Deutsche Bank AG Increases Stock Holdings in Portland General Electric (NYSE:POR)

Deutsche Bank AG grew its position in Portland General Electric (NYSE:POR - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,460 shares of the utilities provider's stock after buying an additional 28,764 shares during the quarter. Deutsche Bank AG owned 0.21% of Portland General Electric worth $9,791,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. DC Investments Management LLC increased its position in shares of Portland General Electric by 47.6% in the fourth quarter. DC Investments Management LLC now owns 53,002 shares of the utilities provider's stock valued at $2,312,000 after buying an additional 17,093 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Portland General Electric during the fourth quarter valued at $302,000. Brevan Howard Capital Management LP boosted its stake in shares of Portland General Electric by 88.2% during the fourth quarter. Brevan Howard Capital Management LP now owns 16,929 shares of the utilities provider's stock valued at $738,000 after acquiring an additional 7,936 shares during the last quarter. Bridgefront Capital LLC acquired a new stake in shares of Portland General Electric during the fourth quarter valued at $535,000. Finally, Captrust Financial Advisors boosted its stake in shares of Portland General Electric by 3.2% during the fourth quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock valued at $379,000 after acquiring an additional 269 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on POR. StockNews.com raised Portland General Electric from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Evercore ISI decreased their price objective on Portland General Electric from $51.00 to $48.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company decreased their price objective on Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. BMO Capital Markets started coverage on Portland General Electric in a research note on Tuesday. They issued a "market perform" rating and a $46.00 price target on the stock. Finally, UBS Group raised Portland General Electric from a "neutral" rating to a "buy" rating and raised their price target for the stock from $47.00 to $50.00 in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $45.50.

Portland General Electric Stock Performance

NYSE POR opened at $42.68 on Friday. The firm has a market capitalization of $4.67 billion, a P/E ratio of 14.18, 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. 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 business's 50-day simple moving average is $42.92 and its 200-day simple moving average is $43.73.

Portland General Electric (NYSE:POR - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate 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 for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. Equities analysts predict that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 24th will be paid a $0.525 dividend. This is a positive change from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Tuesday, June 24th. Portland General Electric's payout ratio is currently 73.94%.

Insider Activity

In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total transaction of $56,815.00. Following the sale, the chief financial officer now directly owns 31,960 shares in the company, valued at approximately $1,320,587.20. This trade represents a 4.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Benjamin Felton sold 1,845 shares of the firm's stock in a transaction dated 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 owns 32,646 shares in the company, valued at approximately $1,404,430.92. The trade was a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,795 shares of company stock valued at $159,946 in the last three months. Corporate insiders own 0.40% of the company's stock.

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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