Tudor Investment Corp ET AL Grows Stock Holdings in Portland General Electric (NYSE:POR)

Tudor Investment Corp ET AL grew its holdings in Portland General Electric (NYSE:POR - Free Report) by 466.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,509 shares of the utilities provider's stock after acquiring an additional 88,526 shares during the period. Tudor Investment Corp ET AL owned about 0.10% of Portland General Electric worth $4,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Nordea Investment Management AB lifted its holdings in Portland General Electric by 2.0% in the 4th quarter. Nordea Investment Management AB now owns 989,379 shares of the utilities provider's stock worth $43,058,000 after purchasing an additional 19,057 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Portland General Electric by 114.1% during the third quarter. Franklin Resources Inc. now owns 153,290 shares of the utilities provider's stock worth $7,289,000 after acquiring an additional 81,701 shares during the last quarter. Synergy Asset Management LLC grew its stake in Portland General Electric by 260.6% during the fourth quarter. Synergy Asset Management LLC now owns 114,496 shares of the utilities provider's stock valued at $5,096,000 after acquiring an additional 82,743 shares in the last quarter. Blair William & Co. IL increased its holdings in Portland General Electric by 13.2% in the 4th quarter. Blair William & Co. IL now owns 5,925 shares of the utilities provider's stock valued at $258,000 after acquiring an additional 692 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in 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 worth $6,166,000 after purchasing an additional 5,084 shares in the last quarter.

Insider Activity

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business'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 transaction of $56,815.00. Following the transaction, the chief financial officer now directly owns 31,960 shares in the company, valued at $1,320,587.20. The trade was a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Benjamin Felton sold 1,845 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $43.02, for a total value of $79,371.90. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 3,795 shares of company stock worth $159,946 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

POR has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. StockNews.com upgraded shares of Portland General Electric from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. UBS Group raised shares of Portland General Electric from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $47.00 to $50.00 in a research note on Monday. Evercore ISI lowered their price target on shares of Portland General Electric from $51.00 to $48.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, Barclays decreased their price objective on Portland General Electric from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Portland General Electric currently has an average rating of "Hold" and an average target price of $45.40.

Portland General Electric Stock Up 1.4 %

NYSE:POR traded up $0.58 during trading hours on Monday, reaching $42.34. The company's stock had a trading volume of 1,013,562 shares, compared to its average volume of 1,029,619. Portland General Electric has a 12 month low of $40.05 and a 12 month high of $49.85. The stock has a 50 day moving average price of $43.36 and a two-hundred day moving average price of $44.10. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. The company has a market capitalization of $4.64 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.11 and a beta of 0.49.

Portland General Electric (NYSE:POR - Get Free Report) last released its earnings results on Friday, April 25th. The utilities provider reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.02). The firm had revenue of $928.00 million for the quarter, compared to analyst estimates of $977.02 million. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $1.21 EPS. Equities analysts predict that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently announced 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 is Tuesday, June 24th. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.96%. Portland General Electric's dividend payout ratio (DPR) is 73.94%.

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.