Royal Bank of Canada Purchases 108,585 Shares of Portland General Electric Company $POR

Royal Bank of Canada raised its position in Portland General Electric Company (NYSE:POR) by 97.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,718 shares of the utilities provider’s stock after acquiring an additional 108,585 shares during the period. Royal Bank of Canada’s holdings in Portland General Electric were worth $11,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Natixis Advisors LLC increased its position in shares of Portland General Electric by 0.6% during the fourth quarter. Natixis Advisors LLC now owns 35,548 shares of the utilities provider’s stock worth $1,706,000 after purchasing an additional 207 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Portland General Electric by 3.9% in the 4th quarter. Sigma Planning Corp now owns 5,663 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 210 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Portland General Electric by 2.0% in the 1st quarter. First Citizens Bank & Trust Co. now owns 10,997 shares of the utilities provider’s stock worth $580,000 after purchasing an additional 218 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Portland General Electric by 18.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,469 shares of the utilities provider’s stock worth $71,000 after buying an additional 226 shares during the last quarter. Finally, Fox Hill Wealth Management grew its stake in Portland General Electric by 0.6% during the 4th quarter. Fox Hill Wealth Management now owns 39,373 shares of the utilities provider’s stock worth $1,890,000 after buying an additional 237 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have commented on POR. Weiss Ratings upgraded Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company set a $51.00 price objective on shares of Portland General Electric in a report on Tuesday, April 21st. BMO Capital Markets set a $52.00 price objective on shares of Portland General Electric in a research report on Tuesday. Finally, Zacks Research upgraded shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Portland General Electric presently has a consensus rating of “Hold” and a consensus price target of $50.70.

Insider Buying and Selling at Portland General Electric

In related news, Director Michael A. Lewis sold 1,537 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $51.83, for a total transaction of $79,662.71. Following the completion of the transaction, the director owned 15,045 shares of the company’s stock, valued at $779,782.35. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert N. Hoglund bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $48.80 per share, with a total value of $97,600.00. Following the completion of the transaction, the director directly owned 2,519 shares of the company’s stock, valued at $122,927.20. This trade represents a 385.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.52% of the stock is owned by corporate insiders.

Portland General Electric Stock Up 1.2%

Shares of POR stock opened at $49.12 on Friday. Portland General Electric Company has a fifty-two week low of $41.64 and a fifty-two week high of $54.62. The firm has a market capitalization of $5.78 billion, a PE ratio of 21.64, a P/E/G ratio of 2.11 and a beta of 0.52. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.98. The stock’s 50-day simple moving average is $51.10 and its 200-day simple moving average is $51.33.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, July 31st. The utilities provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $839.75 million. Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Equities analysts expect that Portland General Electric Company will post 3.4 earnings per share for the current year.

Portland General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.5513 per share. This represents a $2.21 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, September 25th. Portland General Electric’s payout ratio is presently 96.92%.

Portland General Electric Company Profile

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.