GSA Capital Partners LLP Has $1.12 Million Stake in Portland General Electric Company (NYSE:POR)

Key Points

• GSA Capital Partners LLP increased its stake in Portland General Electric Company by 96.4% in the first quarter, acquiring a total of 25,075 shares valued at approximately $1.1 million.
• Equities analysts have mixed opinions on Portland General Electric, with two buy ratings, one sell rating, and several hold ratings, resulting in an average price target of $45.40.
• Portland General Electric recently declared a quarterly dividend of $0.525 per share, representing an annual yield of 5.08% with a payout ratio of 77.49%.

GSA Capital Partners LLP increased its position in shares of Portland General Electric Company (NYSE:POR - Free Report) by 96.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,075 shares of the utilities provider's stock after acquiring an additional 12,308 shares during the period. GSA Capital Partners LLP's holdings in Portland General Electric were worth $1,118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in shares of Portland General Electric in the 4th quarter worth approximately $27,000. Wayfinding Financial LLC acquired a new position in Portland General Electric in the first quarter worth approximately $27,000. Private Trust Co. NA increased its holdings in shares of Portland General Electric by 62.6% in the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock valued at $28,000 after buying an additional 244 shares in the last quarter. Global X Japan Co. Ltd. lifted its position in shares of 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 last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Portland General Electric during the 4th quarter worth $52,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on POR shares. UBS Group upgraded Portland General Electric from a "neutral" rating to a "buy" rating and increased their price target for the company from $47.00 to $50.00 in a research report on Monday, May 5th. KeyCorp downgraded shares of Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 target price on the stock. in a research report on Wednesday, May 14th. BMO Capital Markets initiated coverage on shares of 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. Barclays decreased 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 note on Tuesday, July 22nd. Finally, Wells Fargo & Company reduced their target price on Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $45.40.

Insider Activity

In other Portland General Electric news, Director Michael A. Lewis sold 1,937 shares of the 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 transaction, the director owned 13,509 shares in the company, valued at $541,710.90. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.40% of the company's stock.

Portland General Electric Stock Up 0.8%

POR traded up $0.31 during trading on Friday, reaching $41.43. 1,859,648 shares of the stock traded hands, compared to its average volume of 1,194,902. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. Portland General Electric Company has a fifty-two week low of $39.54 and a fifty-two week high of $49.85. The stock's 50-day simple moving average is $41.01 and its two-hundred day simple moving average is $42.14. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 3.84 and a beta of 0.56.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The business had revenue of $807.00 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. As a group, equities research analysts expect that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 5.1%. Portland General Electric's payout ratio is currently 77.49%.

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.