Portland General Electric (NYSE:POR) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in Portland General Electric (NYSE:POR) by 5.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 178,694 shares of the utilities provider’s stock after buying an additional 9,537 shares during the period. Nisa Investment Advisors LLC’s holdings in Portland General Electric were worth $7,884,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in shares of Portland General Electric in the 3rd quarter valued at approximately $25,000. Allworth Financial LP increased its stake in Portland General Electric by 74.4% during the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 265 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Portland General Electric by 151.0% in the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after buying an additional 450 shares during the last quarter. Quarry LP lifted its stake in shares of Portland General Electric by 962.3% during the second quarter. Quarry LP now owns 1,636 shares of the utilities provider’s stock worth $71,000 after buying an additional 1,482 shares during the period. Finally, USA Financial Formulas acquired a new stake in shares of Portland General Electric during the fourth quarter worth $71,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on POR shares. UBS Group restated a “neutral” rating and issued a $47.00 target price (down previously from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. KeyCorp reduced their price objective on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. Bank of America dropped their target price on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research report on Tuesday, December 24th. Barclays reduced their price target on shares of Portland General Electric from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Portland General Electric presently has a consensus rating of “Hold” and a consensus price target of $48.88.

Portland General Electric Trading Down 0.6 %

Portland General Electric stock opened at $41.00 on Friday. The firm has a market cap of $4.32 billion, a PE ratio of 12.24, a P/E/G ratio of 1.08 and a beta of 0.60. Portland General Electric has a 12 month low of $39.13 and a 12 month high of $49.85. The stock’s 50 day simple moving average is $44.53 and its two-hundred day simple moving average is $46.26. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28.

Portland General Electric (NYSE:POR) last posted its earnings results on Friday, October 25th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $882.66 million. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. Analysts anticipate that Portland General Electric will post 3.11 earnings per share for the current year.

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.