Citigroup Inc. Sells 17,491 Shares of Portland General Electric Company $POR

Citigroup Inc. lowered its holdings in Portland General Electric Company (NYSE:POR) by 23.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,401 shares of the utilities provider’s stock after selling 17,491 shares during the quarter. Citigroup Inc.’s holdings in Portland General Electric were worth $2,526,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of POR. Johnson Investment Counsel Inc. increased its holdings in shares of Portland General Electric by 0.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 38,563 shares of the utilities provider’s stock worth $1,697,000 after purchasing an additional 302 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Portland General Electric by 35.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock valued at $54,000 after buying an additional 323 shares during the period. State of Wyoming grew its position in Portland General Electric by 2.3% during the third quarter. State of Wyoming now owns 15,210 shares of the utilities provider’s stock worth $669,000 after buying an additional 345 shares in the last quarter. California State Teachers Retirement System increased its stake in Portland General Electric by 0.4% during the second quarter. California State Teachers Retirement System now owns 101,342 shares of the utilities provider’s stock valued at $4,118,000 after acquiring an additional 361 shares during the period. Finally, Bell Investment Advisors Inc increased its stake in Portland General Electric by 80.6% during the second quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 370 shares during the period.

Insider Buying and Selling at Portland General Electric

In other news, EVP Benjamin Felton sold 4,969 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $53.56, for a total transaction of $266,139.64. Following the sale, the executive vice president directly owned 41,081 shares of the company’s stock, valued at $2,200,298.36. This represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

POR has been the subject of a number of research reports. Weiss Ratings downgraded Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. UBS Group boosted their price objective on Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. BTIG Research restated a “buy” rating and issued a $58.00 target price on shares of Portland General Electric in a research note on Friday, January 30th. Wells Fargo & Company raised their target price on Portland General Electric from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 20th. Finally, Loop Capital set a $48.00 price target on shares of Portland General Electric in a research note on Tuesday, December 30th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Portland General Electric presently has an average rating of “Hold” and an average price target of $50.17.

Portland General Electric Trading Down 0.1%

Shares of Portland General Electric stock opened at $53.37 on Friday. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $54.39. The stock has a market capitalization of $6.17 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 3.03 and a beta of 0.66. The company has a 50-day simple moving average of $50.83 and a 200 day simple moving average of $47.51. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.19.

Portland General Electric (NYSE:POR) last released 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 return on equity of 8.52% and a net margin of 8.56%.The business had revenue of $889.00 million for the quarter, compared to the consensus estimate of $892.31 million. During the same quarter last year, the company earned $0.36 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Research analysts expect that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

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

About Portland General Electric

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.