Van Lanschot Kempen Investment Management N.V. Boosts Stock Holdings in Portland General Electric Company $POR

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its stake in Portland General Electric Company by 14.5%, acquiring an additional 16,856 shares, bringing its total ownership to 133,400 shares valued at approximately $5.95 million.
• Portland General Electric recently declared a quarterly dividend of $0.525, representing a 4.9% yield, to be paid on October 15th to shareholders of record on September 25th.
• The company reported earnings of $0.66 per share for the last quarter, surpassing analyst expectations, with revenues of $807 million, a 6.5% increase from the previous year.

Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of Portland General Electric Company (NYSE:POR - Free Report) by 14.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,400 shares of the utilities provider's stock after acquiring an additional 16,856 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.12% of Portland General Electric worth $5,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. KBC Group NV increased its position in shares of Portland General Electric by 29.3% during the first quarter. KBC Group NV now owns 4,717 shares of the utilities provider's stock worth $210,000 after acquiring an additional 1,068 shares during the period. New York State Teachers Retirement System increased its position in shares of Portland General Electric by 17.5% during the first quarter. New York State Teachers Retirement System now owns 39,793 shares of the utilities provider's stock worth $1,775,000 after acquiring an additional 5,927 shares during the period. M&T Bank Corp increased its position in shares of Portland General Electric by 21.9% during the first quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider's stock worth $878,000 after acquiring an additional 3,538 shares during the period. State of Alaska Department of Revenue increased its position in shares of Portland General Electric by 6.5% during the first quarter. State of Alaska Department of Revenue now owns 12,806 shares of the utilities provider's stock worth $571,000 after acquiring an additional 780 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Portland General Electric by 4.7% during the first quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider's stock worth $556,266,000 after acquiring an additional 559,201 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on POR shares. UBS Group upgraded shares of Portland General Electric from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $47.00 to $50.00 in a research note on Monday, May 5th. Wells Fargo & Company lowered their target price on shares of Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered 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 note on Monday, May 19th. Evercore ISI lowered their target price on shares of Portland General Electric from $51.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, KeyCorp downgraded 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 note on Wednesday, May 14th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $45.40.

Insider Transactions at Portland General Electric

In related news, Director Michael A. Lewis sold 1,937 shares of the 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 directly owned 13,509 shares of the company's stock, valued at $541,710.90. This represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the stock in a transaction dated Friday, August 1st. The stock was 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 $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 Stock Performance

NYSE POR traded down $0.41 during trading hours on Monday, hitting $42.67. The company had a trading volume of 257,093 shares, compared to its average volume of 1,173,226. 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 Company has a 1-year low of $39.54 and a 1-year high of $49.85. The company has a market cap of $4.67 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 3.94 and a beta of 0.55. The business has a 50 day moving average of $41.22 and a 200-day moving average of $42.25.

Portland General Electric (NYSE:POR - Get Free Report) last announced its earnings results on Friday, July 25th. The utilities provider reported $0.66 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $807.00 million during the quarter, compared to analysts' expectations of $797.97 million. During the same period in the prior year, the company earned $0.69 earnings per share. The business's 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. As a group, equities research analysts expect that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

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

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.