Voya Investment Management LLC Lowers Stock Holdings in Portland General Electric Company $POR

Key Points

• Voya Investment Management LLC has reduced its holdings in Portland General Electric Company by 21.9%, selling 22,347 shares during the first quarter, which left them with approximately 79,527 shares valued at $3,547,000.
• Insider transactions include CFO Joseph R. Trpik, Jr. and CEO Maria M. Pope selling shares, indicating an 8.77% and 8.87% decrease in their respective holdings.
• Portland General Electric has declared a quarterly dividend of $0.525 per share, resulting in a dividend yield of 4.9%, with the ex-dividend date set for September 25th.

Voya Investment Management LLC reduced its holdings in shares of Portland General Electric Company (NYSE:POR - Free Report) by 21.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 79,527 shares of the utilities provider's stock after selling 22,347 shares during the period. Voya Investment Management LLC owned about 0.07% of Portland General Electric worth $3,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Trust Co. NA grew its holdings in shares of Portland General Electric by 62.6% in the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock worth $28,000 after purchasing an additional 244 shares during the last quarter. Menard Financial Group LLC raised its stake in shares of Portland General Electric by 4.6% during the first 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. Private Advisor Group LLC grew its position in shares of Portland General Electric by 1.6% during the 1st quarter. Private Advisor Group LLC now owns 17,986 shares of the utilities provider's stock worth $802,000 after buying an additional 279 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Portland General Electric by 25.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,443 shares of the utilities provider's stock valued at $64,000 after purchasing an additional 291 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in Portland General Electric by 1.9% during the first quarter. Benjamin Edwards Inc. now owns 17,820 shares of the utilities provider's stock valued at $795,000 after buying an additional 330 shares during the period.

Analyst Ratings Changes

POR has been the topic of several recent research reports. Barclays dropped their target price on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 22nd. Zacks Research upgraded Portland General Electric from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Portland General Electric currently has an average rating of "Hold" and a consensus price target of $45.40.

Insider Buying and Selling at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the company's 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 sale, the chief financial officer owned 27,089 shares of the company's stock, valued at approximately $1,120,130.15. This represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael A. Lewis sold 1,937 shares of the business's 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 owned 13,509 shares in the company, valued at $541,710.90. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,436 shares of company stock worth $988,388. Corporate insiders own 0.40% of the company's stock.

Portland General Electric Stock Performance

Shares of Portland General Electric stock traded up $0.19 on Tuesday, reaching $42.84. 123,539 shares of the stock were exchanged, compared to its average volume of 1,164,594. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 1.28. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $49.85. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 3.91 and a beta of 0.63. The business has a 50 day moving average price of $41.98 and a two-hundred day moving average price of $42.13.

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

Portland General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, September 25th will be issued a $0.525 dividend. The ex-dividend date is Thursday, September 25th. This represents a $2.10 dividend on an annualized basis and a yield of 4.9%. Portland General Electric's dividend payout ratio (DPR) 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.