Fox Run Management L.L.C. Makes New Investment 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 stake in Portland General Electric Company (NYSE:POR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,687 shares of the utilities provider's stock, valued at approximately $566,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in Portland General Electric in the first quarter worth $27,000. True Wealth Design LLC bought a new stake in Portland General Electric in the fourth quarter worth $27,000. Private Trust Co. NA lifted 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 worth $28,000 after buying an additional 244 shares during the last quarter. Global X Japan Co. Ltd. lifted its position in Portland General Electric by 113.1% in the first quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock worth $29,000 after buying an additional 345 shares during the last quarter. Finally, Costello Asset Management INC bought a new stake in Portland General Electric in the first quarter worth $46,000.

Portland General Electric Trading Up 2.0%

Shares of NYSE:POR traded up $0.8510 on Friday, hitting $43.0510. 1,294,843 shares of the company's stock were exchanged, compared to its average volume of 1,200,511. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. The business's 50 day simple moving average is $41.22 and its two-hundred day simple moving average is $42.25. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 3.94 and a beta of 0.55. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $807.00 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Analysts anticipate that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, September 25th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Thursday, September 25th. Portland General Electric's payout ratio is presently 77.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on POR shares. BMO Capital Markets started coverage on Portland General Electric in a research report on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price target for the company. Evercore ISI decreased their target price 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. Wells Fargo & Company decreased their target price 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. Barclays decreased their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on 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 research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $45.40.

Insider Activity

In related news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of Portland General Electric stock in a transaction dated 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 sale, the chief financial officer directly owned 27,089 shares in the company, valued at $1,120,130.15. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $40.10, for a total value of $77,673.70. Following the completion of the sale, the director 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. Insiders own 0.40% of the company's stock.

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.