Dean Capital Management Decreases Stock Holdings in Portland General Electric (NYSE:POR)

Dean Capital Management cut its holdings in Portland General Electric (NYSE:POR - Free Report) by 66.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,152 shares of the utilities provider's stock after selling 30,548 shares during the quarter. Dean Capital Management's holdings in Portland General Electric were worth $661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Portland General Electric in the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. increased its stake in shares of Portland General Electric by 1,538.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider's stock worth $36,000 after purchasing an additional 769 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Portland General Electric during the fourth quarter worth about $52,000. EverSource Wealth Advisors LLC increased its stake in shares of Portland General Electric by 352.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the utilities provider's stock worth $61,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Portland General Electric by 110.4% during the fourth quarter. Quarry LP now owns 1,471 shares of the utilities provider's stock worth $64,000 after purchasing an additional 772 shares in the last quarter.

Portland General Electric Trading Down 2.2%

Shares of NYSE POR traded down $0.94 during mid-day trading on Tuesday, reaching $41.68. 465,726 shares of the company's stock were exchanged, compared to its average volume of 1,020,420. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.11 and a beta of 0.57. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. Portland General Electric has a 52-week low of $40.05 and a 52-week high of $49.85. The company's 50-day moving average is $43.12 and its 200-day moving average is $43.85.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $928.00 million for the quarter, compared to analysts' expectations of $977.02 million. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The business's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $1.21 EPS. Analysts expect that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 24th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 5.04%. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, June 24th. Portland General Electric's dividend payout ratio (DPR) is 73.94%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets assumed coverage on Portland General Electric in a research note on Tuesday. They issued a "market perform" rating and a $46.00 price objective for the company. Barclays reduced their target price on shares of Portland General Electric from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. StockNews.com upgraded shares of Portland General Electric from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Wells Fargo & Company dropped their price objective 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. Finally, UBS Group raised shares of Portland General Electric from a "neutral" rating to a "buy" rating and upped their price objective for the company from $47.00 to $50.00 in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $45.45.

Insider Activity at Portland General Electric

In other Portland General Electric news, 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 value of $79,371.90. Following the completion of the transaction, the executive vice president now owns 32,646 shares of the company's stock, valued at $1,404,430.92. This trade represents a 5.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the firm'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 of the company's stock, valued at $1,320,587.20. This represents a 4.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,795 shares of company stock worth $159,946 in the last three months. 0.40% of the stock is owned by company insiders.

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.