Guggenheim Capital LLC Has $4.50 Million Stock Holdings in Portland General Electric (NYSE:POR)

Guggenheim Capital LLC raised its position in shares of Portland General Electric (NYSE:POR) by 26.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,182 shares of the utilities provider’s stock after purchasing an additional 21,703 shares during the period. Guggenheim Capital LLC’s holdings in Portland General Electric were worth $4,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its stake in shares of Portland General Electric by 53.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 14,254 shares of the utilities provider’s stock valued at $678,000 after purchasing an additional 4,936 shares during the last quarter. Franklin Resources Inc. boosted its stake in Portland General Electric by 114.1% in the third quarter. Franklin Resources Inc. now owns 153,290 shares of the utilities provider’s stock valued at $7,289,000 after buying an additional 81,701 shares in the last quarter. Lord Abbett & CO. LLC grew its position in Portland General Electric by 1.6% in the third quarter. Lord Abbett & CO. LLC now owns 1,062,663 shares of the utilities provider’s stock valued at $50,902,000 after acquiring an additional 17,021 shares during the last quarter. Versant Capital Management Inc raised its stake in Portland General Electric by 151.0% during the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 450 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Portland General Electric by 2.0% in the fourth quarter. Nordea Investment Management AB now owns 989,379 shares of the utilities provider’s stock worth $43,058,000 after acquiring an additional 19,057 shares during the last quarter.

Insiders Place Their Bets

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value of $56,815.00. Following the completion of the sale, the chief financial officer now directly owns 31,960 shares of the company’s stock, valued at approximately $1,320,587.20. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin Felton sold 1,845 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $43.02, for a total transaction of $79,371.90. Following the transaction, the executive vice president now directly owns 32,646 shares in the company, valued at $1,404,430.92. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,795 shares of company stock worth $159,946. Corporate insiders own 0.40% of the company’s stock.

Portland General Electric Trading Down 0.0 %

NYSE:POR opened at $42.99 on Friday. Portland General Electric has a 52 week low of $40.05 and a 52 week high of $49.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. The firm’s fifty day moving average is $43.51 and its 200-day moving average is $44.48. The firm has a market cap of $4.71 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.11 and a beta of 0.49.

Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The business had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $716.17 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Equities analysts expect that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.65%. The ex-dividend date was Monday, March 24th. Portland General Electric’s dividend payout ratio (DPR) is presently 66.45%.

Wall Street Analysts Forecast Growth

POR has been the topic of several research reports. LADENBURG THALM/SH SH lowered shares of Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Tuesday, February 18th. Barclays boosted their target price on shares of Portland General Electric from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $44.00 price target (down from $50.00) on shares of Portland General Electric in a report on Thursday, April 10th. Evercore ISI raised their price objective on Portland General Electric from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, StockNews.com cut Portland General Electric from a “hold” rating to a “sell” rating in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.78.

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.