Portland General Electric (NYSE:POR) Shares Purchased by GW&K Investment Management LLC

GW&K Investment Management LLC increased its position in shares of Portland General Electric (NYSE:POR - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 922,532 shares of the utilities provider's stock after purchasing an additional 153,976 shares during the period. GW&K Investment Management LLC owned approximately 0.91% of Portland General Electric worth $39,982,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in shares of Portland General Electric by 44.0% during the third quarter. Allworth Financial LP now owns 854 shares of the utilities provider's stock valued at $35,000 after buying an additional 261 shares during the last quarter. Teacher Retirement System of Texas grew its position in Portland General Electric by 7.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 21,799 shares of the utilities provider's stock valued at $882,000 after acquiring an additional 1,605 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Portland General Electric by 25.2% in the third quarter. Nisa Investment Advisors LLC now owns 8,202 shares of the utilities provider's stock worth $332,000 after purchasing an additional 1,650 shares during the period. California Public Employees Retirement System lifted its position in shares of Portland General Electric by 6.1% during the third quarter. California Public Employees Retirement System now owns 497,736 shares of the utilities provider's stock worth $20,148,000 after purchasing an additional 28,436 shares during the last quarter. Finally, LSV Asset Management lifted its position in shares of Portland General Electric by 25.0% during the third quarter. LSV Asset Management now owns 65,600 shares of the utilities provider's stock worth $2,655,000 after purchasing an additional 13,100 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a research note on Tuesday, April 30th. Bank of America downgraded shares of Portland General Electric from a "buy" rating to a "neutral" rating and decreased their price target for the company from $55.00 to $43.00 in a research note on Monday, February 5th. Mizuho increased their price objective on Portland General Electric from $42.00 to $45.00 and gave the stock a "neutral" rating in a research note on Thursday, May 16th. UBS Group raised Portland General Electric from a "neutral" rating to a "buy" rating and decreased their target price for the company from $47.00 to $45.00 in a research report on Monday, January 29th. Finally, Barclays dropped their price target on Portland General Electric from $45.00 to $42.00 and set an "overweight" rating on the stock 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

Portland General Electric Stock Up 0.8 %

Shares of POR traded up $0.38 during trading hours on Tuesday, hitting $45.30. The company had a trading volume of 690,359 shares, compared to its average volume of 982,605. 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 company has a market capitalization of $4.67 billion, a PE ratio of 17.36 and a beta of 0.56. Portland General Electric has a one year low of $38.01 and a one year high of $50.18. The company's fifty day moving average price is $42.45 and its two-hundred day moving average price is $41.92.

Portland General Electric (NYSE:POR - Get Free Report) last posted its earnings results on Friday, April 26th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.12. The company 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 firm's quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. As a group, equities analysts forecast that Portland General Electric will post 3.08 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, May 24th will be given a dividend of $0.50 per share. This is a boost from Portland General Electric's previous quarterly dividend of $0.48. The ex-dividend date is Friday, June 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.42%. Portland General Electric's dividend payout ratio is presently 72.80%.

Insider Buying and Selling at Portland General Electric

In related 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 transaction, the chief operating officer now directly owns 31,950 shares in the company, valued at approximately $1,297,170. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Maria Angelica Espinosa sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $44.30, for a total value of $88,600.00. Following the completion of the transaction, the senior vice president now directly owns 16,763 shares of the company's stock, valued at approximately $742,600.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Benjamin Felton sold 3,500 shares of the business's stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 31,950 shares in the company, valued at approximately $1,297,170. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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.