Portland General Electric Company $POR Stock Holdings Increased by Dean Capital Management

Key Points

• Dean Capital Management increased its holdings in Portland General Electric Company by 52.9% during the first quarter, now owning 23,170 shares valued at approximately $1,033,000.
• Portland General Electric's recent earnings report indicated a profit of $0.66 per share, slightly exceeding analyst expectations, with revenue growing by 6.5% year-over-year.
• The company's quarterly dividend is set at $0.525 per share, yielding 5.0%, with a payout ratio of 77.49%.

Dean Capital Management boosted its position in Portland General Electric Company (NYSE:POR - Free Report) by 52.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,170 shares of the utilities provider's stock after buying an additional 8,018 shares during the quarter. Dean Capital Management's holdings in Portland General Electric were worth $1,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in Portland General Electric in the first quarter valued at approximately $27,000. Private Trust Co. NA boosted its stake in Portland General Electric by 62.6% in the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 244 shares during the period. Global X Japan Co. Ltd. boosted its stake in Portland General Electric by 113.1% in the first quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 345 shares during the period. Costello Asset Management INC acquired a new position in Portland General Electric in the first quarter valued at approximately $46,000. Finally, Hexagon Capital Partners LLC boosted its stake in Portland General Electric by 25.3% in the first quarter. Hexagon Capital Partners LLC now owns 1,443 shares of the utilities provider's stock valued at $64,000 after acquiring an additional 291 shares during the period.

Wall Street Analyst Weigh In

POR has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on 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. Barclays decreased their target price on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 22nd. Zacks Research upgraded Portland General Electric from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. KeyCorp downgraded Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 target price for the company. in a research note on Wednesday, May 14th. Finally, BMO Capital Markets assumed coverage on Portland General Electric in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 target price for the company. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $45.40.

Portland General Electric Stock Performance

Shares of NYSE POR opened at $42.39 on Wednesday. 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 stock has a 50 day simple moving average of $41.74 and a 200-day simple moving average of $42.27. The company has a market cap of $4.64 billion, a PE ratio of 15.64, a P/E/G ratio of 3.85 and a beta of 0.63. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The business had revenue of $807.00 million during the quarter, compared to the consensus estimate of $797.97 million. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The business's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, equities research analysts forecast that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

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

Insider Buying and Selling

In other Portland General Electric news, Director Michael A. Lewis sold 1,937 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $40.10, for a total value of $77,673.70. Following the completion of the sale, the director directly owned 13,509 shares in the company, valued at $541,710.90. This represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 of the company's stock, valued at $1,120,130.15. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

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.

Want to see what other hedge funds are holding POR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Portland General Electric Company (NYSE:POR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.