ProShare Advisors LLC Has $37.74 Million Stake in Portland General Electric Company $POR

ProShare Advisors LLC raised its stake in shares of Portland General Electric Company (NYSE:POR) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 928,950 shares of the utilities provider’s stock after purchasing an additional 6,542 shares during the quarter. ProShare Advisors LLC’s holdings in Portland General Electric were worth $37,743,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. grew its position in Portland General Electric by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 486,645 shares of the utilities provider’s stock worth $21,704,000 after buying an additional 11,853 shares in the last quarter. M&T Bank Corp lifted its position in shares of Portland General Electric by 21.9% in the 1st quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider’s stock worth $878,000 after acquiring an additional 3,538 shares during the period. Alps Advisors Inc. grew its holdings in shares of Portland General Electric by 7.7% during the 1st quarter. Alps Advisors Inc. now owns 28,890 shares of the utilities provider’s stock worth $1,288,000 after purchasing an additional 2,074 shares in the last quarter. Cerity Partners LLC increased its position in shares of Portland General Electric by 88.5% during the first quarter. Cerity Partners LLC now owns 85,895 shares of the utilities provider’s stock valued at $3,831,000 after purchasing an additional 40,329 shares during the period. Finally, State of Michigan Retirement System increased its position in shares of Portland General Electric by 4.8% during the first quarter. State of Michigan Retirement System now owns 26,200 shares of the utilities provider’s stock valued at $1,169,000 after purchasing an additional 1,200 shares during the period.

Insider Transactions at Portland General Electric

In other Portland General Electric news, CEO Maria M. Pope sold 18,896 shares of Portland General Electric stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total value of $803,080.00. Following the completion of the transaction, the chief executive officer owned 194,135 shares in the company, valued at approximately $8,250,737.50. The trade was a 8.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

POR has been the subject of several research reports. Barclays raised their target price on 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. Mizuho set a $47.00 price objective on shares of Portland General Electric in a research note on Monday, November 3rd. Jefferies Financial Group raised their price objective on shares of Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. BTIG Research raised shares of Portland General Electric to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Portland General Electric in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Portland General Electric currently has a consensus rating of “Hold” and a consensus target price of $46.83.

Portland General Electric Trading Up 2.4%

Shares of Portland General Electric stock opened at $48.98 on Tuesday. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $49.05. The stock has a market capitalization of $5.51 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 4.18 and a beta of 0.67. The company has a 50-day simple moving average of $44.15 and a 200 day simple moving average of $42.49. 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 issued its quarterly earnings data on Friday, October 31st. The utilities provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $952.00 million for the quarter, compared to analysts’ expectations of $975.64 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Research analysts expect that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The firm 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 4.3%. The ex-dividend date of this dividend is Monday, December 22nd. Portland General Electric’s dividend payout ratio (DPR) is currently 76.36%.

Portland General Electric Company 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.