MetLife Investment Management LLC Has $18.85 Million Stock Holdings in Portland General Electric Company $POR

Key Points

• MetLife Investment Management LLC significantly increased its stake in Portland General Electric Company by 253.6% during the first quarter of the year, now owning approximately 0.39% of the company valued at $18.85 million.
• Portland General Electric recently announced a quarterly dividend of $0.525 per share, with a dividend yield of 4.9% and a dividend payout ratio of 77.49%.
• The company reported a net margin of 8.43% and a 6.5% year-over-year increase in revenue, with earnings per share (EPS) of $0.66 for the last quarter.

MetLife Investment Management LLC boosted its position in shares of Portland General Electric Company (NYSE:POR - Free Report) by 253.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,704 shares of the utilities provider's stock after acquiring an additional 303,153 shares during the quarter. MetLife Investment Management LLC owned 0.39% of Portland General Electric worth $18,853,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in POR. Wayfinding Financial LLC acquired a new position in shares of Portland General Electric in the first quarter valued at approximately $27,000. True Wealth Design LLC bought a new stake in Portland General Electric in the 4th quarter valued at $27,000. Private Trust Co. NA grew its holdings in Portland General Electric by 62.6% in the 1st 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. grew its holdings in Portland General Electric by 113.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock valued at $29,000 after buying an additional 345 shares in the last quarter. Finally, Costello Asset Management INC bought a new position in Portland General Electric during the 1st quarter worth $46,000.

Insider Activity at Portland General Electric

In other news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of Portland General Electric stock in a transaction on Friday, August 1st. The shares were sold at an average price of $41.35, for a total transaction of $107,634.05. Following the transaction, the chief financial officer owned 27,089 shares in the company, valued at approximately $1,120,130.15. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $77,673.70. Following the completion of the sale, the director owned 13,509 shares in the company, valued at $541,710.90. This trade represents a 12.54% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Portland General Electric Price Performance

Portland General Electric stock traded down $0.44 during midday trading on Thursday, reaching $42.61. The company's stock had a trading volume of 1,088,744 shares, compared to its average volume of 1,178,059. The stock has a market cap of $4.67 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 3.87 and a beta of 0.55. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $41.42 and a 200-day moving average price of $42.28. Portland General Electric Company has a 52 week low of $39.54 and a 52 week high of $49.85.

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. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The company had revenue of $807.00 million during the quarter, compared to analysts' expectations of $797.97 million. During the same period in the prior year, the company earned $0.69 EPS. Portland General Electric's revenue was up 6.5% compared to the same quarter last year. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, sell-side analysts predict that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The company 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 $0.525 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 annualized dividend and a dividend yield of 4.9%. Portland General Electric's dividend payout ratio is currently 77.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. BMO Capital Markets initiated coverage on shares of Portland General Electric in a research report on Tuesday, May 13th. They set a "market perform" rating and a $46.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on shares of Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, May 19th. Zacks Research upgraded shares of Portland General Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. KeyCorp cut 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. Finally, Barclays lowered their price objective on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating on the stock 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 issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $45.40.

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.