Portland General Electric Company $POR Shares Purchased by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its stake in Portland General Electric by 151.9%, now holding 19,204 shares valued at approximately $857,000.
• Portland General Electric recently declared a quarterly dividend of $0.525, yielding 5.0%, which will be paid on October 15th.
• Analysts have mixed views on the stock, with Zacks upgrading its rating from "strong sell" to "hold" and a consensus target price of $45.40.

Ieq Capital LLC raised its stake in shares of Portland General Electric Company (NYSE:POR - Free Report) by 151.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,204 shares of the utilities provider's stock after purchasing an additional 11,579 shares during the period. Ieq Capital LLC's holdings in Portland General Electric were worth $857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. increased its position in Portland General Electric by 22.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 4,864,352 shares of the utilities provider's stock worth $216,950,000 after purchasing an additional 904,692 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Portland General Electric by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider's stock valued at $556,266,000 after buying an additional 559,201 shares during the period. Zimmer Partners LP raised its position in shares of Portland General Electric by 25.2% during the 4th quarter. Zimmer Partners LP now owns 2,306,227 shares of the utilities provider's stock valued at $100,598,000 after buying an additional 463,685 shares during the period. Brown Advisory Inc. raised its position in shares of Portland General Electric by 54.0% during the 1st quarter. Brown Advisory Inc. now owns 1,085,699 shares of the utilities provider's stock valued at $48,422,000 after buying an additional 380,749 shares during the period. Finally, MetLife Investment Management LLC raised its position in shares of Portland General Electric by 253.6% during the 1st quarter. MetLife Investment Management LLC now owns 422,704 shares of the utilities provider's stock valued at $18,853,000 after buying an additional 303,153 shares during the period.

Portland General Electric Stock Performance

NYSE POR traded down $0.48 during trading hours on Monday, hitting $42.33. The company had a trading volume of 134,751 shares, compared to its average volume of 1,165,857. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $49.85. The company has a market cap of $4.64 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 3.91 and a beta of 0.63. The business has a 50 day moving average of $41.69 and a 200-day moving average of $42.29. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.84 and a current ratio of 0.97.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 8.43% and a return on equity of 8.07%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, September 25th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, September 25th. Portland General Electric's dividend payout ratio (DPR) is 77.49%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on POR. Zacks Research upgraded shares of Portland General Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. KeyCorp downgraded shares of Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 price target for the company. in a research note on Wednesday, May 14th. BMO Capital Markets began coverage on shares of Portland General Electric in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price target for the company. JPMorgan Chase & Co. dropped their price target on shares of Portland General Electric from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Finally, Barclays dropped their price target 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. 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $45.40.

Insider Buying and Selling

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the business's stock in a transaction on 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 in the company, valued at approximately $1,120,130.15. The trade was a 8.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael A. Lewis sold 1,937 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $40.10, for a total transaction of $77,673.70. Following the transaction, the director directly owned 13,509 shares of the company's stock, valued at approximately $541,710.90. This represents a 12.54% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.40% of the company's stock.

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.