IFM Investors Pty Ltd Has $328,000 Stake in Portland General Electric Company $POR

Key Points

• IFM Investors Pty Ltd reduced its stake in Portland General Electric Company (NYSE: POR) by 46.6% in the first quarter, now holding a total of 7,353 shares worth $328,000.
• Portland General Electric announced a quarterly dividend of $0.525 per share, payable on October 15th, which represents a 4.9% yield annually.
• The company reported earnings of $0.66 per share for the last quarter, exceeding analysts' expectations and showing a revenue increase of 6.5% compared to the same quarter last year.

IFM Investors Pty Ltd reduced its stake in Portland General Electric Company (NYSE:POR - Free Report) by 46.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,353 shares of the utilities provider's stock after selling 6,412 shares during the period. IFM Investors Pty Ltd's holdings in Portland General Electric were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in POR. BNP Paribas Financial Markets boosted its stake in shares of Portland General Electric by 86.2% in the fourth quarter. BNP Paribas Financial Markets now owns 52,901 shares of the utilities provider's stock valued at $2,308,000 after buying an additional 24,485 shares during the period. Captrust Financial Advisors boosted its stake in shares of Portland General Electric by 3.2% in the fourth quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock valued at $379,000 after buying an additional 269 shares during the period. Deutsche Bank AG boosted its stake in shares of Portland General Electric by 14.7% in the fourth quarter. Deutsche Bank AG now owns 224,460 shares of the utilities provider's stock valued at $9,791,000 after buying an additional 28,764 shares during the period. Focus Partners Wealth bought a new stake in shares of Portland General Electric in the fourth quarter valued at approximately $340,000. Finally, Lazard Asset Management LLC boosted its stake in shares of Portland General Electric by 2,612.3% in the fourth quarter. Lazard Asset Management LLC now owns 55,195 shares of the utilities provider's stock valued at $2,407,000 after buying an additional 53,160 shares during the period.

Portland General Electric Stock Up 0.2%

NYSE POR opened at $42.56 on Friday. Portland General Electric Company has a fifty-two week low of $39.54 and a fifty-two week high of $49.85. The stock has a market capitalization of $4.66 billion, a PE ratio of 15.70, a PEG ratio of 3.88 and a beta of 0.63. 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 has a fifty day moving average price of $41.82 and a two-hundred day moving average price of $42.23.

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 analysts' consensus estimates of $0.65 by $0.01. The company 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%.Portland General Electric's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Equities analysts expect that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Thursday, September 25th. Portland General Electric's dividend payout ratio is presently 77.49%.

Insider Activity at Portland General Electric

In related news, CEO Maria M. Pope sold 18,896 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total value of $803,080.00. Following the completion of the sale, the chief executive officer directly owned 194,135 shares in the company, valued at $8,250,737.50. This represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael A. Lewis sold 1,937 shares of the stock in a transaction on 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 sold 23,436 shares of company stock worth $988,388 over the last three months. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

POR has been the subject of several recent research reports. Barclays cut their price target on 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. JPMorgan Chase & Co. cut their price target on 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, Zacks Research upgraded Portland General Electric from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Two investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $45.40.

Portland General Electric Company 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.

Want to see what other hedge funds are holding POR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Portland General Electric Company (NYSE:POR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.