Nomura Holdings Inc. Buys Shares of 13,967 Portland General Electric (NYSE:POR)

Nomura Holdings Inc. bought a new position in Portland General Electric (NYSE:POR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 13,967 shares of the utilities provider's stock, valued at approximately $609,000.

Several other hedge funds also recently bought and sold shares of POR. Synergy Asset Management LLC increased its position in shares of Portland General Electric by 260.6% during the fourth quarter. Synergy Asset Management LLC now owns 114,496 shares of the utilities provider's stock worth $5,096,000 after acquiring an additional 82,743 shares in the last quarter. Blair William & Co. IL increased its position in shares of Portland General Electric by 13.2% during the fourth quarter. Blair William & Co. IL now owns 5,925 shares of the utilities provider's stock worth $258,000 after acquiring an additional 692 shares in the last quarter. American Century Companies Inc. increased its position in shares of Portland General Electric by 3.7% during the fourth quarter. American Century Companies Inc. now owns 141,367 shares of the utilities provider's stock worth $6,166,000 after acquiring an additional 5,084 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Portland General Electric by 1.3% during the fourth quarter. Natixis Advisors LLC now owns 322,686 shares of the utilities provider's stock worth $14,076,000 after acquiring an additional 4,195 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Portland General Electric by 11.6% during the fourth quarter. Van ECK Associates Corp now owns 93,330 shares of the utilities provider's stock worth $4,071,000 after acquiring an additional 9,715 shares in the last quarter.

Portland General Electric Stock Performance

Shares of POR traded up $0.23 during midday trading on Friday, reaching $41.97. The stock had a trading volume of 1,190,746 shares, compared to its average volume of 1,024,257. The firm has a 50 day simple moving average of $42.70 and a 200-day simple moving average of $43.58. Portland General Electric has a one year low of $40.05 and a one year high of $49.85. The firm has a market cap of $4.60 billion, a PE ratio of 13.94, a P/E/G ratio of 1.11 and a beta of 0.57. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 EPS 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 firm had revenue of $928.00 million during the quarter, compared to the consensus estimate of $977.02 million. During the same period last year, the business earned $1.21 EPS. The business's revenue was down .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 24th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Tuesday, June 24th. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. Portland General Electric's dividend payout ratio (DPR) is currently 73.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on POR shares. Jefferies Financial Group decreased their target price on shares of Portland General Electric from $47.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. JPMorgan Chase & Co. decreased their target price on shares of Portland General Electric from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Wall Street Zen raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. LADENBURG THALM/SH SH downgraded shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 target price for the company. in a research report on Tuesday, February 18th. Finally, Evercore ISI decreased their target price on shares of Portland General Electric from $51.00 to $48.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $45.60.

Insider Transactions at Portland General Electric

In other news, 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 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 approximately $1,404,430.92. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.