Natixis Advisors LLC Has $14.08 Million Holdings in Portland General Electric (NYSE:POR)

Natixis Advisors LLC increased its holdings in Portland General Electric (NYSE:POR) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 322,686 shares of the utilities provider’s stock after buying an additional 4,195 shares during the period. Natixis Advisors LLC’s holdings in Portland General Electric were worth $14,076,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC raised its holdings in Portland General Electric by 27.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,991 shares of the utilities provider’s stock valued at $335,000 after acquiring an additional 1,486 shares in the last quarter. Swiss National Bank lifted its stake in Portland General Electric by 1.0% during the third quarter. Swiss National Bank now owns 201,200 shares of the utilities provider’s stock worth $9,637,000 after purchasing an additional 2,000 shares during the last quarter. Quest Partners LLC increased its stake in shares of Portland General Electric by 821.4% in the 3rd quarter. Quest Partners LLC now owns 8,551 shares of the utilities provider’s stock valued at $410,000 after purchasing an additional 7,623 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Portland General Electric by 12.2% during the 3rd quarter. Pathstone Holdings LLC now owns 29,632 shares of the utilities provider’s stock worth $1,421,000 after buying an additional 3,232 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Portland General Electric during the 3rd quarter worth $1,539,000.

Portland General Electric Price Performance

Portland General Electric stock opened at $44.29 on Thursday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. The firm has a market cap of $4.85 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.11 and a beta of 0.55. The stock’s 50 day moving average is $42.71 and its 200 day moving average is $45.27. Portland General Electric has a one year low of $40.05 and a one year high of $49.85.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $716.17 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. During the same quarter in the previous year, the business posted $0.67 EPS. As a group, research analysts expect that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.52%. Portland General Electric’s dividend payout ratio is presently 66.45%.

Analyst Ratings Changes

Several analysts recently weighed in on POR shares. KeyCorp reduced their price objective on Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. LADENBURG THALM/SH SH lowered shares of Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Tuesday, February 18th. 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 report on Friday, January 3rd. Barclays upped their price target on shares of Portland General Electric from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Finally, Bank of America reduced their price objective 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $47.00.

Insider Activity at Portland General Electric

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total value of $56,815.00. Following the completion of the sale, the chief financial officer now owns 31,960 shares of the company’s stock, valued at approximately $1,320,587.20. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.

About Portland General Electric

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.