Atria Investments Inc Has $496,000 Position in Portland General Electric (NYSE:POR)

Atria Investments Inc lowered its stake in shares of Portland General Electric (NYSE:POR) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,364 shares of the utilities provider’s stock after selling 1,116 shares during the period. Atria Investments Inc’s holdings in Portland General Electric were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of POR. Dimensional Fund Advisors LP grew its position in shares of Portland General Electric by 6.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,508,666 shares of the utilities provider’s stock valued at $65,234,000 after purchasing an additional 86,718 shares during the period. HITE Hedge Asset Management LLC raised its position in Portland General Electric by 7.1% during the second quarter. HITE Hedge Asset Management LLC now owns 1,485,099 shares of the utilities provider’s stock worth $64,216,000 after acquiring an additional 97,922 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Portland General Electric by 6.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,076,806 shares of the utilities provider’s stock valued at $46,561,000 after purchasing an additional 69,392 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Portland General Electric in the second quarter valued at approximately $31,557,000. Finally, Leeward Investments LLC MA grew its stake in Portland General Electric by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 553,673 shares of the utilities provider’s stock valued at $23,941,000 after buying an additional 29,441 shares during the last quarter.

Portland General Electric Trading Down 0.1 %

Shares of POR stock opened at $46.88 on Thursday. Portland General Electric has a 1-year low of $39.13 and a 1-year high of $49.85. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.19 and a beta of 0.59. The stock has a 50-day moving average of $47.49 and a 200-day moving average of $46.01.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, October 25th. The utilities provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $929.00 million during the quarter, compared to the consensus estimate of $882.66 million. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, equities research analysts forecast that Portland General Electric will post 3.11 earnings per share for the current year.

Portland General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 24th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, December 24th. Portland General Electric’s dividend payout ratio is presently 59.70%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Bank of America initiated coverage on Portland General Electric in a research report on Thursday, September 12th. They set an “underperform” rating and a $47.00 price objective on the stock. StockNews.com upgraded Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Evercore ISI began coverage on shares of Portland General Electric in a report on Wednesday, September 25th. They set an “outperform” rating and a $54.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Barclays decreased their target price on shares of Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $48.86.

Insider Activity at Portland General Electric

In other news, SVP Maria Angelica Espinosa sold 2,500 shares of Portland General Electric stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total value of $120,750.00. Following the completion of the sale, the senior vice president now owns 14,263 shares in the company, valued at $688,902.90. The trade was a 14.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by company insiders.

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.