DC Investments Management LLC Has $2.31 Million Holdings in Portland General Electric (NYSE:POR)

DC Investments Management LLC raised its stake in shares of Portland General Electric (NYSE:POR - Free Report) by 47.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,002 shares of the utilities provider's stock after buying an additional 17,093 shares during the period. Portland General Electric makes up 1.5% of DC Investments Management LLC's portfolio, making the stock its 19th biggest position. DC Investments Management LLC owned about 0.05% of Portland General Electric worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of POR. EP Wealth Advisors LLC purchased a new stake in shares of Portland General Electric in the 4th quarter valued at approximately $302,000. Brevan Howard Capital Management LP raised its stake in shares of Portland General Electric by 88.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 16,929 shares of the utilities provider's stock worth $738,000 after purchasing an additional 7,936 shares in the last quarter. Bridgefront Capital LLC acquired a new stake in shares of Portland General Electric during the 4th quarter valued at about $535,000. Captrust Financial Advisors increased its holdings in Portland General Electric by 3.2% in the fourth quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock worth $379,000 after buying an additional 269 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Portland General Electric in the fourth quarter valued at approximately $3,479,000.

Insiders Place Their Bets

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total transaction of $56,815.00. Following the completion of the transaction, the chief financial officer now directly owns 31,960 shares in the company, valued at $1,320,587.20. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Benjamin Felton sold 1,845 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $43.02, for a total transaction of $79,371.90. Following the completion of the sale, the executive vice president now owns 32,646 shares in the company, valued at $1,404,430.92. This represents a 5.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,795 shares of company stock valued at $159,946 over the last ninety days. 0.40% of the stock is currently owned by company insiders.

Portland General Electric Stock Down 2.0%

Shares of NYSE POR traded down $0.86 during midday trading on Tuesday, reaching $41.76. The company's stock had a trading volume of 584,000 shares, compared to its average volume of 1,020,682. The stock has a 50 day simple moving average of $43.12 and a 200-day simple moving average of $43.85. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.11 and a beta of 0.57.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The utilities provider reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.02). The firm had revenue of $928.00 million during the quarter, compared to analyst estimates of $977.02 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The business's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 EPS. Equities research analysts predict that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be issued a dividend of $0.525 per share. This is an increase from Portland General Electric's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.10 annualized dividend and a yield of 5.03%. Portland General Electric's dividend payout ratio (DPR) is currently 73.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Portland General Electric from $47.00 to $42.00 and set a "hold" rating on the stock in a report on Tuesday, January 28th. LADENBURG THALM/SH SH cut Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 target price for the company. in a report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $44.00 price objective (down previously from $50.00) on shares of Portland General Electric in a report on Thursday, April 10th. BMO Capital Markets initiated coverage on shares of Portland General Electric in a research report on Tuesday. They set a "market perform" rating and a $46.00 price target on the stock. Finally, UBS Group upgraded shares of Portland General Electric from a "neutral" rating to a "buy" rating and upped their target price for the stock from $47.00 to $50.00 in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Portland General Electric presently has a consensus rating of "Hold" and an average price target of $45.45.

Portland General Electric 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.