Trexquant Investment LP Raises Stock Position in Portland General Electric Company $POR

Key Points

• Trexquant Investment LP increased its holdings in Portland General Electric by 46% in Q1, acquiring an additional 77,548 shares to total 246,299 shares, valued at approximately $10.99 million.
• Portland General Electric announced a quarterly dividend of $0.525 per share, with payment scheduled for October 15, reflecting an annualized dividend yield of 4.9%.
• The company reported $0.66 earnings per share in its last quarter, exceeding analysts' expectations, with year-over-year revenue growth of 6.5% to $807 million.

Trexquant Investment LP increased its position in Portland General Electric Company (NYSE:POR - Free Report) by 46.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,299 shares of the utilities provider's stock after purchasing an additional 77,548 shares during the quarter. Trexquant Investment LP owned approximately 0.22% of Portland General Electric worth $10,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp raised its stake in Portland General Electric by 7.9% in the fourth quarter. Stifel Financial Corp now owns 56,057 shares of the utilities provider's stock worth $2,445,000 after buying an additional 4,095 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Portland General Electric by 37.5% in the 4th quarter. Hsbc Holdings PLC now owns 9,318 shares of the utilities provider's stock worth $405,000 after acquiring an additional 2,542 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Portland General Electric by 23.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 151,644 shares of the utilities provider's stock worth $6,616,000 after purchasing an additional 28,589 shares during the last quarter. Quarry LP boosted its position in Portland General Electric by 110.4% during the fourth quarter. Quarry LP now owns 1,471 shares of the utilities provider's stock valued at $64,000 after purchasing an additional 772 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in Portland General Electric by 466.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 107,509 shares of the utilities provider's stock valued at $4,690,000 after purchasing an additional 88,526 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented 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. Barclays lowered their price objective on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 22nd. KeyCorp cut 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. JPMorgan Chase & Co. lowered their price objective on 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, UBS Group raised Portland General Electric from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $47.00 to $50.00 in a research report on Monday, May 5th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Portland General Electric currently has a consensus rating of "Hold" and a consensus price target of $45.40.

Insider Buying and Selling at Portland General Electric

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

Portland General Electric Price Performance

NYSE POR traded down $0.46 on Tuesday, hitting $42.32. The company had a trading volume of 1,301,012 shares, compared to its average volume of 1,176,641. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. The company has a market capitalization of $4.64 billion, a PE ratio of 15.62, a PEG ratio of 3.91 and a beta of 0.63. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $49.85. The company's fifty day moving average price is $41.50 and its 200-day moving average price is $42.30.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $797.97 million. During the same period in the previous year, the business earned $0.69 earnings per share. 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. As a group, analysts predict that Portland General Electric Company will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

The company also recently disclosed 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. This represents a $2.10 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, September 25th. Portland General Electric's dividend payout ratio is currently 77.49%.

About Portland General Electric

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.