Portland General Electric (NYSE:POR) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its holdings in shares of Portland General Electric (NYSE:POR - Free Report) by 220.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,371 shares of the utilities provider's stock after buying an additional 130,343 shares during the quarter. Natixis Advisors L.P. owned about 0.19% of Portland General Electric worth $8,207,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Victory Capital Management Inc. raised its position in shares of Portland General Electric by 69.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,040,841 shares of the utilities provider's stock valued at $42,133,000 after acquiring an additional 425,923 shares during the period. Truist Financial Corp boosted its position in shares of Portland General Electric by 103.5% during the fourth quarter. Truist Financial Corp now owns 507,731 shares of the utilities provider's stock worth $22,005,000 after purchasing an additional 258,275 shares in the last quarter. New York State Common Retirement Fund raised its stake in Portland General Electric by 384.1% during the 4th quarter. New York State Common Retirement Fund now owns 321,763 shares of the utilities provider's stock worth $13,945,000 after buying an additional 255,292 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in Portland General Electric by 12.8% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,944,864 shares of the utilities provider's stock worth $78,728,000 after acquiring an additional 220,674 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Portland General Electric in the third quarter valued at about $8,339,000.

Insider Activity

In other Portland General Electric news, COO Benjamin Felton sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $40.60, for a total transaction of $142,100.00. Following the completion of the sale, the chief operating officer now directly owns 31,950 shares in the company, valued at $1,297,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Benjamin Felton sold 3,500 shares of the business's stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $40.60, for a total transaction of $142,100.00. Following the completion of the transaction, the chief operating officer now owns 31,950 shares of the company's stock, valued at approximately $1,297,170. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Maria Angelica Espinosa sold 2,000 shares of Portland General Electric stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $44.30, for a total transaction of $88,600.00. Following the sale, the senior vice president now owns 16,763 shares in the company, valued at $742,600.90. The disclosure for this sale can be found here. Insiders sold a total of 5,940 shares of company stock valued at $248,313 in the last quarter. Company insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on POR shares. StockNews.com raised Portland General Electric from a "sell" rating to a "hold" rating in a research report on Tuesday, April 30th. Mizuho restated a "neutral" rating and set a $42.00 price objective (down from $43.00) on shares of Portland General Electric in a report on Tuesday, February 20th. Bank of America lowered shares of Portland General Electric from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $55.00 to $43.00 in a research note on Monday, February 5th. UBS Group raised Portland General Electric from a "neutral" rating to a "buy" rating and dropped their price target for the company from $47.00 to $45.00 in a research note on Monday, January 29th. Finally, Barclays reduced their price objective on Portland General Electric from $45.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, February 21st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.57.

Portland General Electric Stock Up 1.4 %

Shares of NYSE POR traded up $0.61 during mid-day trading on Thursday, hitting $44.68. The company had a trading volume of 1,060,516 shares, compared to its average volume of 996,897. Portland General Electric has a one year low of $38.01 and a one year high of $51.39. The company has a market capitalization of $4.60 billion, a PE ratio of 17.12 and a beta of 0.56. The company has a current ratio of 1.22, a quick ratio of 1.09 and a debt-to-equity ratio of 1.34. The firm has a 50-day simple moving average of $41.92 and a two-hundred day simple moving average of $41.67.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The utilities provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.12. The firm had revenue of $929.00 million for the quarter, compared to analyst estimates of $828.94 million. Portland General Electric had a return on equity of 8.50% and a net margin of 8.51%. The business's quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 EPS. On average, equities analysts expect that Portland General Electric will post 3.08 EPS for the current year.

Portland General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, May 24th will be paid a $0.50 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.48%. This is a boost from Portland General Electric's previous quarterly dividend of $0.48. Portland General Electric's dividend payout ratio (DPR) is currently 72.80%.

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.