Systematic Financial Management LP Buys 15,545 Shares of Portland General Electric (NYSE:POR)

Systematic Financial Management LP lifted its holdings in shares of Portland General Electric (NYSE:POR - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 553,407 shares of the utilities provider's stock after purchasing an additional 15,545 shares during the period. Systematic Financial Management LP owned 0.52% of Portland General Electric worth $24,140,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Portland General Electric by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 11,913,132 shares of the utilities provider's stock worth $519,651,000 after buying an additional 572,531 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of Portland General Electric by 19.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,959,660 shares of the utilities provider's stock worth $172,720,000 after acquiring an additional 635,987 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Portland General Electric by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,333,393 shares of the utilities provider's stock worth $145,403,000 after acquiring an additional 93,903 shares during the period. Geode Capital Management LLC lifted its stake in shares of Portland General Electric by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,491,658 shares of the utilities provider's stock worth $108,710,000 after acquiring an additional 47,172 shares during the period. Finally, Invesco Ltd. boosted its holdings in Portland General Electric by 14.1% in the fourth quarter. Invesco Ltd. now owns 2,200,086 shares of the utilities provider's stock valued at $95,968,000 after acquiring an additional 271,540 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on POR shares. Jefferies Financial Group lowered their price target on shares of Portland General Electric from $47.00 to $42.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. UBS Group raised shares of Portland General Electric from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $47.00 to $50.00 in a research note on Monday, May 5th. LADENBURG THALM/SH SH cut shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price target on the stock. in a research report on Tuesday, February 18th. BMO Capital Markets initiated coverage on Portland General Electric in a report on Tuesday, May 13th. They set a "market perform" rating and a $46.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective on 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Portland General Electric presently has an average rating of "Hold" and a consensus price target of $45.60.

Insider Buying and Selling

In other Portland General Electric news, EVP Benjamin Felton sold 1,845 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 32,646 shares of the company's stock, valued at approximately $1,404,430.92. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by corporate insiders.

Portland General Electric Stock Up 0.2%

POR stock traded up $0.09 during mid-day trading on Tuesday, reaching $42.81. 552,527 shares of the company traded hands, compared to its average volume of 1,023,153. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.11 and a beta of 0.57. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85. The firm's 50 day moving average price is $42.87 and its 200 day moving average price is $43.65. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results 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 return on equity of 9.10% and a net margin of 9.13%. The company had revenue of $928.00 million for the quarter, compared to the consensus estimate of $977.02 million. During the same quarter last year, the company posted $1.21 EPS. The company's quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts predict that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 24th will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, June 24th. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 4.91%. Portland General Electric's payout ratio is 73.94%.

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.