Portland General Electric (NYSE:POR) Stock Position Raised by Synergy Asset Management LLC

Synergy Asset Management LLC boosted its position in shares of Portland General Electric (NYSE:POR) by 260.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 114,496 shares of the utilities provider’s stock after purchasing an additional 82,743 shares during the period. Synergy Asset Management LLC’s holdings in Portland General Electric were worth $5,096,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in Portland General Electric by 27.1% during the second quarter. Bank of Montreal Can now owns 18,680 shares of the utilities provider’s stock valued at $809,000 after buying an additional 3,988 shares during the period. Squarepoint Ops LLC increased its holdings in shares of Portland General Electric by 33.8% in the 2nd quarter. Squarepoint Ops LLC now owns 60,325 shares of the utilities provider’s stock valued at $2,608,000 after purchasing an additional 15,241 shares during the period. AXA S.A. lifted its position in shares of Portland General Electric by 85.8% in the second quarter. AXA S.A. now owns 17,753 shares of the utilities provider’s stock worth $768,000 after purchasing an additional 8,200 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Portland General Electric by 465.4% during the second quarter. AQR Capital Management LLC now owns 88,436 shares of the utilities provider’s stock worth $3,812,000 after purchasing an additional 72,795 shares during the period. Finally, Millennium Management LLC grew its position in Portland General Electric by 6.4% during the second quarter. Millennium Management LLC now owns 365,503 shares of the utilities provider’s stock valued at $15,804,000 after purchasing an additional 22,081 shares in the last quarter.

Analyst Ratings Changes

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

Portland General Electric Stock Down 1.0 %

Shares of POR stock opened at $41.30 on Thursday. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.05 and a beta of 0.60. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98. The stock’s 50 day simple moving average is $44.02 and its 200 day simple moving average is $46.19. Portland General Electric has a twelve month low of $39.13 and a twelve month high of $49.85.

About Portland General Electric

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.