Jefferies Financial Group Inc. Purchases Shares of 17,188 Portland General Electric Company $POR

Jefferies Financial Group Inc. purchased a new position in Portland General Electric Company (NYSE:POR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,188 shares of the utilities provider’s stock, valued at approximately $756,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC lifted its stake in shares of Portland General Electric by 3.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,309 shares of the utilities provider’s stock valued at $366,000 after buying an additional 248 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in Portland General Electric by 0.8% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 38,563 shares of the utilities provider’s stock worth $1,697,000 after buying an additional 302 shares during the period. Smartleaf Asset Management LLC increased its stake in Portland General Electric by 35.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock worth $54,000 after buying an additional 323 shares in the last quarter. State of Wyoming increased its stake in Portland General Electric by 2.3% in the 3rd quarter. State of Wyoming now owns 15,210 shares of the utilities provider’s stock worth $669,000 after buying an additional 345 shares in the last quarter. Finally, California State Teachers Retirement System raised its holdings in Portland General Electric by 0.4% during the second quarter. California State Teachers Retirement System now owns 101,342 shares of the utilities provider’s stock valued at $4,118,000 after acquiring an additional 361 shares during the period.

Wall Street Analysts Forecast Growth

POR has been the topic of several research analyst reports. BTIG Research restated a “buy” rating and issued a $58.00 price objective on shares of Portland General Electric in a research report on Friday, January 30th. Wells Fargo & Company lifted their target price on Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 20th. LADENBURG THALM/SH SH reissued a “sell” rating and issued a $43.00 price target on shares of Portland General Electric in a report on Thursday, December 4th. JPMorgan Chase & Co. upped their price target on Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Weiss Ratings lowered shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $50.17.

Portland General Electric Trading Up 1.1%

POR stock opened at $52.66 on Friday. The firm has a fifty day moving average price of $51.18 and a 200 day moving average price of $47.78. Portland General Electric Company has a fifty-two week low of $39.54 and a fifty-two week high of $54.39. The firm has a market cap of $6.09 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.95 and a beta of 0.66. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.08.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Tuesday, February 17th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.12). Portland General Electric had a net margin of 8.56% and a return on equity of 8.52%. The business had revenue of $889.00 million for the quarter, compared to analysts’ expectations of $892.31 million. During the same period in the previous year, the company earned $0.36 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Sell-side analysts anticipate that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 23rd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.0%. Portland General Electric’s dividend payout ratio (DPR) is presently 75.81%.

Insider Activity at Portland General Electric

In related news, EVP Benjamin Felton sold 4,969 shares of Portland General Electric stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $53.56, for a total value of $266,139.64. Following the completion of the transaction, the executive vice president owned 41,081 shares in the company, valued at approximately $2,200,298.36. This trade represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Portland General Electric 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.