Horizon Investments LLC Has $2.58 Million Stake in Portland General Electric Company $POR

Horizon Investments LLC raised its position in shares of Portland General Electric Company (NYSE:POR) by 80,125.4% in the fourth quarter, Holdings Channel reports. The fund owned 53,751 shares of the utilities provider’s stock after buying an additional 53,684 shares during the quarter. Horizon Investments LLC’s holdings in Portland General Electric were worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in shares of Portland General Electric during the 4th quarter worth about $25,000. Private Trust Co. NA grew its holdings in Portland General Electric by 76.4% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Portland General Electric in the 3rd quarter valued at approximately $27,000. Root Financial Partners LLC bought a new position in Portland General Electric in the 3rd quarter worth approximately $27,000. Finally, Clearstead Advisors LLC increased its position in Portland General Electric by 206.8% in the 3rd quarter. Clearstead Advisors LLC now owns 856 shares of the utilities provider’s stock worth $38,000 after buying an additional 577 shares during the period.

Insider Activity

In other news, EVP Benjamin Felton sold 4,969 shares of the stock in a transaction on 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 approximately $2,200,298.36. This represents a 10.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Portland General Electric Price Performance

Shares of POR stock opened at $48.96 on Tuesday. The stock has a 50 day moving average of $52.59 and a two-hundred day moving average of $50.17. The company has a current ratio of 1.09, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $54.62. The company has a market capitalization of $5.67 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.08 and a beta of 0.54.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, May 1st. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The firm had revenue of $879.00 million for the quarter, compared to the consensus estimate of $953.24 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. As a group, equities analysts expect that Portland General Electric Company will post 3.4 EPS for the current year.

Portland General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be issued a $0.5513 dividend. This is a boost from Portland General Electric’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $2.21 annualized dividend and a yield of 4.5%. Portland General Electric’s payout ratio is presently 93.75%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on POR. Barclays upped their price target on Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. Wells Fargo & Company set a $51.00 target price on shares of Portland General Electric in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings downgraded shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Finally, UBS Group raised their price target on shares of Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Portland General Electric has an average rating of “Hold” and a consensus target price of $51.00.

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.