Portland General Electric (NYSE:POR) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its position in Portland General Electric (NYSE:POR) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,226 shares of the utilities provider’s stock after acquiring an additional 3,024 shares during the period. Retirement Systems of Alabama owned 0.12% of Portland General Electric worth $5,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Portland General Electric during the third quarter worth about $25,000. Allworth Financial LP lifted its stake in Portland General Electric by 74.4% in the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after buying an additional 265 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Portland General Electric by 151.0% in the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 450 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of Portland General Electric during the fourth quarter worth $71,000. Finally, International Assets Investment Management LLC lifted its stake in Portland General Electric by 4,690.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,012 shares of the utilities provider’s stock worth $96,000 after purchasing an additional 1,970 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on POR. JPMorgan Chase & Co. boosted their price target on shares of Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group reaffirmed a “neutral” rating and issued a $47.00 price objective (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Jefferies Financial Group decreased their target price on Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. Barclays dropped their target price on Portland General Electric from $48.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, January 27th. Finally, KeyCorp cut their target price on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.38.

Portland General Electric Trading Down 1.0 %

POR opened at $40.92 on Monday. Portland General Electric has a 52 week low of $39.13 and a 52 week high of $49.85. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.28. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.05 and a beta of 0.61. The business’s 50 day moving average is $43.08 and its two-hundred day moving average is $45.93.

Portland General Electric Company Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.