Sapience Investments LLC Cuts Stock Holdings in Portland General Electric (NYSE:POR)

Sapience Investments LLC lowered its stake in shares of Portland General Electric (NYSE:POR - Free Report) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,797 shares of the utilities provider's stock after selling 6,712 shares during the quarter. Sapience Investments LLC's holdings in Portland General Electric were worth $1,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC increased its position in shares of Portland General Electric by 260.6% in the fourth quarter. Synergy Asset Management LLC now owns 114,496 shares of the utilities provider's stock worth $5,096,000 after purchasing an additional 82,743 shares during the period. Blair William & Co. IL grew its stake in Portland General Electric by 13.2% during the fourth quarter. Blair William & Co. IL now owns 5,925 shares of the utilities provider's stock worth $258,000 after buying an additional 692 shares in the last quarter. American Century Companies Inc. raised its position in shares of Portland General Electric by 3.7% in the 4th quarter. American Century Companies Inc. now owns 141,367 shares of the utilities provider's stock valued at $6,166,000 after buying an additional 5,084 shares in the last quarter. Natixis Advisors LLC increased its stake in Portland General Electric by 1.3% in the fourth quarter. Natixis Advisors LLC now owns 322,686 shares of the utilities provider's stock valued at $14,076,000 after acquiring an additional 4,195 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Portland General Electric by 11.6% in the fourth quarter. Van ECK Associates Corp now owns 93,330 shares of the utilities provider's stock valued at $4,071,000 after acquiring an additional 9,715 shares during the last quarter.

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 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 transaction, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

Portland General Electric Trading Down 0.3%

NYSE POR traded down $0.14 on Thursday, reaching $41.84. The company had a trading volume of 210,146 shares, compared to its average volume of 1,019,646. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.11 and a beta of 0.57. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85. The business has a 50 day moving average of $42.81 and a two-hundred day moving average of $43.64.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.02). The company had revenue of $928.00 million during the quarter, compared to analyst estimates of $977.02 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The company's quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. Analysts forecast that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend 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 dividend yield of 5.02%. Portland General Electric's dividend payout ratio is 73.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on POR. UBS Group upgraded shares of Portland General Electric from a "neutral" rating to a "buy" rating and raised their price target for the company from $47.00 to $50.00 in a research note on Monday, May 5th. LADENBURG THALM/SH SH downgraded shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective for the company. in a research note on Tuesday, February 18th. KeyCorp cut shares of Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 target price on the stock. in a research note on Wednesday, May 14th. Jefferies Financial Group dropped their price target on Portland General Electric from $47.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. cut their price objective on Portland General Electric from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $45.60.

Portland General Electric 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.