4,127 shares during the period. Retirement Systems of Alabama boosted its holdings in Portland General Electric by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 133,850 shares of the utilities provider’s stock worth $5,438,000 after buying an additional 759 shares during the period. Hantz Financial Services Inc. boosted its holdings in Portland General Electric by 732.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,607 shares of the utilities provider’s stock worth $65,000 after buying an additional 1,414 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in Portland General Electric by 234.1% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 37,370 shares of the utilities provider’s stock worth $1,518,000 after buying an additional 26,185 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Portland General Electric by 5.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 513,398 shares of the utilities provider’s stock worth $20,859,000 after buying an additional 26,753 shares during the period.

Portland General Electric Stock Performance

Portland General Electric stock opened at $47.42 on Wednesday. The firm’s fifty day moving average price is $43.73 and its 200-day moving average price is $42.35. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.84 and a current ratio of 0.97. The stock has a market cap of $5.19 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 4.18 and a beta of 0.62. Portland General Electric Company has a fifty-two week low of $39.54 and a fifty-two week high of $48.40.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $952.00 million for the quarter, compared to analysts’ expectations of $975.64 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, equities research analysts expect that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Monday, December 22nd. This represents a $2.10 annualized dividend and a dividend yield of 4.4%. Portland General Electric’s dividend payout ratio (DPR) is 76.36%.

Insider Buying and Selling at Portland General Electric

In other news, CEO Maria M. Pope sold 18,896 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total transaction of $803,080.00. Following the sale, the chief executive officer owned 194,135 shares in the company, valued at approximately $8,250,737.50. This trade represents a 8.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays raised their price objective on shares of Portland General Electric from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Portland General Electric in a report on Wednesday, October 8th. Mizuho set a $47.00 target price on shares of Portland General Electric in a research note on Monday. BTIG Research upgraded shares of Portland General Electric to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Jefferies Financial Group increased their target price on shares of Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Portland General Electric currently has a consensus rating of “Hold” and a consensus price target of $46.83.

Portland General Electric 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.