Universal Beteiligungs und Servicegesellschaft mbH Sells 17,930 Shares of Portland General Electric Company $POR

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in shares of Portland General Electric Company (NYSE:POR) by 11.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 134,536 shares of the utilities provider’s stock after selling 17,930 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Portland General Electric worth $5,466,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of POR. IFP Advisors Inc raised its stake in Portland General Electric by 1,291.7% during the second quarter. IFP Advisors Inc now owns 668 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 620 shares in the last quarter. S.A. Mason LLC bought a new stake in shares of Portland General Electric in the 2nd quarter worth about $29,000. Bell Investment Advisors Inc raised its position in shares of Portland General Electric by 80.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock valued at $34,000 after buying an additional 370 shares in the last quarter. Tompkins Financial Corp lifted its holdings in shares of Portland General Electric by 83.3% in the 2nd quarter. Tompkins Financial Corp now owns 1,100 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 500 shares during the last quarter. Finally, Costello Asset Management INC bought a new position in shares of Portland General Electric in the 1st quarter valued at about $46,000.

Insider Buying and Selling

In other news, CEO Maria M. Pope sold 18,896 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total value of $803,080.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Portland General Electric in a research note on Monday, October 27th. They set an “equal weight” rating and a $45.00 price objective on the stock. Jefferies Financial Group increased their price target on Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Barclays raised their target price on shares of Portland General Electric from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Portland General Electric in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Portland General Electric presently has an average rating of “Hold” and an average target price of $46.92.

Portland General Electric Stock Up 0.8%

Shares of POR opened at $49.57 on Friday. The firm has a fifty day moving average price of $45.43 and a 200-day moving average price of $42.97. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $5.58 billion, a P/E ratio of 18.29, a P/E/G ratio of 4.18 and a beta of 0.67. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $50.95.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Thursday, October 30th. The utilities provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.90 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts expect that Portland General Electric Company will post 3.21 earnings per share 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. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Monday, December 22nd. This represents a $2.10 annualized dividend and a dividend yield of 4.2%. Portland General Electric’s dividend payout ratio (DPR) is currently 76.36%.

About Portland General Electric

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.