HITE Hedge Asset Management LLC Decreases Stock Holdings in Portland General Electric Company $POR

HITE Hedge Asset Management LLC lessened its holdings in shares of Portland General Electric Company (NYSE:POR) by 2.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,078,486 shares of the utilities provider’s stock after selling 54,305 shares during the quarter. Portland General Electric comprises approximately 5.0% of HITE Hedge Asset Management LLC’s portfolio, making the stock its 4th biggest holding. HITE Hedge Asset Management LLC’s holdings in Portland General Electric were worth $91,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Root Financial Partners LLC purchased a new stake in shares of Portland General Electric in the 3rd quarter worth $27,000. Bell Investment Advisors Inc raised its holdings in Portland General Electric by 80.6% in the 2nd quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 370 shares during the period. Clearstead Advisors LLC lifted its position in Portland General Electric by 206.8% during the third quarter. Clearstead Advisors LLC now owns 856 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 577 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Portland General Electric during the second quarter valued at about $51,000. Finally, Smartleaf Asset Management LLC grew its holdings in Portland General Electric by 35.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 323 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on POR shares. Loop Capital set a $48.00 price objective on Portland General Electric in a research note on Tuesday, December 30th. UBS Group boosted their price objective on Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. BTIG Research reissued a “buy” rating and issued a $58.00 target price on shares of Portland General Electric in a report on Friday, January 30th. JPMorgan Chase & Co. raised their target price on shares of 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, BMO Capital Markets reaffirmed a “market perform” rating and set a $55.00 price target on shares of Portland General Electric in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Portland General Electric has an average rating of “Hold” and a consensus price target of $50.17.

Insider Activity at Portland General Electric

In other news, EVP Benjamin Felton sold 4,969 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $53.56, for a total value of $266,139.64. Following the transaction, the executive vice president owned 41,081 shares of the company’s stock, valued at approximately $2,200,298.36. The trade was a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Portland General Electric Stock Performance

NYSE:POR opened at $52.66 on Friday. The stock has a 50-day moving average price of $51.18 and a 200 day moving average price of $47.78. The stock has a market capitalization of $6.09 billion, a P/E ratio of 19.01, a P/E/G ratio of 2.95 and a beta of 0.66. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $54.39. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19.

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

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 23rd will be given a dividend of $0.525 per share. The ex-dividend date is Monday, March 23rd. This represents a $2.10 annualized dividend and a dividend yield of 4.0%. Portland General Electric’s dividend payout ratio (DPR) is presently 75.81%.

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.