Concurrent Investment Advisors LLC Invests $1 Million in Portland General Electric Company $POR

Concurrent Investment Advisors LLC purchased a new position in Portland General Electric Company (NYSE:POR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 20,909 shares of the utilities provider’s stock, valued at approximately $1,003,000.

Other large investors also recently bought and sold shares of the company. Millennium Management LLC boosted its stake in Portland General Electric by 99.4% during the third quarter. Millennium Management LLC now owns 1,385,777 shares of the utilities provider’s stock worth $60,974,000 after acquiring an additional 690,743 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Portland General Electric by 34.1% during the third quarter. AQR Capital Management LLC now owns 2,497,281 shares of the utilities provider’s stock valued at $109,381,000 after purchasing an additional 634,890 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Portland General Electric by 23.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,985,941 shares of the utilities provider’s stock valued at $131,381,000 after purchasing an additional 564,379 shares during the last quarter. Barclays PLC boosted its position in shares of Portland General Electric by 223.4% in the 3rd quarter. Barclays PLC now owns 766,535 shares of the utilities provider’s stock worth $33,728,000 after purchasing an additional 529,536 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Portland General Electric in the 3rd quarter worth approximately $22,391,000.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on POR shares. UBS Group raised 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. JPMorgan Chase & Co. increased their target price on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings downgraded Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Barclays lifted their price target on Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 17th. Finally, BTIG Research reissued a “buy” rating and set a $58.00 price objective on shares of Portland General Electric in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.

Portland General Electric Stock Performance

Shares of NYSE POR opened at $49.81 on Friday. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $54.62. The firm has a market capitalization of $5.76 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 2.16 and a beta of 0.54. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average of $52.59 and a 200 day moving average of $50.07.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, May 1st. The utilities provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.19). The business had revenue of $879.00 million during the quarter, compared to the consensus estimate of $953.24 million. Portland General Electric had a return on equity of 8.52% and a net margin of 8.56%.The firm’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. On average, research analysts anticipate that Portland General Electric Company will post 3.42 earnings per share for the current year.

Portland General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be given a dividend of $0.5513 per share. This represents a $2.21 annualized dividend and a yield of 4.4%. This is a boost from Portland General Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Thursday, June 25th. Portland General Electric’s dividend payout ratio (DPR) is presently 75.81%.

Insider Transactions at Portland General Electric

In other Portland General Electric news, EVP Benjamin Felton sold 4,969 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $266,139.64. Following the completion of the sale, the executive vice president owned 41,081 shares of the company’s stock, valued at approximately $2,200,298.36. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

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.