Leeward Investments LLC MA Has $24.67 Million Position in Portland General Electric Company (NYSE:POR)

Leeward Investments LLC MA lifted its position in Portland General Electric Company (NYSE:POR - Free Report) by 7.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 553,239 shares of the utilities provider's stock after buying an additional 39,769 shares during the period. Portland General Electric makes up 1.3% of Leeward Investments LLC MA's holdings, making the stock its 12th largest position. Leeward Investments LLC MA owned about 0.51% of Portland General Electric worth $24,674,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA raised its stake in shares of 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 buying an additional 244 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Portland General Electric by 0.8% in the 4th quarter. Arizona State Retirement System now owns 29,912 shares of the utilities provider's stock worth $1,305,000 after buying an additional 245 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Portland General Electric by 3.2% during the 4th quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock valued at $379,000 after acquiring an additional 269 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Portland General Electric by 4.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 7,282 shares of the utilities provider's stock worth $318,000 after acquiring an additional 291 shares in the last quarter. Finally, Texas Yale Capital Corp. grew its holdings in shares of Portland General Electric by 2.6% in the 4th quarter. Texas Yale Capital Corp. now owns 11,920 shares of the utilities provider's stock worth $520,000 after acquiring an additional 300 shares during the last quarter.

Portland General Electric Stock Up 1.3%

POR stock traded up $0.54 during midday trading on Friday, reaching $41.27. The company had a trading volume of 651,595 shares, compared to its average volume of 1,053,298. The company has a 50 day moving average of $41.51 and a two-hundred day moving average of $42.44. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 1.28. Portland General Electric Company has a 1 year low of $39.55 and a 1 year high of $49.85. The company has a market capitalization of $4.52 billion, a P/E ratio of 14.53, a PEG ratio of 3.79 and a beta of 0.56.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.02). Portland General Electric had a return on equity of 8.24% and a net margin of 8.84%. The firm had revenue of $928.00 million for the quarter, compared to analysts' expectations of $977.02 million. During the same quarter in the prior year, the business posted $1.21 earnings per share. Portland General Electric's revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that Portland General Electric Company will post 3.21 earnings per share 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. Investors of record on Tuesday, June 24th will be paid a $0.525 dividend. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $2.10 annualized dividend and a dividend yield of 5.09%. Portland General Electric's payout ratio is presently 73.94%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on POR. Evercore ISI decreased their price target on Portland General Electric from $51.00 to $48.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. KeyCorp cut shares of Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 target price for the company. in a report on Wednesday, May 14th. Barclays dropped their target price on shares of Portland General Electric from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. UBS Group upgraded shares of Portland General Electric from a "neutral" rating to a "buy" rating and upped their price target for the company from $47.00 to $50.00 in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.60.

Insider Buying and Selling

In other Portland General Electric news, EVP Benjamin Felton sold 1,845 shares of Portland General Electric stock in a transaction that occurred 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 sale, the executive vice president directly owned 32,646 shares in the company, valued at $1,404,430.92. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% of the company's stock.

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.