DC Investments Management LLC Purchases 17,093 Shares of Portland General Electric (NYSE:POR)

DC Investments Management LLC increased its holdings in shares of Portland General Electric (NYSE:POR - Free Report) by 47.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,002 shares of the utilities provider's stock after buying an additional 17,093 shares during the quarter. Portland General Electric accounts for about 1.5% of DC Investments Management LLC's holdings, making the stock its 19th biggest holding. DC Investments Management LLC owned approximately 0.05% of Portland General Electric worth $2,312,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of POR. Vanguard Group Inc. grew its holdings in shares of Portland General Electric by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 11,913,132 shares of the utilities provider's stock worth $519,651,000 after purchasing an additional 572,531 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Portland General Electric by 19.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,959,660 shares of the utilities provider's stock valued at $172,720,000 after buying an additional 635,987 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Portland General Electric by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,333,393 shares of the utilities provider's stock valued at $145,403,000 after acquiring an additional 93,903 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Portland General Electric by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,491,658 shares of the utilities provider's stock valued at $108,710,000 after acquiring an additional 47,172 shares during the period. Finally, Invesco Ltd. boosted its stake in Portland General Electric by 14.1% during the fourth quarter. Invesco Ltd. now owns 2,200,086 shares of the utilities provider's stock worth $95,968,000 after acquiring an additional 271,540 shares in the last quarter.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on POR shares. Evercore ISI cut their price objective on shares of Portland General Electric from $51.00 to $48.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. UBS Group upgraded Portland General Electric from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $47.00 to $50.00 in a report on Monday. Wells Fargo & Company decreased their price target on shares of Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. StockNews.com raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $44.00 target price (down previously from $50.00) on shares of Portland General Electric in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $45.40.

Portland General Electric Stock Performance

Shares of Portland General Electric stock opened at $42.59 on Thursday. The stock has a fifty day moving average price of $43.24 and a 200-day moving average price of $44.04. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. The firm has a market cap of $4.66 billion, a PE ratio of 14.15, a P/E/G ratio of 1.11 and a beta of 0.57. Portland General Electric has a 1 year low of $40.05 and a 1 year high of $49.85.

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

Portland General Electric Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, June 24th. This is an increase from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 4.93%. Portland General Electric's dividend payout ratio is 73.94%.

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.

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