Systematic Financial Management LP Grows Holdings in Portland General Electric Company $POR

Key Points

• Systematic Financial Management LP increased its stake in Portland General Electric Company by 5.0% during Q1, now holding approximately $25.92 million worth of shares, totaling over 581,000 shares.
• In recent insider transactions, both Director Michael A. Lewis and CFO Joseph R. Trpik, Jr. sold shares, resulting in decreases of 12.54% and 8.77% in their positions, respectively.
• Portland General Electric's latest earnings report showed a net revenue of $807 million for the quarter, exceeding analyst expectations, while they plan for a dividend payout of $0.525 per share on October 15th.

Systematic Financial Management LP increased its holdings in Portland General Electric Company (NYSE:POR - Free Report) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 581,084 shares of the utilities provider's stock after acquiring an additional 27,677 shares during the quarter. Systematic Financial Management LP owned approximately 0.53% of Portland General Electric worth $25,916,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in Portland General Electric in the 4th quarter valued at $27,000. Wayfinding Financial LLC purchased a new position in Portland General Electric in the 1st quarter valued at $27,000. Private Trust Co. NA grew its position in Portland General Electric by 62.6% in the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock valued at $28,000 after buying an additional 244 shares during the last quarter. Global X Japan Co. Ltd. grew its position in Portland General Electric by 113.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock valued at $29,000 after buying an additional 345 shares during the last quarter. Finally, Costello Asset Management INC purchased a new position in Portland General Electric in the 1st quarter valued at $46,000.

Portland General Electric Price Performance

POR stock traded up $0.72 during trading on Wednesday, hitting $43.05. The stock had a trading volume of 1,102,869 shares, compared to its average volume of 1,178,608. The company's 50 day moving average price is $41.31 and its two-hundred day moving average price is $42.26. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $49.85. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 3.88 and a beta of 0.55. 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 announced its earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $807.00 million during the quarter, compared to the consensus estimate of $797.97 million. During the same quarter in the previous year, the company posted $0.69 EPS. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, sell-side analysts forecast that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, September 25th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 annualized dividend and a yield of 4.9%. Portland General Electric's payout ratio is presently 77.49%.

Insider Activity

In other news, Director Michael A. Lewis sold 1,937 shares of the company's stock in a transaction dated 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 owned 13,509 shares of the company's stock, valued at $541,710.90. This represents a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $41.35, for a total transaction of $107,634.05. Following the transaction, the chief financial officer directly owned 27,089 shares of the company's stock, valued at approximately $1,120,130.15. This represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on POR. UBS Group upgraded shares of Portland General Electric from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $47.00 to $50.00 in a research report on Monday, May 5th. 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. JPMorgan Chase & Co. decreased their target price on shares of Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. BMO Capital Markets began coverage on shares of Portland General Electric in a research report on Tuesday, May 13th. They set a "market perform" rating and a $46.00 target price on the stock. Finally, 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. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Portland General Electric has an average rating of "Hold" and an average price target of $45.40.

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.