Nisa Investment Advisors LLC Acquires 6,712 Shares of Portland General Electric (NYSE:POR)

Nisa Investment Advisors LLC boosted its holdings in shares of Portland General Electric (NYSE:POR) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,157 shares of the utilities provider’s stock after purchasing an additional 6,712 shares during the period. Nisa Investment Advisors LLC owned about 0.16% of Portland General Electric worth $8,187,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Portland General Electric by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,508,666 shares of the utilities provider’s stock worth $65,234,000 after purchasing an additional 86,718 shares during the period. HITE Hedge Asset Management LLC raised its stake in shares of Portland General Electric by 7.1% in the second quarter. HITE Hedge Asset Management LLC now owns 1,485,099 shares of the utilities provider’s stock valued at $64,216,000 after acquiring an additional 97,922 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Portland General Electric by 6.9% in the second quarter. Victory Capital Management Inc. now owns 1,076,806 shares of the utilities provider’s stock valued at $46,561,000 after acquiring an additional 69,392 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Portland General Electric by 1.0% in the first quarter. ProShare Advisors LLC now owns 948,014 shares of the utilities provider’s stock valued at $39,817,000 after acquiring an additional 9,786 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Portland General Electric in the second quarter valued at approximately $31,557,000.

Analysts Set New Price Targets

POR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Barclays lowered their price target on shares of Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Tuesday. Jefferies Financial Group initiated coverage on shares of Portland General Electric in a report on Friday, September 20th. They issued a “hold” rating and a $48.00 price target for the company. Finally, KeyCorp raised shares of Portland General Electric from a “sector weight” rating to an “overweight” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and an average price target of $48.13.

Insider Activity

In other news, VP John Teeruk Kochavatr sold 1,100 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $46.25, for a total value of $50,875.00. Following the completion of the transaction, the vice president now owns 22,606 shares of the company’s stock, valued at $1,045,527.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP John Teeruk Kochavatr sold 1,100 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $46.25, for a total value of $50,875.00. Following the completion of the transaction, the vice president now owns 22,606 shares of the company’s stock, valued at $1,045,527.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Maria Angelica Espinosa sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total transaction of $120,750.00. Following the completion of the transaction, the senior vice president now directly owns 14,263 shares of the company’s stock, valued at $688,902.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

Portland General Electric Price Performance

POR opened at $47.47 on Thursday. The company has a fifty day moving average price of $47.85 and a two-hundred day moving average price of $45.58. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98. Portland General Electric has a 52 week low of $39.13 and a 52 week high of $49.85. The firm has a market capitalization of $5.01 billion, a PE ratio of 14.17, a P/E/G ratio of 1.22 and a beta of 0.59.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, October 25th. The utilities provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The firm had revenue of $929.00 million during the quarter, compared to analyst estimates of $882.66 million. During the same quarter in the previous year, the business earned $0.46 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, analysts anticipate that Portland General Electric will post 3.13 earnings per share for the current year.

Portland General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Tuesday, December 24th. Portland General Electric’s dividend payout ratio (DPR) is 59.70%.

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.