Systematic Financial Management LP Raises 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 position in Portland General Electric Company (NYSE:POR - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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 about 0.53% of Portland General Electric worth $25,916,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of POR. Mariner LLC grew its holdings 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 purchasing an additional 3,269 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Portland General Electric by 3.8% in 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. Natixis purchased a new stake in shares of Portland General Electric during the fourth quarter valued at $306,000. MML Investors Services LLC boosted its position in Portland General Electric by 15.5% in the fourth quarter. MML Investors Services LLC now owns 63,348 shares of the utilities provider's stock worth $2,763,000 after purchasing an additional 8,515 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Portland General Electric by 185.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,951 shares of the utilities provider's stock worth $521,000 after buying an additional 7,758 shares during the period.

Analysts Set New Price Targets

Several brokerages recently issued reports on POR. KeyCorp downgraded 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 note on Wednesday, May 14th. BMO Capital Markets assumed coverage on Portland General Electric in a research report on Tuesday, May 13th. They set a "market perform" rating and a $46.00 target price for the company. UBS Group raised Portland General Electric from a "neutral" rating to a "buy" rating and upped their target price for the company from $47.00 to $50.00 in a research report on Monday, May 5th. Zacks Research raised Portland General Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. lowered their price target on 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. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Portland General Electric presently has a consensus rating of "Hold" and a consensus price target of $45.40.

Portland General Electric Trading Down 1.1%

NYSE:POR traded down $0.47 on Thursday, reaching $42.59. The company's stock had a trading volume of 320,808 shares, compared to its average volume of 1,173,243. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $49.85. 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 firm has a market cap of $4.67 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 3.87 and a beta of 0.55. The stock has a 50 day moving average price of $41.37 and a 200 day moving average price of $42.27.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The firm had revenue of $807.00 million for the quarter, compared to the consensus estimate of $797.97 million. During the same quarter in the previous year, the business earned $0.69 EPS. The company's quarterly 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. On average, equities analysts anticipate that Portland General Electric Company will post 3.21 EPS for the current fiscal 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 paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, September 25th. Portland General Electric's payout ratio is presently 77.49%.

Insider Buying and Selling at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $41.35, for a total transaction of $107,634.05. Following the completion of the transaction, the chief financial officer directly owned 27,089 shares of the company's stock, valued at $1,120,130.15. The trade was a 8.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael A. Lewis sold 1,937 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $40.10, for a total value of $77,673.70. Following the transaction, the director directly owned 13,509 shares of the company's stock, valued at $541,710.90. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

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.