Wedge Capital Management L L P NC Lowers Holdings in Portland General Electric Company $POR

Wedge Capital Management L L P NC decreased its holdings in Portland General Electric Company (NYSE:POR) by 14.7% in the second quarter, HoldingsChannel.com reports. The fund owned 377,171 shares of the utilities provider’s stock after selling 64,824 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Portland General Electric were worth $19,549,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in POR. Royal Bank of Canada lifted its holdings in Portland General Electric by 7.4% in the 1st quarter. Royal Bank of Canada now owns 161,931 shares of the utilities provider’s stock worth $7,222,000 after purchasing an additional 11,141 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Portland General Electric by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,949 shares of the utilities provider’s stock worth $2,763,000 after buying an additional 2,717 shares in the last quarter. Millennium Management LLC boosted its position in shares of Portland General Electric by 465.5% during the first quarter. Millennium Management LLC now owns 151,134 shares of the utilities provider’s stock worth $6,741,000 after acquiring an additional 124,410 shares during the last quarter. United Services Automobile Association bought a new position in shares of Portland General Electric during the first quarter worth $271,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Portland General Electric by 6.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,640 shares of the utilities provider’s stock valued at $10,420,000 after acquiring an additional 13,799 shares in the last quarter.

Insider Buying and Selling at Portland General Electric

In related news, Director Michael A. Lewis sold 1,537 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $51.83, for a total transaction of $79,662.71. Following the sale, the director owned 15,045 shares in the company, valued at approximately $779,782.35. This represents a 9.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Portland General Electric Stock Performance

Portland General Electric stock opened at $48.35 on Wednesday. The company’s 50-day moving average price is $51.07 and its 200-day moving average price is $51.32. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.26. The company has a market cap of $5.69 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 2.07 and a beta of 0.52. Portland General Electric Company has a twelve month low of $41.80 and a twelve month high of $54.62.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $839.75 million. During the same quarter in the prior year, the business posted $0.66 EPS. The company’s revenue was up .9% on a year-over-year basis. 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 3.4 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be given a dividend of $0.5513 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.21 annualized dividend and a dividend yield of 4.6%. Portland General Electric’s payout ratio is currently 96.92%.

Analyst Ratings Changes

POR has been the topic of several research analyst reports. BMO Capital Markets set a $52.00 price target on shares of Portland General Electric in a research note on Tuesday, August 4th. Zacks Research raised Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a research report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price target on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Finally, Weiss Ratings raised Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $50.70.

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.