Portland General Electric (NYSE:POR) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its holdings in shares of Portland General Electric (NYSE:POR - Free Report) by 185.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,951 shares of the utilities provider's stock after buying an additional 7,758 shares during the period. Tower Research Capital LLC TRC's holdings in Portland General Electric were worth $521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MML Investors Services LLC increased its position in Portland General Electric by 15.5% during the 4th quarter. MML Investors Services LLC now owns 63,348 shares of the utilities provider's stock valued at $2,763,000 after buying an additional 8,515 shares in the last quarter. Natixis bought a new stake in Portland General Electric during the fourth quarter valued at approximately $306,000. MetLife Investment Management LLC increased its stake in shares of Portland General Electric by 8.6% in the 4th quarter. MetLife Investment Management LLC now owns 119,551 shares of the utilities provider's stock worth $5,215,000 after purchasing an additional 9,515 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Portland General Electric by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,643,769 shares of the utilities provider's stock worth $71,701,000 after buying an additional 59,861 shares during the period. Finally, Freedom Investment Management Inc. lifted its holdings in Portland General Electric by 38.4% during the fourth quarter. Freedom Investment Management Inc. now owns 6,061 shares of the utilities provider's stock valued at $264,000 after purchasing an additional 1,683 shares in the last quarter.

Insider Activity

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total value of $56,815.00. Following the completion of the sale, the chief financial officer now directly owns 31,960 shares of the company's stock, valued at $1,320,587.20. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Benjamin Felton sold 1,845 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total value of $79,371.90. Following the sale, the executive vice president now directly owns 32,646 shares in the company, valued at $1,404,430.92. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,795 shares of company stock valued at $159,946. Company insiders own 0.40% of the company's stock.

Portland General Electric Stock Down 1.3 %

NYSE:POR traded down $0.56 during midday trading on Thursday, reaching $41.56. The company had a trading volume of 768,838 shares, compared to its average volume of 1,033,253. The stock's fifty day simple moving average is $43.47 and its 200-day simple moving average is $44.25. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. Portland General Electric has a 12-month low of $40.05 and a 12-month high of $49.85. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 1.11 and a beta of 0.49.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.02). Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The company had revenue of $928.00 million during the quarter, compared to analysts' expectations of $977.02 million. During the same quarter in the previous year, the business posted $1.21 EPS. The business's quarterly revenue was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be paid a $0.525 dividend. The ex-dividend date is Tuesday, June 24th. This is a positive change from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 5.05%. Portland General Electric's payout ratio is currently 73.94%.

Analyst Ratings Changes

POR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $44.00 target price (down from $50.00) on shares of Portland General Electric in a research report on Thursday, April 10th. Evercore ISI reduced their price target on Portland General Electric from $51.00 to $48.00 and set an "outperform" rating for the company in a research report on Monday. UBS Group reiterated a "neutral" rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Wells Fargo & Company lowered their price target on shares of Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, StockNews.com upgraded Portland General Electric from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $45.10.

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.