Portland General Electric Company (NYSE:POR) Short Interest Update

Portland General Electric Company (NYSE:POR) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 3,552,694 shares, a growth of 22.8% from the February 26th total of 2,893,929 shares. Based on an average daily trading volume, of 1,403,551 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.1% of the shares of the company are sold short.

Insider Activity

In related news, EVP Benjamin Felton sold 4,969 shares of the firm’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 directly owned 41,081 shares in the company, valued at approximately $2,200,298.36. This trade represents a 10.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Portland General Electric in the 4th quarter valued at $25,000. Private Trust Co. NA boosted its position in shares of Portland General Electric by 76.4% during the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 239 shares in the last quarter. Root Financial Partners LLC bought a new stake in Portland General Electric in the third quarter valued at about $27,000. Johnson Financial Group Inc. acquired a new position in Portland General Electric in the third quarter worth about $27,000. Finally, Rothschild Investment LLC raised its position in Portland General Electric by 112.9% in the fourth quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 324 shares in the last quarter.

Portland General Electric Stock Performance

Shares of NYSE:POR traded up $0.91 on Monday, hitting $52.62. 1,348,219 shares of the company were exchanged, compared to its average volume of 1,380,855. The company’s 50 day moving average price is $51.95 and its two-hundred day moving average price is $48.67. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.93 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 has a one year low of $39.54 and a one year high of $54.39.

Portland General Electric (NYSE:POR) last released its earnings results on Tuesday, February 17th. The utilities provider reported $0.47 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $889.00 million during the quarter, compared to the consensus estimate of $892.31 million. During the same quarter in the previous year, the business posted $0.36 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Research analysts expect that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 4.0%. Portland General Electric’s payout ratio is currently 75.81%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on POR. UBS Group upped their price target on shares of Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. boosted their price objective on Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Wells Fargo & Company increased 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. Loop Capital set a $48.00 price target on Portland General Electric in a research report on Tuesday, December 30th. Finally, Weiss Ratings lowered Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, February 17th. Two investment 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 company has a consensus rating of “Hold” and a consensus target price of $50.17.

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.