Strs Ohio Takes $397,000 Position in Portland General Electric Company $POR

Key Points

• Strs Ohio purchased a new stake worth approximately $397,000 in Portland General Electric by acquiring 8,900 shares in the first quarter, according to recent SEC filings.
• Several institutional investors, including Vanguard Group and ATLAS Infrastructure Partners, have significantly increased their holdings in the company during the same period.
• Portland General Electric announced a quarterly dividend of $0.525 per share, representing an annualized dividend of $2.10 and a yield of 4.9%, to be paid on October 15th.

Strs Ohio bought a new stake in Portland General Electric Company (NYSE:POR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,900 shares of the utilities provider's stock, valued at approximately $397,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Portland General Electric by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider's stock valued at $556,266,000 after purchasing an additional 559,201 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Portland General Electric by 22.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,864,352 shares of the utilities provider's stock worth $216,950,000 after acquiring an additional 904,692 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. grew its holdings in Portland General Electric by 164.5% during the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,400,635 shares of the utilities provider's stock worth $196,268,000 after acquiring an additional 2,736,811 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Portland General Electric by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,878,528 shares of the utilities provider's stock worth $128,382,000 after acquiring an additional 366,640 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Portland General Electric by 3.7% during the 1st quarter. Invesco Ltd. now owns 2,282,513 shares of the utilities provider's stock worth $101,800,000 after acquiring an additional 82,427 shares in the last quarter.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Zacks Research raised shares of Portland General Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Barclays decreased their price objective on shares of Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a report on Tuesday, July 22nd. 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 data from MarketBeat.com, Portland General Electric presently has an average rating of "Hold" and a consensus price target of $45.40.

Portland General Electric Trading Down 0.4%

NYSE:POR opened at $42.64 on Tuesday. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $49.85. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 3.91 and a beta of 0.63. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 1.28. The company's 50 day moving average is $41.98 and its 200-day moving average is $42.13.

Portland General Electric (NYSE:POR - Get Free Report) last announced its earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The business had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Portland General Electric's revenue was up 6.5% compared to the same quarter last year. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Equities analysts anticipate 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. Investors of record on Thursday, September 25th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 dividend on an annualized basis 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.

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