Bank of America Corp DE Grows Position in Portland General Electric Company $POR

Bank of America Corp DE raised its stake in shares of Portland General Electric Company (NYSE:POR) by 60.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,660,446 shares of the utilities provider’s stock after acquiring an additional 626,223 shares during the period. Bank of America Corp DE’s holdings in Portland General Electric were worth $87,622,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of POR. Royal Bank of Canada lifted its position in shares of Portland General Electric by 7.4% during the first quarter. Royal Bank of Canada now owns 161,931 shares of the utilities provider’s stock valued at $7,222,000 after purchasing an additional 11,141 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Portland General Electric by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,949 shares of the utilities provider’s stock worth $2,763,000 after purchasing an additional 2,717 shares during the last quarter. Millennium Management LLC grew its position in Portland General Electric by 465.5% in the 1st quarter. Millennium Management LLC now owns 151,134 shares of the utilities provider’s stock worth $6,741,000 after purchasing an additional 124,410 shares in the last quarter. United Services Automobile Association bought a new stake in Portland General Electric in the 1st quarter worth about $271,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Portland General Electric by 6.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,640 shares of the utilities provider’s stock worth $10,420,000 after purchasing an additional 13,799 shares in the last quarter.

Insider Buying and Selling

In related news, Director Robert N. Hoglund purchased 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $48.80 per share, with a total value of $97,600.00. Following the acquisition, the director owned 2,519 shares of the company’s stock, valued at $122,927.20. This trade represents a 385.36% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Lewis sold 1,537 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $51.83, for a total value of $79,662.71. Following the completion of the transaction, the director owned 15,045 shares in the company, valued at approximately $779,782.35. The trade was a 9.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.52% of the company’s stock.

Portland General Electric Price Performance

POR opened at $49.12 on Friday. The firm has a market cap of $5.78 billion, a P/E ratio of 21.64, a PEG ratio of 2.11 and a beta of 0.52. The firm has a 50-day moving average of $51.10 and a 200 day moving average of $51.33. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.98. Portland General Electric Company has a fifty-two week low of $41.64 and a fifty-two week high of $54.62.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $814.00 million during the quarter, compared to the consensus estimate of $839.75 million. Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. On average, research analysts expect that Portland General Electric Company will post 3.4 EPS for the current year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.5513 per share. The ex-dividend date is Friday, September 25th. This represents a $2.21 annualized dividend and a dividend yield of 4.5%. Portland General Electric’s dividend payout ratio (DPR) is presently 96.92%.

Wall Street Analyst Weigh In

Several equities analysts have commented on POR shares. Weiss Ratings raised shares of Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price target on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, BMO Capital Markets set a $52.00 price target on Portland General Electric in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $50.70.

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.