Dean Capital Management Purchases 8,018 Shares of Portland General Electric Company $POR

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 grew its stake in shares of Portland General Electric Company (NYSE:POR - Free Report) by 52.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC acquired a new position in shares of Portland General Electric in the 1st quarter worth approximately $27,000. Private Trust Co. NA increased its position in shares of Portland General Electric by 62.6% in the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock worth $28,000 after acquiring an additional 244 shares in the last quarter. Global X Japan Co. Ltd. increased its position in shares of 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 worth $29,000 after acquiring an additional 345 shares in the last quarter. Costello Asset Management INC purchased a new position in shares of Portland General Electric in the first quarter worth approximately $46,000. Finally, Hexagon Capital Partners LLC increased its position in shares of 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 worth $64,000 after acquiring an additional 291 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on POR. Barclays lowered their price objective on shares of Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 22nd. Zacks Research upgraded shares of Portland General Electric from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. lowered their price target 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. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $45.40.

Portland General Electric Price Performance

NYSE POR traded up $0.01 on Monday, hitting $42.58. 205,196 shares of the company were exchanged, compared to its average volume of 1,166,347. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $49.85. The company has a market cap of $4.66 billion, a P/E ratio of 15.71, a P/E/G ratio of 3.89 and a beta of 0.63. The firm has a 50 day moving average of $41.82 and a two-hundred day moving average of $42.22.

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

Portland General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, September 25th will be issued 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 77.49%.

Insider Transactions at Portland General Electric

In other news, CEO Maria M. Pope sold 18,896 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total transaction of $803,080.00. Following the completion of the transaction, the chief executive officer directly owned 194,135 shares of the company's stock, valued at $8,250,737.50. This trade represents a 8.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Lewis sold 1,937 shares of the firm's stock in a transaction 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 transaction, the director directly owned 13,509 shares of the company's stock, valued at $541,710.90. This represents a 12.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,436 shares of company stock valued at $988,388 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

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.