Portland General Electric Company $POR Shares Purchased by Van Lanschot Kempen Investment Management N.V.

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. increased its stake in shares of Portland General Electric Company (NYSE:POR - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,400 shares of the utilities provider's stock after purchasing an additional 16,856 shares during the period. 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 & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Private Trust Co. NA raised its holdings in Portland General Electric by 62.6% in the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 244 shares during the last quarter. Menard Financial Group LLC grew its position in Portland General Electric by 4.6% in the 1st quarter. Menard Financial Group LLC now owns 5,905 shares of the utilities provider's stock valued at $251,000 after acquiring an additional 257 shares in the last quarter. Captrust Financial Advisors grew its position in Portland General Electric by 3.2% in the 4th quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock valued at $379,000 after acquiring an additional 269 shares in the last quarter. Private Advisor Group LLC raised its position in Portland General Electric by 1.6% in the 1st quarter. Private Advisor Group LLC now owns 17,986 shares of the utilities provider's stock valued at $802,000 after purchasing an additional 279 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Portland General Electric by 4.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 7,282 shares of the utilities provider's stock worth $318,000 after acquiring an additional 291 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on POR shares. JPMorgan Chase & Co. cut their target price 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. BMO Capital Markets began coverage on shares of Portland General Electric in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price objective on the stock. UBS Group raised shares of Portland General Electric from a "neutral" rating to a "buy" rating and boosted their target price for the company from $47.00 to $50.00 in a research note on Monday, May 5th. Barclays decreased their price target on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Portland General Electric presently has an average rating of "Hold" and a consensus price target of $45.40.

Portland General Electric Stock Up 2.0%

Shares of Portland General Electric stock traded up $0.8510 during trading hours on Friday, hitting $43.0510. 1,294,843 shares of the company's stock traded hands, compared to its average volume of 1,200,511. The stock has a 50 day simple moving average of $41.22 and a 200-day simple moving average of $42.25. 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 company has a market cap of $4.72 billion, a PE ratio of 15.89, a PEG ratio of 3.94 and a beta of 0.55. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last issued its earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The business had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Equities research analysts anticipate that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 annualized dividend and a dividend yield of 4.9%. Portland General Electric's payout ratio is 77.49%.

Insider Activity

In other news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of Portland General Electric stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $41.35, for a total value 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 approximately $1,120,130.15. The trade was a 8.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael A. Lewis sold 1,937 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $40.10, for a total transaction of $77,673.70. Following the completion of the sale, the director directly owned 13,509 shares in the company, valued at approximately $541,710.90. This trade represents a 12.54% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

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.