76,308 Shares in Portland General Electric Company $POR Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in Portland General Electric Company (NYSE:POR) during the fourth quarter, Holdings Channel.com reports. The firm acquired 76,308 shares of the utilities provider’s stock, valued at approximately $3,662,000.

Several other large investors also recently modified their holdings of the business. Diversified Trust Co. lifted its stake in shares of Portland General Electric by 44.4% in the fourth quarter. Diversified Trust Co. now owns 17,799 shares of the utilities provider’s stock worth $854,000 after acquiring an additional 5,472 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Portland General Electric by 46.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,410 shares of the utilities provider’s stock valued at $1,189,000 after purchasing an additional 7,786 shares in the last quarter. CWA Asset Management Group LLC grew its stake in Portland General Electric by 228.9% during the 4th quarter. CWA Asset Management Group LLC now owns 68,462 shares of the utilities provider’s stock valued at $3,285,000 after purchasing an additional 47,644 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Portland General Electric by 7.6% during the 4th quarter. Park Avenue Securities LLC now owns 25,178 shares of the utilities provider’s stock worth $1,208,000 after purchasing an additional 1,786 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Portland General Electric by 34.1% during the 4th quarter. GAMMA Investing LLC now owns 3,273 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 832 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on POR shares. BTIG Research reiterated a “buy” rating and set a $58.00 target price on shares of Portland General Electric in a research note on Friday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings cut shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. LADENBURG THALM/SH SH reissued a “sell” rating and set a $43.00 price objective on shares of Portland General Electric in a report on Thursday, December 4th. Finally, Loop Capital set a $48.00 target price on shares of Portland General Electric in a research report on Tuesday, December 30th. Two 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’s stock. According to MarketBeat, Portland General Electric currently has a consensus rating of “Hold” and an average price target of $50.17.

Insider Activity

In other news, EVP Benjamin Felton sold 4,969 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $53.56, for a total value of $266,139.64. Following the transaction, the executive vice president directly owned 41,081 shares in the company, valued at approximately $2,200,298.36. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.52% of the company’s stock.

Portland General Electric Price Performance

Shares of POR opened at $51.67 on Monday. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.93 and a beta of 0.66. The stock has a 50 day moving average of $51.89 and a 200-day moving average of $48.60. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. Portland General Electric Company has a 52 week low of $39.54 and a 52 week high of $54.39.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $889.00 million for the quarter, compared to analyst estimates of $892.31 million. During the same period in the prior year, the company posted $0.36 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. As a group, analysts forecast that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, March 23rd. Portland General Electric’s dividend payout ratio is 75.81%.

Portland General Electric Company 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.