Two Sigma Investments LP Increases Stock Holdings in Portland General Electric (NYSE:POR)

Two Sigma Investments LP lifted its stake in shares of Portland General Electric (NYSE:POR - Free Report) by 40.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 377,717 shares of the utilities provider's stock after acquiring an additional 108,711 shares during the period. Two Sigma Investments LP owned 0.36% of Portland General Electric worth $16,476,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Portland General Electric by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 11,913,132 shares of the utilities provider's stock valued at $519,651,000 after purchasing an additional 572,531 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in Portland General Electric by 19.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,959,660 shares of the utilities provider's stock valued at $172,720,000 after acquiring an additional 635,987 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Portland General Electric by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,333,393 shares of the utilities provider's stock valued at $145,403,000 after purchasing an additional 93,903 shares during the period. Geode Capital Management LLC increased its holdings in Portland General Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,491,658 shares of the utilities provider's stock worth $108,710,000 after acquiring an additional 47,172 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Portland General Electric by 14.1% in the fourth quarter. Invesco Ltd. now owns 2,200,086 shares of the utilities provider's stock worth $95,968,000 after purchasing an additional 271,540 shares in the last quarter.

Portland General Electric Price Performance

Shares of Portland General Electric stock traded up $0.90 on Tuesday, hitting $42.90. 370,167 shares of the company traded hands, compared to its average volume of 1,023,650. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. The business has a 50-day simple moving average of $42.65 and a 200 day simple moving average of $43.50. Portland General Electric has a 52 week low of $40.05 and a 52 week high of $49.85. The stock has a market capitalization of $4.70 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.02). Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The firm had revenue of $928.00 million for the quarter, compared to analysts' expectations of $977.02 million. During the same quarter in the previous year, the business earned $1.21 EPS. The company's revenue for the quarter was down .1% on a year-over-year basis. Research analysts expect that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 24th will be issued a $0.525 dividend. The ex-dividend date is Tuesday, June 24th. This is a positive change from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.90%. Portland General Electric's dividend payout ratio (DPR) is 73.94%.

Insider Activity at Portland General Electric

In related news, EVP Benjamin Felton sold 1,845 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $43.02, for a total transaction of $79,371.90. Following the sale, the executive vice president now owns 32,646 shares of the company's stock, valued at $1,404,430.92. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

POR has been the subject of several recent analyst reports. Wall Street Zen raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. LADENBURG THALM/SH SH lowered Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective for the company. in a research note on Tuesday, February 18th. JPMorgan Chase & Co. dropped 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. Barclays decreased their target price on shares of Portland General Electric from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, UBS Group upgraded Portland General Electric from a "neutral" rating to a "buy" rating and increased their target price for the company from $47.00 to $50.00 in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Portland General Electric presently has an average rating of "Hold" and a consensus target price of $45.60.

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.