Universal Beteiligungs und Servicegesellschaft mbH Takes $6.45 Million Position in Portland General Electric (NYSE:POR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Portland General Electric (NYSE:POR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 147,884 shares of the utilities provider's stock, valued at approximately $6,451,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Portland General Electric at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new position in shares of Portland General Electric in the 4th quarter valued at about $27,000. Newbridge Financial Services Group Inc. acquired a new stake in Portland General Electric during the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. raised its position in 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 valued at $36,000 after acquiring an additional 769 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Portland General Electric during the fourth quarter valued at approximately $52,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Portland General Electric by 352.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the utilities provider's stock valued at $61,000 after acquiring an additional 1,096 shares during the period.

Insider Activity

In related news, EVP Benjamin Felton sold 1,845 shares of Portland General Electric stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total transaction of $79,371.90. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

POR has been the topic of a number of analyst reports. BMO Capital Markets started coverage on shares of Portland General Electric in a research note on Tuesday, May 13th. They set a "market perform" rating and a $46.00 price objective on the stock. LADENBURG THALM/SH SH downgraded shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective for the company. in a research report on Tuesday, February 18th. JPMorgan Chase & Co. dropped their target price on Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. Wall Street Zen upgraded Portland General Electric from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Barclays reduced their price target on Portland General Electric from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Portland General Electric has an average rating of "Hold" and an average target price of $45.60.

Portland General Electric Price Performance

Shares of POR traded down $0.81 during trading hours on Wednesday, hitting $41.26. 1,156,464 shares of the stock were exchanged, compared to its average volume of 1,035,253. The stock's 50-day moving average price is $42.46 and its two-hundred day moving average price is $43.33. 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 company has a market cap of $4.52 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57. Portland General Electric has a 12-month low of $40.05 and a 12-month high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last issued its earnings results on Friday, April 25th. The utilities provider reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.02). The business 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%. Portland General Electric's quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $1.21 earnings per share. Research analysts expect that Portland General Electric will post 3.21 earnings per share 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 issued a dividend of $0.525 per share. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Tuesday, June 24th. Portland General Electric's payout ratio is currently 73.94%.

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.