Portland General Electric Company $POR Holdings Lowered by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in Portland General Electric Company (NYSE:POR) by 5.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 200,983 shares of the utilities provider’s stock after selling 11,671 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.17% of Portland General Electric worth $10,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of POR. V Square Quantitative Management LLC purchased a new stake in Portland General Electric during the fourth quarter valued at about $25,000. Private Trust Co. NA increased its position in shares of Portland General Electric by 76.4% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Portland General Electric in the third quarter worth approximately $27,000. Rothschild Investment LLC raised its holdings in shares of Portland General Electric by 112.9% during the fourth quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 324 shares during the period. Finally, SHP Wealth Management acquired a new stake in shares of Portland General Electric during the fourth quarter valued at approximately $34,000.

Analyst Upgrades and Downgrades

A number of research firms recently commented on POR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Portland General Electric in a research note on Friday, May 15th. Zacks Research downgraded shares of Portland General Electric from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised their target price on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Portland General Electric currently has a consensus rating of “Reduce” and a consensus target price of $51.00.

Insider Transactions at Portland General Electric

In other Portland General Electric news, VP Juan Diego Gallegos sold 2,750 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $48.67, for a total value of $133,842.50. Following the transaction, the vice president owned 12,127 shares in the company, valued at $590,221.09. The trade was a 18.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $49.03, for a total value of $367,725.00. Following the completion of the transaction, the chief financial officer directly owned 31,897 shares in the company, valued at approximately $1,563,909.91. The trade was a 19.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.52% of the stock is currently owned by company insiders.

Portland General Electric Price Performance

NYSE POR opened at $53.05 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.09 and a quick ratio of 0.95. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 2.21 and a beta of 0.52. The company has a 50 day simple moving average of $50.34 and a 200-day simple moving average of $51.00. Portland General Electric Company has a 52-week low of $39.73 and a 52-week high of $54.62.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The company had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $953.24 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. Equities research analysts predict that Portland General Electric Company will post 3.39 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.5513 per share. The ex-dividend date is Thursday, June 25th. This represents a $2.21 annualized dividend and a dividend yield of 4.2%. This is an increase from Portland General Electric’s previous quarterly dividend of $0.53. Portland General Electric’s dividend payout ratio is presently 98.21%.

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.