Fuller & Thaler Asset Management Inc. Has $216.95 Million Stock Holdings in Portland General Electric Company $POR

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Portland General Electric by 22.8%, acquiring an additional 904,692 shares, now owning a total of 4,864,352 shares valued at approximately $216.95 million.
• Recent insider transactions included Director Michael A. Lewis selling 1,937 shares and CFO Joseph R. Trpik, Jr. selling 2,603 shares, with both experiencing a decrease in their ownership percentages post-sale.
• Analysts have mixed views on Portland General Electric, with the stock currently hold ratings and a consensus target price of $45.40, while the company recently declared a quarterly dividend of $0.525 contributing to an annual yield of 5.0%.

Fuller & Thaler Asset Management Inc. raised its holdings in Portland General Electric Company (NYSE:POR - Free Report) by 22.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,864,352 shares of the utilities provider's stock after purchasing an additional 904,692 shares during the quarter. Portland General Electric accounts for approximately 0.8% of Fuller & Thaler Asset Management Inc.'s investment portfolio, making the stock its 20th biggest position. Fuller & Thaler Asset Management Inc. owned about 4.44% of Portland General Electric worth $216,950,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of POR. Raymond James Financial Inc. acquired a new stake in shares of Portland General Electric in the 4th quarter valued at $7,181,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Portland General Electric by 13.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 12,741 shares of the utilities provider's stock valued at $556,000 after purchasing an additional 1,471 shares in the last quarter. Townsquare Capital LLC boosted its holdings in shares of Portland General Electric by 6.9% in the 4th quarter. Townsquare Capital LLC now owns 8,135 shares of the utilities provider's stock valued at $355,000 after purchasing an additional 528 shares in the last quarter. Barclays PLC boosted its holdings in shares of Portland General Electric by 50.9% in the 4th quarter. Barclays PLC now owns 314,621 shares of the utilities provider's stock valued at $13,724,000 after purchasing an additional 106,133 shares in the last quarter. Finally, Mariner LLC boosted its holdings in shares of Portland General Electric by 20.3% in the 4th quarter. Mariner LLC now owns 19,386 shares of the utilities provider's stock valued at $846,000 after purchasing an additional 3,269 shares in the last quarter.

Insider Activity

In other news, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction dated 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 transaction, the director directly owned 13,509 shares of the company's stock, valued at approximately $541,710.90. This trade represents a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief financial officer directly owned 27,089 shares of the company's stock, valued at approximately $1,120,130.15. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

Portland General Electric Trading Up 2.0%

NYSE:POR traded up $0.8510 during trading hours on Friday, hitting $43.0510. 1,294,843 shares of the company were exchanged, compared to its average volume of 1,179,016. 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 3.89 and a beta of 0.55. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. Portland General Electric Company has a one year low of $39.54 and a one year high of $49.85. The company has a fifty day simple moving average of $41.18 and a 200 day simple moving average of $42.23.

Portland General Electric (NYSE:POR - Get Free Report) last announced its earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The business 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 for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Sell-side analysts expect that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Evercore ISI cut their price objective on Portland General Electric from $51.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. UBS Group raised Portland General Electric from a "neutral" rating to a "buy" rating and raised their price objective for the company from $47.00 to $50.00 in a report on Monday, May 5th. BMO Capital Markets assumed coverage on Portland General Electric in a report on Tuesday, May 13th. They set a "market perform" rating and a $46.00 price objective on the stock. Finally, Barclays cut their price objective on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 22nd. 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 stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $45.40.

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.