40,400 Shares in Portland General Electric Company $POR Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in shares of Portland General Electric Company (NYSE:POR) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,400 shares of the utilities provider’s stock, valued at approximately $2,132,000.

Other large investors also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its stake in shares of Portland General Electric by 1,342.7% during the 4th quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock worth $222,824,000 after purchasing an additional 4,321,305 shares during the last quarter. Norges Bank acquired a new stake in shares of Portland General Electric in the 4th quarter valued at $56,497,000. AQR Capital Management LLC lifted its stake in shares of Portland General Electric by 42.2% in the 4th quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock valued at $170,448,000 after purchasing an additional 1,054,450 shares during the last quarter. UBS Group AG lifted its stake in shares of Portland General Electric by 514.3% in the 4th quarter. UBS Group AG now owns 883,162 shares of the utilities provider’s stock valued at $42,383,000 after purchasing an additional 739,404 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Portland General Electric by 99.4% in the third quarter. Millennium Management LLC now owns 1,385,777 shares of the utilities provider’s stock worth $60,974,000 after purchasing an additional 690,743 shares in the last quarter.

Portland General Electric Trading Down 2.1%

Shares of POR stock opened at $48.02 on Tuesday. Portland General Electric Company has a 1 year low of $41.80 and a 1 year high of $54.62. The firm’s fifty day simple moving average is $51.09 and its 200 day simple moving average is $51.33. The firm has a market capitalization of $5.65 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.52. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $839.75 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. As a group, sell-side analysts predict that Portland General Electric Company will post 3.4 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be given a dividend of $0.5513 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.21 dividend on an annualized basis and a yield of 4.6%. Portland General Electric’s dividend payout ratio (DPR) is 96.92%.

Analysts Set New Price Targets

POR has been the topic of several analyst reports. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. BMO Capital Markets set a $52.00 price target on Portland General Electric in a research report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price target on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company set a $51.00 price objective on Portland General Electric in a report on Tuesday, April 21st. Finally, Weiss Ratings raised Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.70.

Insiders Place Their Bets

In other Portland General Electric news, Director Michael A. Lewis sold 1,537 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $51.83, for a total value of $79,662.71. Following the completion of the sale, the director owned 15,045 shares in the company, valued at approximately $779,782.35. This trade represents a 9.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.52% of the stock is currently owned by company insiders.

About Portland General Electric

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.