John G Ullman & Associates Inc. Purchases 15,150 Shares of Portland General Electric (NYSE:POR)

John G Ullman & Associates Inc. lifted its position in Portland General Electric (NYSE:POR) by 11.7% during the 4th quarter, HoldingsChannel reports. The firm owned 144,400 shares of the utilities provider’s stock after buying an additional 15,150 shares during the period. John G Ullman & Associates Inc.’s holdings in Portland General Electric were worth $6,258,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in POR. Fifth Third Bancorp increased its holdings in shares of Portland General Electric by 181.8% in the fourth quarter. Fifth Third Bancorp now owns 634 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 409 shares during the period. Spirit of America Management Corp NY bought a new position in Portland General Electric in the third quarter valued at $32,000. BKM Wealth Management LLC bought a new position in Portland General Electric in the fourth quarter valued at $33,000. Allworth Financial LP increased its stake in Portland General Electric by 44.0% in the third quarter. Allworth Financial LP now owns 854 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 261 shares during the last quarter. Finally, IMA Wealth Inc. increased its stake in Portland General Electric by 100.0% in the second quarter. IMA Wealth Inc. now owns 786 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 393 shares during the last quarter.

Insider Buying and Selling

In related news, COO Benjamin Felton sold 3,500 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $40.60, for a total value of $142,100.00. Following the completion of the transaction, the chief operating officer now directly owns 31,950 shares of the company’s stock, valued at $1,297,170. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Mizuho reissued a “neutral” rating and issued a $42.00 target price (down previously from $43.00) on shares of Portland General Electric in a research note on Tuesday, February 20th. Bank of America lowered shares of Portland General Electric from a “buy” rating to a “neutral” rating and cut their price target for the company from $55.00 to $43.00 in a research report on Monday, February 5th. UBS Group upgraded shares of Portland General Electric from a “neutral” rating to a “buy” rating and cut their price target for the company from $47.00 to $45.00 in a research report on Monday, January 29th. StockNews.com lowered shares of Portland General Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Finally, Barclays cut their price target on shares of Portland General Electric from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.13.

Portland General Electric Trading Up 2.4 %

Shares of Portland General Electric stock traded up $0.99 during trading on Friday, reaching $42.73. 453,781 shares of the stock were exchanged, compared to its average volume of 960,014. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.26. The stock’s fifty day moving average is $41.03 and its 200 day moving average is $41.37. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 17.91 and a beta of 0.57. Portland General Electric has a 1 year low of $38.01 and a 1 year high of $51.58.

Portland General Electric (NYSE:POR) last posted its earnings results on Friday, February 16th. The utilities provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.20). The firm had revenue of $725.00 million for the quarter, compared to analysts’ expectations of $740.21 million. Portland General Electric had a return on equity of 7.21% and a net margin of 7.80%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 earnings per share. As a group, equities research analysts expect that Portland General Electric will post 3.07 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 22nd were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date was Thursday, March 21st. Portland General Electric’s payout ratio is currently 81.55%.

Portland General Electric Company Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.