Sivia Capital Partners LLC Purchases Shares of 7,848 Portland General Electric (NYSE:POR)

Sivia Capital Partners LLC acquired a new stake in shares of Portland General Electric (NYSE:POR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,848 shares of the utilities provider's stock, valued at approximately $350,000.

Several other institutional investors and hedge funds have also modified their holdings of POR. Blair William & Co. IL raised its position in Portland General Electric by 13.2% during the fourth quarter. Blair William & Co. IL now owns 5,925 shares of the utilities provider's stock valued at $258,000 after acquiring an additional 692 shares in the last quarter. American Century Companies Inc. increased its holdings in Portland General Electric by 3.7% in the fourth quarter. American Century Companies Inc. now owns 141,367 shares of the utilities provider's stock valued at $6,166,000 after buying an additional 5,084 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Portland General Electric by 1.3% in the fourth quarter. Natixis Advisors LLC now owns 322,686 shares of the utilities provider's stock worth $14,076,000 after acquiring an additional 4,195 shares during the period. Van ECK Associates Corp raised its position in shares of Portland General Electric by 11.6% in the fourth quarter. Van ECK Associates Corp now owns 93,330 shares of the utilities provider's stock worth $4,071,000 after acquiring an additional 9,715 shares during the period. Finally, Ieq Capital LLC purchased a new stake in shares of Portland General Electric during the 4th quarter worth about $333,000.

Portland General Electric Stock Down 0.6%

POR stock opened at $40.97 on Monday. Portland General Electric has a one year low of $40.05 and a one year high of $49.85. The firm has a market cap of $4.49 billion, a PE ratio of 13.61, a PEG ratio of 1.11 and a beta of 0.57. The firm's 50 day moving average price is $42.31 and its 200-day moving average price is $43.19. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92.

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

Portland General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 5.13%. The ex-dividend date is Tuesday, June 24th. This is a positive change from Portland General Electric's previous quarterly dividend of $0.50. Portland General Electric's dividend payout ratio (DPR) is 73.94%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

POR has been the topic of several research analyst reports. BMO Capital Markets began coverage on Portland General Electric in a report on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price objective on the stock. Wall Street Zen raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. KeyCorp cut shares of Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 price objective for the company. in a research report on Wednesday, May 14th. Barclays decreased their price objective 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. Finally, Evercore ISI dropped their target price on shares of Portland General Electric from $51.00 to $48.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. 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's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $45.60.

Portland General Electric Company 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.

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