Fuller & Thaler Asset Management Inc. Has $216.95 Million 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. boosted its holdings in shares of Portland General Electric Company (NYSE:POR - Free Report) by 22.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,864,352 shares of the utilities provider's stock after acquiring an additional 904,692 shares during the period. Portland General Electric accounts for 0.8% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 20th largest position. Fuller & Thaler Asset Management Inc. owned 4.44% of Portland General Electric worth $216,950,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Private Trust Co. NA boosted its stake in Portland General Electric by 62.6% in the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock worth $28,000 after purchasing an additional 244 shares during the period. Menard Financial Group LLC boosted its stake in Portland General Electric by 4.6% in the 1st quarter. Menard Financial Group LLC now owns 5,905 shares of the utilities provider's stock worth $251,000 after purchasing an additional 257 shares during the period. Captrust Financial Advisors boosted its stake in Portland General Electric by 3.2% in the 4th quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock worth $379,000 after purchasing an additional 269 shares during the period. Private Advisor Group LLC boosted its stake in Portland General Electric by 1.6% in the 1st quarter. Private Advisor Group LLC now owns 17,986 shares of the utilities provider's stock worth $802,000 after purchasing an additional 279 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its stake in Portland General Electric by 4.2% in the 4th quarter. OneDigital Investment Advisors LLC now owns 7,282 shares of the utilities provider's stock worth $318,000 after purchasing an additional 291 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Wall Street Zen raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Barclays reduced their target price on shares of Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 22nd. UBS Group raised shares of Portland General Electric from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $47.00 to $50.00 in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. cut their price target 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. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $45.40.

Portland General Electric Stock Performance

Shares of POR stock traded up $0.8510 on Friday, reaching $43.0510. The stock had a trading volume of 1,294,843 shares, compared to its average volume of 1,200,511. 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 firm's 50-day moving average is $41.22 and its two-hundred day moving average is $42.24. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 3.86 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 issued its earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The company had revenue of $807.00 million for the quarter, compared to analysts' expectations of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. Portland General Electric's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, research analysts expect that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

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

Insider Transactions at Portland General Electric

In other Portland General Electric news, Director Michael A. Lewis sold 1,937 shares of the 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 transaction, the director directly owned 13,509 shares of the company's stock, valued at $541,710.90. This represents a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 27,089 shares in the company, valued at approximately $1,120,130.15. This represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

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.