GW&K Investment Management LLC Lowers Stake in Portland General Electric Company $POR

GW&K Investment Management LLC cut its position in Portland General Electric Company (NYSE:POR) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 883,413 shares of the utilities provider’s stock after selling 39,686 shares during the period. GW&K Investment Management LLC owned about 0.79% of Portland General Electric worth $38,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in Portland General Electric in the 3rd quarter worth $27,000. Bell Investment Advisors Inc boosted its stake in shares of Portland General Electric by 80.6% in the second quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 370 shares during the period. Clearstead Advisors LLC grew its position in shares of Portland General Electric by 206.8% during the third quarter. Clearstead Advisors LLC now owns 856 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 577 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Portland General Electric during the 2nd quarter valued at approximately $51,000. Finally, Smartleaf Asset Management LLC raised its stake in Portland General Electric by 35.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 323 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $43.00 price objective on shares of Portland General Electric in a report on Thursday, December 4th. UBS Group raised their target price on shares of Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. BTIG Research reiterated a “buy” rating and issued a $58.00 price target on shares of Portland General Electric in a research note on Friday, January 30th. BMO Capital Markets restated a “market perform” rating and set a $55.00 price objective on shares of Portland General Electric in a research report on Thursday, February 19th. Finally, Weiss Ratings cut Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.17.

Portland General Electric Stock Performance

Portland General Electric stock opened at $53.46 on Friday. The company’s 50-day moving average price is $50.71 and its 200-day moving average price is $47.43. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.19. The company has a market cap of $6.18 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $54.39.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.12). Portland General Electric had a net margin of 8.56% and a return on equity of 8.52%. The business had revenue of $889.00 million during the quarter, compared to the consensus estimate of $892.31 million. During the same period in the previous year, the business posted $0.36 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. On average, equities research analysts forecast that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 23rd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.10 annualized dividend and a dividend yield of 3.9%. Portland General Electric’s payout ratio is currently 75.81%.

Insiders Place Their Bets

In related news, EVP Benjamin Felton sold 4,969 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $266,139.64. Following the sale, the executive vice president owned 41,081 shares in the company, valued at approximately $2,200,298.36. This represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Portland General Electric Profile

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.