Portland General Electric Company $POR Shares Sold by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in Portland General Electric Company by 76.9%, selling 107,688 shares and leaving it with 32,259 shares valued at approximately $1.44 million.
• Portland General Electric reported a 0.66 EPS in its recent quarterly earnings, exceeding analysts' expectations, with revenues up 6.5% year-over-year at $807 million.
• The company announced a quarterly dividend of $0.525 per share, with a yield of 4.9%, payable to investors on October 15th.

Campbell & CO Investment Adviser LLC cut its holdings in Portland General Electric Company (NYSE:POR - Free Report) by 76.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,259 shares of the utilities provider's stock after selling 107,688 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Portland General Electric were worth $1,439,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Oliver Luxxe Assets LLC grew its stake in Portland General Electric by 10.9% in the 1st quarter. Oliver Luxxe Assets LLC now owns 107,615 shares of the utilities provider's stock valued at $4,800,000 after acquiring an additional 10,596 shares during the period. Systematic Financial Management LP lifted its holdings in Portland General Electric by 5.0% during the first quarter. Systematic Financial Management LP now owns 581,084 shares of the utilities provider's stock valued at $25,916,000 after purchasing an additional 27,677 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Portland General Electric by 1.7% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 299,168 shares of the utilities provider's stock valued at $13,343,000 after purchasing an additional 4,968 shares in the last quarter. AlphaQuest LLC grew its position in shares of Portland General Electric by 14.4% in the first quarter. AlphaQuest LLC now owns 37,306 shares of the utilities provider's stock valued at $1,664,000 after purchasing an additional 4,707 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Portland General Electric by 14.2% during the first quarter. Ameriprise Financial Inc. now owns 978,896 shares of the utilities provider's stock worth $43,671,000 after purchasing an additional 121,559 shares in the last quarter.

Portland General Electric Price Performance

NYSE:POR opened at $42.4770 on Tuesday. Portland General Electric Company has a one year low of $39.54 and a one year high of $49.85. The stock has a market cap of $4.65 billion, a PE ratio of 15.67, a P/E/G ratio of 3.94 and a beta of 0.55. 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 stock has a 50 day moving average price of $41.26 and a 200 day moving average price of $42.26.

Portland General Electric (NYSE:POR - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 earnings per share 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 company had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The firm's revenue for the quarter 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. Equities research analysts expect that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, September 25th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, September 25th. Portland General Electric's dividend payout ratio (DPR) is presently 77.49%.

Wall Street Analyst Weigh In

POR has been the topic of a number of research reports. BMO Capital Markets assumed coverage on shares of Portland General Electric in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price target on the stock. UBS Group upgraded Portland General Electric from a "neutral" rating to a "buy" rating and raised their target price for the company from $47.00 to $50.00 in a research report on Monday, May 5th. JPMorgan Chase & Co. lowered their price target on Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, May 19th. Wells Fargo & Company reduced their price objective on 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. Finally, Evercore ISI decreased their price objective on Portland General Electric from $51.00 to $48.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $45.40.

Insider Activity

In other news, Director Michael A. Lewis sold 1,937 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $40.10, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of Portland General Electric stock in a transaction that occurred 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 sale, the chief financial officer directly owned 27,089 shares in the company, valued at approximately $1,120,130.15. The trade was 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 company insiders.

About Portland General Electric

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.

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