Portland General Electric (NYSE:POR) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Portland General Electric (NYSE:POR - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,643,769 shares of the utilities provider's stock after purchasing an additional 59,861 shares during the period. Dimensional Fund Advisors LP owned 1.56% of Portland General Electric worth $71,701,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in Portland General Electric by 114.1% in the third quarter. Franklin Resources Inc. now owns 153,290 shares of the utilities provider's stock valued at $7,289,000 after purchasing an additional 81,701 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of Portland General Electric by 1.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,062,663 shares of the utilities provider's stock valued at $50,902,000 after buying an additional 17,021 shares during the period. Versant Capital Management Inc lifted its position in shares of Portland General Electric by 151.0% during the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider's stock worth $33,000 after purchasing an additional 450 shares in the last quarter. Nordea Investment Management AB boosted its position in Portland General Electric by 2.0% in the 4th quarter. Nordea Investment Management AB now owns 989,379 shares of the utilities provider's stock valued at $43,058,000 after buying an additional 19,057 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its stake in Portland General Electric by 4.9% during the 4th quarter. Oliver Luxxe Assets LLC now owns 101,799 shares of the utilities provider's stock valued at $4,440,000 after purchasing an additional 4,780 shares in the last quarter.

Portland General Electric Price Performance

NYSE POR traded up $0.24 on Friday, reaching $41.80. The company's stock had a trading volume of 648,576 shares, compared to its average volume of 1,029,684. Portland General Electric has a twelve month low of $40.05 and a twelve month high of $49.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. The firm's 50 day moving average is $43.36 and its two-hundred day moving average is $44.13. The stock has a market cap of $4.58 billion, a PE ratio of 13.89, a PEG ratio of 1.11 and a beta of 0.49.

Portland General Electric (NYSE:POR - Get Free Report) last issued 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 return on equity of 9.10% and a net margin of 9.13%. The business had revenue of $928.00 million for the quarter, compared to the consensus estimate of $977.02 million. During the same quarter in the previous year, the business posted $1.21 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, sell-side analysts predict that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Increases Dividend

The business 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. This represents a $2.10 annualized dividend and a yield of 5.02%. The ex-dividend date is Tuesday, June 24th. This is an increase from Portland General Electric's previous quarterly dividend of $0.50. Portland General Electric's payout ratio is presently 73.94%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. LADENBURG THALM/SH SH cut Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective on the stock. in a research note on Tuesday, February 18th. 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 cut their price target on Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Barclays decreased their price objective on Portland General Electric from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Evercore ISI cut their target price 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $45.10.

Insider Buying and Selling at Portland General Electric

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the stock in a transaction on 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 sale, 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 transaction 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 dated Thursday, April 17th. The stock was 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 of the company's stock, valued at $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. Over the last ninety days, insiders sold 3,795 shares of company stock valued at $159,946. 0.40% of the stock is currently owned by corporate insiders.

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.