12,678 Shares in Portland General Electric Company $POR Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management bought a new position in shares of Portland General Electric Company (NYSE:POR) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,678 shares of the utilities provider’s stock, valued at approximately $608,000.

Other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Portland General Electric during the fourth quarter worth about $25,000. Private Trust Co. NA grew its stake in shares of Portland General Electric by 76.4% during the 4th 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. Root Financial Partners LLC bought a new position in Portland General Electric in the third quarter valued at $27,000. Johnson Financial Group Inc. acquired a new stake in shares of Portland General Electric in the third quarter valued at about $27,000. Finally, Clearstead Advisors LLC raised its holdings in Portland General Electric by 206.8% during the third quarter. Clearstead Advisors LLC now owns 856 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 577 shares in the last quarter.

Insider Activity at Portland General Electric

In other news, VP Juan Diego Gallegos sold 2,750 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $48.67, for a total transaction of $133,842.50. Following the transaction, the vice president owned 12,127 shares in the company, valued at approximately $590,221.09. This trade represents a 18.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of Portland General Electric stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $49.03, for a total value of $367,725.00. Following the sale, the chief financial officer directly owned 31,897 shares of the company’s stock, valued at approximately $1,563,909.91. The trade was a 19.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,219 shares of company stock worth $767,707 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

Portland General Electric Stock Performance

POR opened at $49.65 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.09 and a debt-to-equity ratio of 1.19. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $54.62. The business has a 50 day moving average of $51.36 and a 200-day moving average of $50.47. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.08 and a beta of 0.54.

Portland General Electric (NYSE:POR) last posted its earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.The business had revenue of $879.00 million for the quarter, compared to analyst estimates of $953.24 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts expect that Portland General Electric Company will post 3.4 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 issued a dividend of $0.5513 per share. This represents a $2.21 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 25th. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.53. Portland General Electric’s payout ratio is presently 93.75%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Barclays raised their price target on Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 17th. BTIG Research reissued a “buy” rating and issued a $58.00 target price on shares of Portland General Electric in a research note on Friday, January 30th. BMO Capital Markets restated a “market perform” rating and set a $55.00 target price on shares of Portland General Electric in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Portland General Electric in a research report on Friday, May 15th. Finally, UBS Group lifted their price objective on shares of Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and a consensus price target of $51.00.

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.