Landscape Capital Management L.L.C. Makes New $520,000 Investment in Portland General Electric (NYSE:POR)

Landscape Capital Management L.L.C. bought a new position in shares of Portland General Electric (NYSE:POR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,917 shares of the utilities provider's stock, valued at approximately $520,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Portland General Electric in the 4th quarter valued at $62,004,000. Assenagon Asset Management S.A. acquired a new stake in Portland General Electric during the 4th quarter worth approximately $32,553,000. 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. OLD Republic International Corp bought a new position in shares of Portland General Electric in the 4th quarter worth about $22,464,000. Finally, Brandywine Global Investment Management LLC lifted its stake in shares of Portland General Electric by 1,510.2% in the 4th quarter. Brandywine Global Investment Management LLC now owns 359,126 shares of the utilities provider's stock valued at $15,665,000 after purchasing an additional 336,823 shares during the period.

Insider Buying and Selling at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the stock in a transaction 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 sale, the chief financial officer now owns 31,960 shares in the company, valued at approximately $1,320,587.20. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company's stock.

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Analyst Ratings Changes

Several research firms recently commented on POR. Bank of America decreased their target price on Portland General Electric from $46.00 to $43.00 and set an "underperform" rating for the company in a research note on Tuesday, December 24th. Evercore ISI lifted their price objective on shares of Portland General Electric from $50.00 to $51.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. UBS Group reissued a "neutral" rating and set a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. StockNews.com downgraded shares of Portland General Electric from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. Finally, Barclays increased their price objective on shares of Portland General Electric from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $45.78.

Portland General Electric Stock Performance

NYSE:POR traded up $0.14 on Friday, reaching $41.76. 155,270 shares of the company's stock were exchanged, compared to its average volume of 1,028,444. The stock has a fifty day simple moving average of $43.32 and a 200-day simple moving average of $44.65. 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 52 week low of $40.05 and a 52 week high of $49.85. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.11 and a beta of 0.49.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $824.00 million during the quarter, compared to analysts' expectations of $716.17 million. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. During the same period in the previous year, the business earned $0.67 earnings per share. As a group, sell-side analysts predict that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Monday, March 24th. Portland General Electric's dividend payout ratio is presently 66.45%.

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.