28,780 Shares in Portland General Electric Company $POR Acquired by Jackson Creek Investment Advisors LLC

Key Points

• Jackson Creek Investment Advisors opened a new position in Portland General Electric, buying 28,780 shares worth about $1.38 million in the fourth quarter.
• Insider activity was mixed: EVP Benjamin Felton sold shares, while Director Robert N. Hoglund bought 2,000 shares, and insiders collectively sold 15,219 shares over the last quarter.
• Portland General Electric recently raised its quarterly dividend to $0.5513 per share, but its latest earnings missed estimates, with EPS of $0.58 versus the expected $0.77 and revenue also below forecasts.

Jackson Creek Investment Advisors LLC acquired a new position in Portland General Electric Company (NYSE:POR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,780 shares of the utilities provider's stock, valued at approximately $1,381,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Portland General Electric by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 13,020,573 shares of the utilities provider's stock worth $624,857,000 after buying an additional 513,517 shares in the last quarter. State Street Corp grew its holdings in Portland General Electric by 2.4% in the 2nd quarter. State Street Corp now owns 4,551,369 shares of the utilities provider's stock worth $187,200,000 after buying an additional 107,717 shares in the last quarter. Invesco Ltd. grew its holdings in Portland General Electric by 4.9% in the 3rd quarter. Invesco Ltd. now owns 2,569,082 shares of the utilities provider's stock worth $113,040,000 after buying an additional 119,122 shares in the last quarter. AQR Capital Management LLC grew its holdings in Portland General Electric by 34.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,497,281 shares of the utilities provider's stock worth $109,381,000 after buying an additional 634,890 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Portland General Electric by 2.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,774,024 shares of the utilities provider's stock worth $78,053,000 after buying an additional 46,035 shares in the last quarter.

Insider Buying and Selling

In other news, EVP Benjamin Felton sold 4,969 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $266,139.64. Following the completion of the sale, the executive vice president owned 41,081 shares in the company, valued at approximately $2,200,298.36. This represents a 10.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert N. Hoglund acquired 2,000 shares of the business's stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $48.80 per share, with a total value of $97,600.00. Following the transaction, the director directly owned 2,519 shares in the company, valued at approximately $122,927.20. The trade was a 385.36% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 15,219 shares of company stock worth $767,707 over the last quarter. 0.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

POR has been the subject of a number of research reports. BTIG Research reaffirmed a "buy" rating and set a $58.00 price target on shares of Portland General Electric in a research note on Friday, January 30th. UBS Group increased their price target on Portland General Electric from $53.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, February 19th. Barclays increased their price target on Portland General Electric from $47.00 to $53.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 17th. BMO Capital Markets reaffirmed a "market perform" rating and set a $55.00 price target on shares of Portland General Electric in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. increased their price target on Portland General Electric from $51.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $51.00.

Portland General Electric Stock Performance

Shares of NYSE POR opened at $51.19 on Thursday. The stock has a fifty day moving average price of $51.14 and a two-hundred day moving average price of $50.55. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.09. The firm has a market cap of $5.92 billion, a P/E ratio of 22.85, a PEG ratio of 2.09 and a beta of 0.54. Portland General Electric Company has a 1 year low of $39.54 and a 1 year high of $54.62.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.19). Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The company had revenue of $879.00 million for the quarter, compared to analyst estimates of $953.24 million. During the same quarter last year, the company posted $0.91 EPS. Portland General Electric's revenue was down 5.3% on a year-over-year basis. Research analysts forecast that Portland General Electric Company will post 3.39 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.5513 per share. This is a boost from Portland General Electric's previous quarterly dividend of $0.53. The ex-dividend date is Thursday, June 25th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.3%. Portland General Electric's payout ratio is currently 93.75%.

Portland General Electric Profile

Portland General Electric NYSE: POR is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon's largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.

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