Short Interest in Portland General Electric Company (NYSE:POR) Drops By 30.3%

Portland General Electric Company (NYSE:POR) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 2,893,929 shares, a decrease of 30.3% from the February 12th total of 4,153,933 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average daily volume of 2,427,761 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 2,427,761 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.5% of the shares of the company are sold short.

Portland General Electric Price Performance

Shares of NYSE:POR traded up $0.11 on Monday, hitting $53.71. The company’s stock had a trading volume of 248,247 shares, compared to its average volume of 1,287,286. The company has a market capitalization of $6.21 billion, a PE ratio of 19.40, a PEG ratio of 3.04 and a beta of 0.66. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.08 and a quick ratio of 0.95. The company has a 50-day simple moving average of $51.28 and a 200 day simple moving average of $47.93. Portland General Electric has a 1 year low of $39.54 and a 1 year high of $54.39.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Tuesday, February 17th. The utilities provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.12). The business had revenue of $889.00 million for the quarter, compared to analysts’ expectations of $892.31 million. Portland General Electric had a return on equity of 8.52% and a net margin of 8.56%.During the same period in the previous year, the firm posted $0.36 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Sell-side analysts forecast that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 23rd will be given a dividend of $0.525 per share. The ex-dividend date is Monday, March 23rd. This represents a $2.10 annualized dividend and a dividend yield of 3.9%. Portland General Electric’s dividend payout ratio (DPR) is 75.81%.

Analysts Set New Price Targets

A number of research firms have recently commented on POR. Wells Fargo & Company raised their price target on Portland General Electric from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 20th. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 price target on shares of Portland General Electric in a report on Thursday, February 19th. UBS Group boosted their price objective on shares of Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. BTIG Research reaffirmed a “buy” rating and set a $58.00 target price on shares of Portland General Electric in a report on Friday, January 30th. Finally, Barclays increased their target price on shares of Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.17.

Insiders Place Their Bets

In other news, EVP Benjamin Felton sold 4,969 shares of Portland General Electric stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $53.56, for a total value of $266,139.64. Following the completion of the transaction, the executive vice president owned 41,081 shares in the company, valued at $2,200,298.36. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. World Investment Advisors purchased a new stake in Portland General Electric during the fourth quarter valued at about $273,000. Corient Private Wealth LLC boosted its holdings in shares of Portland General Electric by 11.5% in the 4th quarter. Corient Private Wealth LLC now owns 10,382 shares of the utilities provider’s stock worth $498,000 after purchasing an additional 1,071 shares in the last quarter. SHP Wealth Management purchased a new stake in Portland General Electric in the fourth quarter worth approximately $34,000. Dean Capital Management purchased a new stake in shares of Portland General Electric in the 4th quarter valued at $3,801,000. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Portland General Electric by 14.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 82,296 shares of the utilities provider’s stock valued at $3,949,000 after purchasing an additional 10,160 shares in the last quarter.

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.