Nisa Investment Advisors LLC Sells 1,227 Shares of Portland General Electric Company $POR

Nisa Investment Advisors LLC lowered its position in shares of Portland General Electric Company (NYSE:POR) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,910 shares of the utilities provider’s stock after selling 1,227 shares during the period. Nisa Investment Advisors LLC’s holdings in Portland General Electric were worth $1,025,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in POR. Oppenheimer Asset Management Inc. raised its stake in shares of Portland General Electric by 2.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 20,302 shares of the utilities provider’s stock valued at $825,000 after acquiring an additional 424 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Portland General Electric by 3.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 45,123 shares of the utilities provider’s stock worth $1,833,000 after purchasing an additional 1,464 shares during the last quarter. AlphaQuest LLC raised its position in Portland General Electric by 12.3% during the 2nd quarter. AlphaQuest LLC now owns 41,889 shares of the utilities provider’s stock valued at $1,702,000 after purchasing an additional 4,583 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in Portland General Electric during the 2nd quarter valued at approximately $774,000. Finally, Connors Investor Services Inc. lifted its holdings in Portland General Electric by 24.1% in the 2nd quarter. Connors Investor Services Inc. now owns 55,356 shares of the utilities provider’s stock worth $2,249,000 after buying an additional 10,733 shares during the period.

Portland General Electric Price Performance

Shares of NYSE:POR opened at $45.74 on Friday. The business has a fifty day moving average price of $43.54 and a 200-day moving average price of $42.30. 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 has a market capitalization of $5.01 billion, a PE ratio of 16.88, a PEG ratio of 4.18 and a beta of 0.62. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $48.40.

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

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.525 per share. The ex-dividend date is Monday, December 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.6%. Portland General Electric’s dividend payout ratio is presently 77.49%.

Insider Buying and Selling at Portland General Electric

In related news, CEO Maria M. Pope sold 18,896 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total value of $803,080.00. Following the completion of the transaction, the chief executive officer directly owned 194,135 shares in the company, valued at $8,250,737.50. The trade was a 8.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on POR. Wells Fargo & Company initiated coverage on Portland General Electric in a research note on Monday. They set an “equal weight” rating and a $45.00 target price on the stock. Barclays lifted their price target on shares of Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Portland General Electric in a report on Wednesday, October 8th. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Finally, BTIG Research raised shares of Portland General Electric to a “strong-buy” rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.82.

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.