New York State Teachers Retirement System Has $1.66 Million Stock Holdings in Portland General Electric Company $POR

New York State Teachers Retirement System raised its stake in shares of Portland General Electric Company (NYSE:POR) by 2.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 40,904 shares of the utilities provider’s stock after purchasing an additional 1,111 shares during the quarter. New York State Teachers Retirement System’s holdings in Portland General Electric were worth $1,662,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POR. ATLAS Infrastructure Partners UK Ltd. grew its holdings in Portland General Electric by 164.5% during the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,400,635 shares of the utilities provider’s stock valued at $196,268,000 after purchasing an additional 2,736,811 shares during the last quarter. AQR Capital Management LLC increased its position in Portland General Electric by 644.2% during the first quarter. AQR Capital Management LLC now owns 2,014,491 shares of the utilities provider’s stock worth $89,846,000 after acquiring an additional 1,743,791 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in Portland General Electric by 22.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 4,864,352 shares of the utilities provider’s stock worth $216,950,000 after acquiring an additional 904,692 shares during the period. Vanguard Group Inc. boosted its holdings in Portland General Electric by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider’s stock valued at $556,266,000 after purchasing an additional 559,201 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in Portland General Electric by 54.0% in the 1st quarter. Brown Advisory Inc. now owns 1,085,699 shares of the utilities provider’s stock valued at $48,422,000 after purchasing an additional 380,749 shares during the period.

Portland General Electric Stock Up 0.9%

Shares of POR stock opened at $45.35 on Thursday. The stock has a market cap of $4.97 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 4.11 and a beta of 0.62. Portland General Electric Company has a one year low of $39.54 and a one year high of $49.85. The stock has a fifty day moving average price of $43.06 and a 200 day moving average price of $42.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. The firm had revenue of $807.00 million during the quarter, compared to analysts’ expectations of $797.97 million. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.Portland General Electric’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.69 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Analysts predict that Portland General Electric Company will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

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

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, CEO Maria M. Pope sold 18,896 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total transaction 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. This represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $41.35, for a total value of $107,634.05. Following the transaction, the chief financial officer owned 27,089 shares of the company’s stock, valued at $1,120,130.15. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays increased 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. Jefferies Financial Group increased their price target on shares of Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Portland General Electric in a report on Wednesday, October 8th. Finally, BTIG Research assumed coverage on shares of Portland General Electric in a report on Tuesday. They issued a “buy” rating and a $52.00 price target for the company. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Portland General Electric currently has a consensus rating of “Hold” and a consensus target price of $46.73.

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.