Charles Schwab Investment Management Inc. Boosts Holdings in Portland General Electric Company $POR

Key Points

• Charles Schwab Investment Management Inc. acquired an additional 60,625 shares of Portland General Electric Company (NYSE:POR), increasing its holdings by 4.6% to a total of 1,373,907 shares valued at approximately $61.3 million.
• Several institutional investors have also increased their stakes in Portland General Electric, with Barclays PLC upping its holdings by 50.9% in the fourth quarter, now owning over 314,000 shares worth around $13.7 million.
• The company recently announced a quarterly dividend of $0.525 per share, with a dividend yield of 5.0%, and a payout ratio of 77.49%.

Charles Schwab Investment Management Inc. lifted its stake in Portland General Electric Company (NYSE:POR - Free Report) by 4.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,373,907 shares of the utilities provider's stock after buying an additional 60,625 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.25% of Portland General Electric worth $61,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. True Wealth Design LLC acquired a new stake in Portland General Electric during the fourth quarter valued at approximately $27,000. Wayfinding Financial LLC acquired a new stake in Portland General Electric in the 1st quarter valued at approximately $27,000. Private Trust Co. NA increased its position in Portland General Electric by 62.6% in the 1st 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 period. Global X Japan Co. Ltd. boosted its stake in Portland General Electric by 113.1% during the 1st quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 345 shares in the last quarter. Finally, Costello Asset Management INC bought a new position in Portland General Electric during the 1st quarter valued at $46,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BMO Capital Markets initiated coverage on Portland General Electric in a research note on Tuesday, May 13th. They set a "market perform" rating and a $46.00 price objective for the company. Evercore ISI reduced their price target on 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. JPMorgan Chase & Co. dropped their price objective 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. Wells Fargo & Company cut their price objective on Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Finally, Barclays lowered their price target on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Portland General Electric presently has an average rating of "Hold" and a consensus price target of $45.40.

Insiders Place Their Bets

In related news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $41.35, for a total value of $107,634.05. Following the sale, the chief financial officer owned 27,089 shares in the company, valued at $1,120,130.15. This represents a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael A. Lewis sold 1,937 shares of the company's stock in a transaction dated 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 sale, the director directly owned 13,509 shares of the company's stock, valued at $541,710.90. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Portland General Electric Stock Up 1.6%

Shares of NYSE POR traded up $0.65 during mid-day trading on Tuesday, hitting $42.58. The company had a trading volume of 497,192 shares, compared to its average volume of 1,174,083. Portland General Electric Company has a one year low of $39.54 and a one year high of $49.85. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $4.67 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 3.88 and a beta of 0.55. The firm has a 50-day simple moving average of $41.11 and a two-hundred day simple moving average of $42.21.

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

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, September 25th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 dividend on an annualized basis and a yield of 4.9%. Portland General Electric's dividend payout ratio is 77.49%.

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.