California State Teachers Retirement System Boosts Position in Portland General Electric Company $POR

California State Teachers Retirement System increased its position in shares of Portland General Electric Company (NYSE:POR) by 31.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,305 shares of the utilities provider’s stock after acquiring an additional 32,262 shares during the period. California State Teachers Retirement System’s holdings in Portland General Electric were worth $7,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of POR. Royal Bank of Canada grew its position in shares of Portland General Electric by 97.7% during the 1st quarter. Royal Bank of Canada now owns 219,718 shares of the utilities provider’s stock valued at $11,593,000 after purchasing an additional 108,585 shares in the last quarter. Empowered Funds LLC purchased a new position in Portland General Electric during the first quarter worth about $415,000. The Manufacturers Life Insurance Company increased its stake in Portland General Electric by 6.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 136,842 shares of the utilities provider’s stock worth $7,221,000 after acquiring an additional 8,595 shares during the last quarter. Quantinno Capital Management LP increased its stake in Portland General Electric by 14.2% in the 1st quarter. Quantinno Capital Management LP now owns 40,018 shares of the utilities provider’s stock worth $2,112,000 after acquiring an additional 4,966 shares during the last quarter. Finally, SummitTX Capital L.P. purchased a new stake in Portland General Electric in the first quarter valued at approximately $7,197,000.

Portland General Electric Price Performance

POR stock opened at $50.05 on Wednesday. The firm has a market cap of $5.89 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.16 and a beta of 0.52. The firm’s fifty day moving average is $51.20 and its 200 day moving average is $51.36. Portland General Electric Company has a 52 week low of $41.64 and a 52 week high of $54.62. 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 (NYSE:POR) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The business had revenue of $814.00 million during the quarter, compared to the consensus estimate of $839.75 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Research analysts predict that Portland General Electric Company will post 3.4 earnings per share for the current year.

Portland General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be issued a dividend of $0.5513 per share. The ex-dividend date is Friday, September 25th. This represents a $2.21 annualized dividend and a yield of 4.4%. Portland General Electric’s dividend payout ratio is currently 96.92%.

Analyst Ratings Changes

POR has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a research note on Tuesday, April 21st. BMO Capital Markets set a $52.00 price target on Portland General Electric in a research report on Tuesday. Weiss Ratings raised Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Zacks Research cut Portland General Electric from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Portland General Electric presently has an average rating of “Hold” and an average target price of $50.70.

Insider Activity at Portland General Electric

In other news, VP Juan Diego Gallegos sold 2,750 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $48.67, for a total transaction of $133,842.50. Following the completion of the transaction, the vice president directly owned 12,127 shares of the company’s stock, valued at approximately $590,221.09. This represents a 18.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Lewis sold 1,537 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $51.83, for a total value of $79,662.71. Following the completion of the sale, the director owned 15,045 shares of the company’s stock, valued at approximately $779,782.35. This trade represents a 9.27% decrease in their position. The SEC filing for this sale provides additional information. 0.52% of the stock is currently owned by company insiders.

About Portland General Electric

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.