Portland General Electric Company $POR Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. lifted its stake in Portland General Electric Company (NYSE:POR) by 732.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,607 shares of the utilities provider’s stock after purchasing an additional 1,414 shares during the period. Hantz Financial Services Inc.’s holdings in Portland General Electric were worth $65,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System lifted its stake in shares of Portland General Electric by 17.5% in the first quarter. New York State Teachers Retirement System now owns 39,793 shares of the utilities provider’s stock valued at $1,775,000 after purchasing an additional 5,927 shares during the period. M&T Bank Corp boosted its stake in shares of Portland General Electric by 21.9% during the first quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider’s stock valued at $878,000 after acquiring an additional 3,538 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Portland General Electric during the second quarter valued at $376,000. Eastern Bank acquired a new position in shares of Portland General Electric in the second quarter valued at approximately $65,000. Finally, Vanguard Group Inc. raised its position in shares of Portland General Electric by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider’s stock valued at $556,266,000 after buying an additional 559,201 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on POR. Jefferies Financial Group upped their price objective on shares of Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Portland General Electric in a research report on Wednesday, October 8th. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Mizuho set a $47.00 price target on shares of Portland General Electric in a research report on Monday. Finally, Barclays upped their price target on shares of Portland General Electric from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $46.83.

Insiders Place Their Bets

In related news, CEO Maria M. Pope sold 18,896 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total transaction of $803,080.00. Following the completion of the sale, the chief executive officer directly owned 194,135 shares of the company’s stock, valued at approximately $8,250,737.50. This trade represents a 8.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Portland General Electric Price Performance

Portland General Electric stock opened at $47.42 on Wednesday. Portland General Electric Company has a 52-week low of $39.54 and a 52-week high of $48.40. The firm has a fifty day moving average of $43.73 and a 200-day moving average of $42.35. The firm has a market capitalization of $5.19 billion, a P/E ratio of 17.50, a PEG ratio of 4.18 and a beta of 0.62. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 1.28.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The company had revenue of $952.00 million during the quarter, compared to analyst estimates of $975.64 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. As a group, analysts predict that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Monday, December 22nd. Portland General Electric’s dividend payout ratio (DPR) is presently 76.36%.

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.