Portland General Electric Company $POR is ATLAS Infrastructure Partners UK Ltd.'s 5th Largest Position

Key Points

• ATLAS Infrastructure Partners UK Ltd. increased its stake in Portland General Electric by 164.5% during the 1st quarter, now owning 4.4 million shares worth approximately $196 million.
• Portland General Electric's quarterly earnings surpassed analysts' expectations, reporting $0.66 EPS and revenue of $807 million, indicating a 6.5% increase in revenue year-over-year.
• The company has announced a $0.525 quarterly dividend, resulting in an annualized yield of 5.0%, with the payout date set for October 15th.

ATLAS Infrastructure Partners UK Ltd. increased its position in shares of Portland General Electric Company (NYSE:POR - Free Report) by 164.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,400,635 shares of the utilities provider's stock after buying an additional 2,736,811 shares during the period. Portland General Electric accounts for approximately 13.8% of ATLAS Infrastructure Partners UK Ltd.'s investment portfolio, making the stock its 5th biggest position. ATLAS Infrastructure Partners UK Ltd. owned approximately 4.02% of Portland General Electric worth $196,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of POR. Private Trust Co. NA grew its position in Portland General Electric by 62.6% in the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 244 shares during the last quarter. Menard Financial Group LLC grew its holdings in shares of Portland General Electric by 4.6% during the first quarter. Menard Financial Group LLC now owns 5,905 shares of the utilities provider's stock worth $251,000 after purchasing an additional 257 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Portland General Electric by 3.2% in 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. Private Advisor Group LLC boosted its holdings in Portland General Electric by 1.6% in the first quarter. Private Advisor Group LLC now owns 17,986 shares of the utilities provider's stock valued at $802,000 after acquiring an additional 279 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in Portland General Electric by 25.3% in the first quarter. Hexagon Capital Partners LLC now owns 1,443 shares of the utilities provider's stock valued at $64,000 after buying an additional 291 shares during the period.

Insiders Place Their Bets

In other Portland General Electric news, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction on Monday, July 21st. The stock was sold at an average price of $40.10, for a total transaction of $77,673.70. Following the completion of the transaction, the director owned 13,509 shares in the company, valued at approximately $541,710.90. The trade was a 12.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $41.35, for a total value of $107,634.05. Following the completion of the transaction, the chief financial officer owned 27,089 shares of the company's stock, valued at $1,120,130.15. This represents a 8.77% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Portland General Electric Trading Down 1.2%

Shares of POR stock traded down $0.50 during trading hours on Monday, reaching $42.31. The company's stock had a trading volume of 329,147 shares, compared to its average volume of 1,167,194. The stock has a market capitalization of $4.64 billion, a P/E ratio of 15.60, a P/E/G ratio of 3.91 and a beta of 0.63. Portland General Electric Company has a one year low of $39.54 and a one year high of $49.85. The firm's fifty day simple moving average is $41.69 and its 200 day simple moving average is $42.29. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28.

Portland General Electric (NYSE:POR - Get Free Report) last released its earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The company had revenue of $807.00 million during the quarter, compared to analysts' expectations of $797.97 million. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Equities research analysts expect that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, September 25th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Thursday, September 25th. Portland General Electric's dividend payout ratio (DPR) is presently 77.49%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Barclays lowered their price target on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 22nd. BMO Capital Markets initiated coverage on Portland General Electric in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price objective for the company. KeyCorp downgraded Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 price target for the company. in a research note on Wednesday, May 14th. Finally, Zacks Research raised Portland General Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $45.40.

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.