Portland General Electric (NYSE:POR) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in Portland General Electric (NYSE:POR - Free Report) by 62.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,800 shares of the utilities provider's stock after buying an additional 56,600 shares during the period. Two Sigma Advisers LP owned approximately 0.14% of Portland General Electric worth $6,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System lifted its position in shares of Portland General Electric by 0.8% in the fourth quarter. Arizona State Retirement System now owns 29,912 shares of the utilities provider's stock valued at $1,305,000 after acquiring an additional 245 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Portland General Electric by 3.2% during the 4th quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock worth $379,000 after purchasing an additional 269 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Portland General Electric by 4.2% during the fourth quarter. OneDigital Investment Advisors LLC now owns 7,282 shares of the utilities provider's stock worth $318,000 after buying an additional 291 shares in the last quarter. Texas Yale Capital Corp. raised its position in shares of Portland General Electric by 2.6% in the fourth quarter. Texas Yale Capital Corp. now owns 11,920 shares of the utilities provider's stock valued at $520,000 after buying an additional 300 shares during the last quarter. Finally, Choreo LLC raised its position in shares of Portland General Electric by 1.4% in the fourth quarter. Choreo LLC now owns 26,511 shares of the utilities provider's stock valued at $1,166,000 after buying an additional 371 shares during the last quarter.

Insider Buying and Selling at Portland General Electric

In related news, EVP Benjamin Felton sold 1,845 shares of the firm's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total value of $79,371.90. Following the sale, the executive vice president now directly owns 32,646 shares in the company, valued at $1,404,430.92. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on POR. BMO Capital Markets assumed coverage on shares of Portland General Electric in a report on Tuesday, May 13th. They set a "market perform" rating and a $46.00 price objective on the stock. Barclays decreased their price target on shares of Portland General Electric from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. KeyCorp downgraded Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 price objective for the company. in a report on Wednesday, May 14th. Wall Street Zen upgraded Portland General Electric from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Finally, LADENBURG THALM/SH SH lowered Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price target for the company. in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $45.60.

Portland General Electric Stock Performance

Shares of NYSE:POR traded down $0.30 during trading on Friday, reaching $42.26. 189,967 shares of the company's stock traded hands, compared to its average volume of 1,025,326. The stock has a market capitalization of $4.63 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57. Portland General Electric has a 12 month low of $40.05 and a 12 month high of $49.85. The company has a 50 day moving average of $42.57 and a 200-day moving average of $43.45. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.02). The company had revenue of $928.00 million during the quarter, compared to the consensus estimate of $977.02 million. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. On average, equities analysts expect that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be given a $0.525 dividend. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, June 24th. This represents a $2.10 annualized dividend and a yield of 4.97%. Portland General Electric's dividend payout ratio is 73.94%.

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.