Jane Street Group LLC Sells 142,641 Shares of Portland General Electric (NYSE:POR)

Jane Street Group LLC decreased its position in Portland General Electric (NYSE:POR - Free Report) by 94.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,682 shares of the utilities provider's stock after selling 142,641 shares during the period. Jane Street Group LLC's holdings in Portland General Electric were worth $335,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL increased its stake in Portland General Electric by 13.2% in the 4th quarter. Blair William & Co. IL now owns 5,925 shares of the utilities provider's stock valued at $258,000 after buying an additional 692 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Portland General Electric by 3.7% during the 4th quarter. American Century Companies Inc. now owns 141,367 shares of the utilities provider's stock worth $6,166,000 after purchasing an additional 5,084 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Portland General Electric by 1.3% during the 4th quarter. Natixis Advisors LLC now owns 322,686 shares of the utilities provider's stock worth $14,076,000 after purchasing an additional 4,195 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Portland General Electric by 11.6% during the 4th quarter. Van ECK Associates Corp now owns 93,330 shares of the utilities provider's stock worth $4,071,000 after purchasing an additional 9,715 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of Portland General Electric during the 4th quarter worth approximately $333,000.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, EVP Benjamin Felton sold 1,845 shares of the firm's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $43.02, for a total value of $79,371.90. Following the completion of the transaction, the executive vice president now directly owns 32,646 shares of the company's stock, valued at $1,404,430.92. This trade represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.40% of the company's stock.

Portland General Electric Stock Performance

Portland General Electric stock traded down $0.07 during mid-day trading on Thursday, reaching $41.19. The company's stock had a trading volume of 809,284 shares, compared to its average volume of 1,035,836. Portland General Electric has a 12-month low of $40.05 and a 12-month high of $49.85. The company has a market capitalization of $4.51 billion, a P/E ratio of 13.68, a PEG ratio of 1.11 and a beta of 0.57. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. The firm's fifty day moving average price is $42.39 and its two-hundred day moving average price is $43.29.

Portland General Electric (NYSE:POR - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.02). Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The business had revenue of $928.00 million during the quarter, compared to analysts' expectations of $977.02 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The firm's quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts predict that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 5.10%. This is an increase from Portland General Electric's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, June 24th. Portland General Electric's dividend payout ratio (DPR) is presently 73.94%.

Wall Street Analyst Weigh In

POR has been the subject of several research analyst reports. Barclays decreased their price target on shares of Portland General Electric from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. LADENBURG THALM/SH SH lowered shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price target for the company. in a research note on Tuesday, February 18th. UBS Group upgraded shares of Portland General Electric from a "neutral" rating to a "buy" rating and raised their price target for the stock from $47.00 to $50.00 in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased 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, Evercore ISI decreased their price target on shares of Portland General Electric from $51.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $45.60.

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.