Teza Capital Management LLC Sells 78,100 Shares of Portland General Electric (NYSE:POR)

Teza Capital Management LLC lessened its stake in shares of Portland General Electric (NYSE:POR - Free Report) by 82.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,090 shares of the utilities provider's stock after selling 78,100 shares during the quarter. Teza Capital Management LLC's holdings in Portland General Electric were worth $745,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System boosted its holdings in shares of Portland General Electric by 0.8% in the fourth quarter. Arizona State Retirement System now owns 29,912 shares of the utilities provider's stock worth $1,305,000 after buying an additional 245 shares during the last quarter. Captrust Financial Advisors grew its position in Portland General Electric by 3.2% during the fourth quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock valued at $379,000 after buying an additional 269 shares during the period. OneDigital Investment Advisors LLC grew its position in 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 valued at $318,000 after buying an additional 291 shares during the period. Texas Yale Capital Corp. grew its position in Portland General Electric by 2.6% during the fourth quarter. Texas Yale Capital Corp. now owns 11,920 shares of the utilities provider's stock valued at $520,000 after buying an additional 300 shares during the period. Finally, Choreo LLC grew its position in Portland General Electric by 1.4% during the fourth quarter. Choreo LLC now owns 26,511 shares of the utilities provider's stock valued at $1,166,000 after buying an additional 371 shares during the period.

Insider Buying and Selling

In related news, EVP Benjamin Felton sold 1,845 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 32,646 shares in the company, valued at approximately $1,404,430.92. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on POR shares. BMO Capital Markets started 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 for the company. LADENBURG THALM/SH SH lowered shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 target price for the company. in a research report on Tuesday, February 18th. Wall Street Zen upgraded shares of Portland General Electric from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. cut their target price on shares of Portland General Electric from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Finally, KeyCorp lowered shares of Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 target price for the company. in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $45.60.

Portland General Electric Price Performance

NYSE:POR traded up $0.23 during trading hours on Friday, hitting $41.97. 1,190,746 shares of the stock traded hands, compared to its average volume of 1,026,158. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22. Portland General Electric has a 1 year low of $40.05 and a 1 year high of $49.85. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57. The stock has a 50 day moving average price of $42.70 and a 200 day moving average price of $43.55.

Portland General Electric (NYSE:POR - Get Free Report) last released its earnings results on Friday, April 25th. The utilities provider reported $0.91 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.02). Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The company had revenue of $928.00 million during the quarter, compared to analysts' expectations of $977.02 million. During the same period last year, the firm posted $1.21 EPS. Portland General Electric's quarterly revenue was down .1% compared to the same quarter last year. Sell-side analysts forecast that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 24th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 5.00%. The ex-dividend date is Tuesday, June 24th. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. Portland General Electric's payout ratio is currently 73.94%.

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.