Empowered Funds LLC Has $8.95 Million Stake in 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 grew its position in Portland General Electric Company (NYSE:POR - Free Report) by 474.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,595 shares of the utilities provider's stock after acquiring an additional 165,679 shares during the period. Empowered Funds LLC owned 0.18% of Portland General Electric worth $8,947,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of POR. Vanguard Group Inc. raised its position in Portland General Electric by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider's stock worth $556,266,000 after purchasing an additional 559,201 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Portland General Electric by 22.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,864,352 shares of the utilities provider's stock valued at $216,950,000 after acquiring an additional 904,692 shares during the last quarter. ATLAS Infrastructure Partners UK Ltd. raised its position in shares of Portland General Electric by 164.5% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,400,635 shares of the utilities provider's stock valued at $196,268,000 after acquiring an additional 2,736,811 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Portland General Electric by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,878,528 shares of the utilities provider's stock valued at $128,382,000 after acquiring an additional 366,640 shares during the last quarter. Finally, Zimmer Partners LP raised its position in shares of Portland General Electric by 25.2% during the 4th quarter. Zimmer Partners LP now owns 2,306,227 shares of the utilities provider's stock valued at $100,598,000 after acquiring an additional 463,685 shares during the last quarter.

Portland General Electric Stock Performance

NYSE:POR traded up $0.08 during mid-day trading on Friday, hitting $42.56. The stock had a trading volume of 972,417 shares, compared to its average volume of 1,057,660. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $49.85. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 3.88 and a beta of 0.63. The company's 50 day simple moving average is $41.82 and its 200 day simple moving average is $42.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.84 and a current ratio of 0.97.

Portland General Electric (NYSE:POR - Get Free Report) last issued its earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The business had revenue of $807.00 million during the quarter, compared to the consensus estimate of $797.97 million. During the same period last year, the business posted $0.69 EPS. Portland General Electric'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 research analysts forecast that Portland General Electric Company will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

The business also recently disclosed 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 is Thursday, September 25th. This represents a $2.10 annualized dividend and a yield of 4.9%. Portland General Electric's dividend payout ratio (DPR) is 77.49%.

Wall Street Analyst Weigh In

POR has been the subject of several recent research reports. Zacks Research upgraded shares of Portland General Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Barclays lowered their price objective on shares of 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Portland General Electric from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Portland General Electric currently has an average rating of "Hold" and an average target price of $45.40.

Insiders Place Their Bets

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $41.35, for a total transaction of $107,634.05. Following the completion of the sale, the chief financial officer directly owned 27,089 shares in the company, valued at $1,120,130.15. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael A. Lewis sold 1,937 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 13,509 shares of the company's stock, valued at $541,710.90. This trade represents a 12.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,436 shares of company stock worth $988,388 over the last three months. Insiders own 0.40% of the company's stock.

Portland General Electric 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.