Quantbot Technologies LP Takes $1.21 Million Position in Portland General Electric Company $POR

Key Points

• Quantbot Technologies LP has invested approximately $1.21 million in Portland General Electric, acquiring 27,033 shares as part of its 1st quarter report filed with the SEC.
• Portland General Electric has recently announced a quarterly dividend of $0.525 per share, which will be paid on October 15th, and represents an annual yield of 4.9%.
• Wall Street analysts have mixed views on Portland General Electric, with two analysts rating it as a Buy while eight have assigned a Hold rating; the average target price is currently $45.40.

Quantbot Technologies LP purchased a new stake in Portland General Electric Company (NYSE:POR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,033 shares of the utilities provider's stock, valued at approximately $1,206,000.

Other hedge funds also recently added to or reduced their stakes in the company. Mariner LLC grew its position in shares of Portland General Electric by 20.3% during the fourth quarter. Mariner LLC now owns 19,386 shares of the utilities provider's stock worth $846,000 after acquiring an additional 3,269 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Portland General Electric by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,643,769 shares of the utilities provider's stock worth $71,701,000 after acquiring an additional 59,861 shares during the last quarter. MML Investors Services LLC grew its position in shares of Portland General Electric by 15.5% during the fourth quarter. MML Investors Services LLC now owns 63,348 shares of the utilities provider's stock worth $2,763,000 after acquiring an additional 8,515 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Portland General Electric by 185.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,951 shares of the utilities provider's stock worth $521,000 after acquiring an additional 7,758 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its position 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 acquiring an additional 291 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on POR. KeyCorp lowered shares of 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 report on Wednesday, May 14th. BMO Capital Markets started coverage on Portland General Electric in a research report on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price target for the company. Barclays dropped their price target on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 22nd. Zacks Research upgraded Portland General Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Finally, UBS Group upgraded Portland General Electric from a "neutral" rating to a "buy" rating and raised their price target for the company from $47.00 to $50.00 in a research report on Monday, May 5th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $45.40.

Insider Activity

In other Portland General Electric news, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction dated 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 owned 13,509 shares in the company, valued at $541,710.90. The trade was a 12.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of Portland General Electric stock in a transaction dated Friday, August 1st. The shares were 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 position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Portland General Electric Price Performance

Portland General Electric stock traded down $0.44 during midday trading on Thursday, reaching $42.61. 417,763 shares of the company were exchanged, compared to its average volume of 1,173,768. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 3.87 and a beta of 0.55. The firm's 50-day simple moving average is $41.37 and its 200-day simple moving average is $42.27. Portland General Electric Company has a 1 year low of $39.54 and a 1 year 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.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. The firm had revenue of $807.00 million during the quarter, compared to analysts' expectations of $797.97 million. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, analysts anticipate that Portland General Electric Company will post 3.21 EPS for the current 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. The ex-dividend date is Thursday, September 25th. This represents a $2.10 annualized dividend and a yield of 4.9%. Portland General Electric's payout ratio is 77.49%.

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.