Natixis Advisors LLC Reduces Holdings in Portland General Electric Company (NYSE:POR)

Natixis Advisors LLC lowered its stake in shares of Portland General Electric Company (NYSE:POR - Free Report) by 26.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,017 shares of the utilities provider's stock after selling 84,669 shares during the period. Natixis Advisors LLC owned 0.22% of Portland General Electric worth $10,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of POR. Fuller & Thaler Asset Management Inc. raised its position in shares of Portland General Electric by 19.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,959,660 shares of the utilities provider's stock valued at $172,720,000 after buying an additional 635,987 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Portland General Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,491,658 shares of the utilities provider's stock valued at $108,710,000 after purchasing an additional 47,172 shares during the last quarter. Zimmer Partners LP boosted its holdings in shares of Portland General Electric by 25.2% in the 4th quarter. Zimmer Partners LP now owns 2,306,227 shares of the utilities provider's stock worth $100,598,000 after purchasing an additional 463,685 shares during the period. Invesco Ltd. increased its position in shares of Portland General Electric by 14.1% during the 4th quarter. Invesco Ltd. now owns 2,200,086 shares of the utilities provider's stock valued at $95,968,000 after purchasing an additional 271,540 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Portland General Electric by 3.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,643,769 shares of the utilities provider's stock valued at $71,701,000 after purchasing an additional 59,861 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on POR. Evercore ISI cut their price objective on shares of Portland General Electric from $51.00 to $48.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company decreased their price objective on shares of Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. BMO Capital Markets initiated coverage on Portland General Electric in a research note on Tuesday, May 13th. They set a "market perform" rating and a $46.00 target price on the stock. Wall Street Zen upgraded Portland General Electric from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Finally, KeyCorp lowered Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 target price on the stock. in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $45.40.

Portland General Electric Stock Performance

Shares of NYSE POR traded up $0.69 during mid-day trading on Monday, hitting $42.14. The stock had a trading volume of 1,099,725 shares, compared to its average volume of 1,453,650. The company has a 50 day moving average of $41.00 and a two-hundred day moving average of $42.15. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $49.85. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.84 and a current ratio of 0.97. The firm has a market cap of $4.62 billion, a PE ratio of 15.55, a PEG ratio of 3.79 and a beta of 0.55.

Portland General Electric (NYSE:POR - Get Free Report) last released its earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping 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 firm had revenue of $807.00 million during the quarter, compared to the consensus estimate of $797.97 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company's revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, September 25th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, September 25th. Portland General Electric's dividend payout ratio is presently 77.49%.

Insider Buying and Selling at Portland General Electric

In related news, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $40.10, for a total transaction of $77,673.70. Following the completion of the transaction, the director directly owned 13,509 shares in the company, valued at approximately $541,710.90. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer owned 27,089 shares in the company, valued at approximately $1,120,130.15. This represents a 8.77% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

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.