Kingswood Wealth Advisors LLC Purchases 3,888 Shares of Portland General Electric Company $POR

Kingswood Wealth Advisors LLC grew its position in Portland General Electric Company (NYSE:POR) by 67.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,687 shares of the utilities provider’s stock after purchasing an additional 3,888 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Portland General Electric were worth $394,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. ATLAS Infrastructure Partners UK Ltd. raised its stake in Portland General Electric by 164.5% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,400,635 shares of the utilities provider’s stock valued at $196,268,000 after purchasing an additional 2,736,811 shares during the last quarter. AQR Capital Management LLC raised its stake in Portland General Electric by 644.2% during the 1st quarter. AQR Capital Management LLC now owns 2,014,491 shares of the utilities provider’s stock valued at $89,846,000 after purchasing an additional 1,743,791 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Portland General Electric by 22.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,864,352 shares of the utilities provider’s stock valued at $216,950,000 after purchasing an additional 904,692 shares during the last quarter. Vanguard Group Inc. raised its stake in Portland General Electric by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider’s stock valued at $556,266,000 after purchasing an additional 559,201 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in Portland General Electric by 54.0% during the 1st quarter. Brown Advisory Inc. now owns 1,085,699 shares of the utilities provider’s stock valued at $48,422,000 after purchasing an additional 380,749 shares during the last quarter.

Portland General Electric Trading Down 0.6%

Shares of Portland General Electric stock opened at $43.54 on Friday. The firm has a market capitalization of $4.77 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 4.00 and a beta of 0.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. The company’s fifty day moving average price is $42.75 and its two-hundred day moving average price is $42.10. Portland General Electric Company has a 52-week low of $39.54 and a 52-week high of $49.85.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, analysts expect that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, September 25th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 annualized dividend and a dividend yield of 4.8%. Portland General Electric’s dividend payout ratio is presently 77.49%.

Insider Transactions at Portland General Electric

In other news, Director Michael A. Lewis sold 1,937 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $40.10, for a total value of $77,673.70. Following the sale, the director owned 13,509 shares of the company’s stock, valued at approximately $541,710.90. This represents a 12.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $41.35, for a total transaction of $107,634.05. Following the completion of the sale, the chief financial officer directly owned 27,089 shares in the company, valued at approximately $1,120,130.15. The trade was a 8.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,436 shares of company stock valued at $988,388. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on POR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Portland General Electric in a research note on Wednesday. Zacks Research upgraded shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Barclays lowered their price target on shares of Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.40.

About Portland General Electric

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.