Empowered Funds LLC Acquires 165,679 Shares of Portland General Electric Company $POR

Key Points

• Empowered Funds LLC increased its holdings in Portland General Electric Company by **474.5%**, owning about **200,595 shares** valued at approximately **$8.95 million** as of the latest reporting period.
• Portland General Electric's stock has received mixed ratings from analysts, with a **consensus rating of "Hold"** and a target price of approximately **$45.40** following recent downgrades.
• The company declared a quarterly dividend of **$0.525 per share**, translating to a **5.0% yield**, which will be paid to shareholders of record on **September 25th**.

Empowered Funds LLC raised its holdings in shares of Portland General Electric Company (NYSE:POR - Free Report) by 474.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,595 shares of the utilities provider's stock after acquiring an additional 165,679 shares during the period. Empowered Funds LLC owned approximately 0.18% of Portland General Electric worth $8,947,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in Portland General Electric in the 1st quarter worth $27,000. Private Trust Co. NA lifted its position in shares of Portland General Electric by 62.6% during the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock worth $28,000 after purchasing an additional 244 shares in the last quarter. Global X Japan Co. Ltd. lifted its position in shares of Portland General Electric by 113.1% during the first quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock worth $29,000 after purchasing an additional 345 shares in the last quarter. Costello Asset Management INC acquired a new stake in Portland General Electric in the first quarter valued at approximately $46,000. Finally, Hexagon Capital Partners LLC raised its holdings 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 acquiring an additional 291 shares in the last quarter.

Insider Transactions at Portland General Electric

In other news, 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 transaction 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 approximately $1,120,130.15. The trade was a 8.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Maria M. Pope sold 18,896 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total value of $803,080.00. Following the completion of the sale, the chief executive officer owned 194,135 shares in the company, valued at $8,250,737.50. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,436 shares of company stock valued at $988,388. Corporate insiders own 0.40% of the company's stock.

Portland General Electric Price Performance

POR traded up $0.01 during trading on Monday, hitting $42.58. The company's stock had a trading volume of 205,196 shares, compared to its average volume of 1,166,347. The firm's 50 day moving average price is $41.82 and its two-hundred day moving average price is $42.22. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 3.89 and a beta of 0.63. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $49.85. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 1.28.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 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 business had revenue of $807.00 million during the quarter, compared to analysts' expectations of $797.97 million. During the same period in the previous year, the firm earned $0.69 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Sell-side analysts forecast that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 currently 77.49%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on POR shares. JPMorgan Chase & Co. lowered their price objective on shares of 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. Barclays decreased their price target on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, July 22nd. Finally, Zacks Research raised Portland General Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $45.40.

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.