Fox Run Management L.L.C. Takes Position in Portland General Electric Company $POR

Key Points

• Fox Run Management L.L.C. has acquired 12,687 shares of Portland General Electric Company, valued at approximately $566,000.
• Several institutions, including Vanguard Group Inc. and Brown Advisory Inc., have recently increased their holdings in Portland General Electric, showcasing strong institutional interest.
• Analysts have varying outlooks on Portland General Electric, with a consensus rating of "Hold" and a price target of $45.40, following recent adjustments from firms like Barclays and UBS.

Fox Run Management L.L.C. bought a new position in Portland General Electric Company (NYSE:POR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,687 shares of the utilities provider's stock, valued at approximately $566,000.

A number of other large investors have also recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in Portland General Electric in the fourth quarter worth about $27,000. Wayfinding Financial LLC purchased a new stake in shares of Portland General Electric in the first quarter worth approximately $27,000. Private Trust Co. NA lifted its stake in shares of Portland General Electric by 62.6% during the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock worth $28,000 after acquiring an additional 244 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings 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 acquiring an additional 345 shares during the period. Finally, Costello Asset Management INC bought a new position in Portland General Electric in the 1st quarter valued at $46,000.

Analyst Upgrades and Downgrades

POR has been the subject of several research analyst reports. BMO Capital Markets initiated coverage on Portland General Electric in a research report on Tuesday, May 13th. They set a "market perform" rating and a $46.00 target price for the company. Wall Street Zen upgraded shares of Portland General Electric from a "sell" rating to a "hold" rating in a report on Friday, April 25th. UBS Group raised shares of Portland General Electric from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $47.00 to $50.00 in a research report on Monday, May 5th. Barclays reduced their target price on shares of Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lowered their price target on Portland General Electric from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $45.40.

Portland General Electric Stock Up 2.1%

POR stock traded up $0.8910 during trading on Friday, hitting $43.0910. 666,341 shares of the company's stock traded hands, compared to its average volume of 1,174,489. The firm has a market capitalization of $4.72 billion, a P/E ratio of 15.90, a PEG ratio of 3.89 and a beta of 0.55. Portland General Electric Company has a 1 year low of $39.54 and a 1 year 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. The business has a fifty day simple moving average of $41.18 and a two-hundred day simple moving average of $42.23.

Portland General Electric (NYSE:POR - Get Free Report) last posted its earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. The company had revenue of $807.00 million during the quarter, compared to analyst estimates of $797.97 million. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.Portland General Electric's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Sell-side analysts anticipate 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. 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 presently 77.49%.

Insider Activity at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of Portland General Electric stock in a transaction on Friday, August 1st. The shares were sold at an average price of $41.35, for a total value of $107,634.05. Following the transaction, the chief financial officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael A. Lewis sold 1,937 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $40.10, for a total value 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 position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

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.