Keudell Morrison Wealth Management Purchases New Shares in Portland General Electric Company $POR

Keudell Morrison Wealth Management purchased a new position in shares of Portland General Electric Company (NYSE:POR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,678 shares of the utilities provider’s stock, valued at approximately $608,000.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Portland General Electric during the fourth quarter worth approximately $25,000. Private Trust Co. NA increased its holdings in shares of Portland General Electric by 76.4% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares in the last quarter. Root Financial Partners LLC bought a new position in Portland General Electric in the 3rd quarter worth approximately $27,000. Johnson Financial Group Inc. acquired a new position in Portland General Electric during the 3rd quarter worth $27,000. Finally, Clearstead Advisors LLC lifted its holdings in Portland General Electric by 206.8% during the 3rd quarter. Clearstead Advisors LLC now owns 856 shares of the utilities provider’s stock worth $38,000 after buying an additional 577 shares in the last quarter.

Portland General Electric Price Performance

Portland General Electric stock opened at $49.65 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $5.75 billion, a P/E ratio of 22.17, a PEG ratio of 2.08 and a beta of 0.54. The business has a 50-day moving average of $51.36 and a 200-day moving average of $50.47. Portland General Electric Company has a 1 year low of $39.54 and a 1 year high of $54.62.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The firm had revenue of $879.00 million during the quarter, compared to analyst estimates of $953.24 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, equities analysts anticipate that Portland General Electric Company will post 3.4 EPS for the current year.

Portland General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be issued a $0.5513 dividend. This represents a $2.21 annualized dividend and a yield of 4.4%. This is a boost from Portland General Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Thursday, June 25th. Portland General Electric’s dividend payout ratio (DPR) is 93.75%.

Insider Activity

In other Portland General Electric news, Director Robert N. Hoglund bought 2,000 shares of Portland General Electric stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $48.80 per share, for a total transaction of $97,600.00. Following the completion of the acquisition, the director owned 2,519 shares in the company, valued at approximately $122,927.20. The trade was a 385.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Juan Diego Gallegos sold 2,750 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $48.67, for a total value of $133,842.50. Following the completion of the transaction, the vice president directly owned 12,127 shares of the company’s stock, valued at approximately $590,221.09. The trade was a 18.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 15,219 shares of company stock valued at $767,707. 0.52% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 target price on shares of Portland General Electric in a research note on Thursday, February 19th. Barclays lifted their price objective on Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 17th. BTIG Research restated a “buy” rating and set a $58.00 target price on shares of Portland General Electric in a research report on Friday, January 30th. UBS Group lifted their price target on shares of Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.00.

Portland General Electric Company 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.