WINTON GROUP Ltd Purchases 11,820 Shares of Portland General Electric Company $POR

WINTON GROUP Ltd lifted its position in Portland General Electric Company (NYSE:POR) by 85.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,728 shares of the utilities provider’s stock after buying an additional 11,820 shares during the period. WINTON GROUP Ltd’s holdings in Portland General Electric were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of POR. Campbell & CO Investment Adviser LLC increased its position in shares of Portland General Electric by 38.8% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 44,777 shares of the utilities provider’s stock valued at $1,819,000 after purchasing an additional 12,518 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Portland General Electric in the second quarter worth approximately $376,000. Envestnet Asset Management Inc. grew its position in Portland General Electric by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 513,398 shares of the utilities provider’s stock valued at $20,859,000 after buying an additional 26,753 shares during the period. Eastern Bank purchased a new stake in Portland General Electric during the second quarter valued at approximately $65,000. Finally, Intech Investment Management LLC raised its position in Portland General Electric by 20.9% in the second quarter. Intech Investment Management LLC now owns 66,348 shares of the utilities provider’s stock worth $2,696,000 after acquiring an additional 11,478 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on POR shares. Jefferies Financial Group boosted their price objective on shares of Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Barclays upped their price target on Portland General Electric from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. BTIG Research raised Portland General Electric to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Portland General Electric in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.00.

Portland General Electric Trading Down 0.7%

Shares of POR stock opened at $47.87 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.95 and a current ratio of 1.08. The stock has a fifty day simple moving average of $47.13 and a two-hundred day simple moving average of $43.63. The firm has a market capitalization of $5.38 billion, a PE ratio of 17.41, a PEG ratio of 4.42 and a beta of 0.67. Portland General Electric Company has a 52-week low of $39.54 and a 52-week high of $51.14.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Thursday, October 30th. The utilities provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. Portland General Electric had a return on equity of 8.32% and a net margin of 8.63%.The business had revenue of $952.00 million for the quarter, compared to the consensus estimate of $975.64 million. During the same period in the previous year, the business earned $0.90 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. On average, analysts predict that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 4.4%. The ex-dividend date is Monday, December 22nd. Portland General Electric’s dividend payout ratio is presently 76.36%.

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.