Capital Fund Management S.A. Takes Position in Portland General Electric (NYSE:POR)

Capital Fund Management S.A. bought a new position in Portland General Electric (NYSE:POR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,345 shares of the utilities provider's stock, valued at approximately $1,324,000.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Portland General Electric during the fourth quarter worth $7,181,000. Texas Yale Capital Corp. lifted its holdings in Portland General Electric by 2.6% in the 4th quarter. Texas Yale Capital Corp. now owns 11,920 shares of the utilities provider's stock worth $520,000 after purchasing an additional 300 shares during the last quarter. Martingale Asset Management L P boosted its position in Portland General Electric by 448.1% during the fourth quarter. Martingale Asset Management L P now owns 65,353 shares of the utilities provider's stock worth $2,851,000 after purchasing an additional 53,430 shares during the period. Invesco Ltd. grew its holdings in Portland General Electric by 14.1% during the fourth quarter. Invesco Ltd. now owns 2,200,086 shares of the utilities provider's stock valued at $95,968,000 after purchasing an additional 271,540 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Portland General Electric by 9.2% in the fourth quarter. Bank of Montreal Can now owns 22,833 shares of the utilities provider's stock valued at $996,000 after purchasing an additional 1,929 shares during the period.

Wall Street Analysts Forecast Growth

POR has been the subject of a number of recent analyst reports. 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 for the company. in a report on Tuesday, February 18th. Evercore ISI lifted their price target on Portland General Electric from $50.00 to $51.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. StockNews.com cut Portland General Electric from a "hold" rating to a "sell" rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. restated a "neutral" rating and issued a $44.00 price target (down from $50.00) on shares of Portland General Electric in a research report on Thursday, April 10th. Finally, Bank of America reduced their price objective on Portland General Electric from $46.00 to $43.00 and set an "underperform" rating for the company in a research report on Tuesday, December 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $45.78.

Insider Buying and Selling

In other news, EVP Benjamin Felton sold 1,845 shares of the company's stock in a transaction dated Thursday, April 17th. The stock was 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 directly owns 32,646 shares of the company's stock, valued at $1,404,430.92. This represents a 5.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric 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 disclosure for this sale can be found here. Insiders sold a total of 3,795 shares of company stock worth $159,946 over the last three months. 0.40% of the stock is currently owned by company insiders.

Portland General Electric Price Performance

Portland General Electric stock traded down $0.01 on Friday, reaching $42.99. The company's stock had a trading volume of 932,282 shares, compared to its average volume of 1,027,625. The business's fifty day moving average price is $43.51 and its 200 day moving average price is $44.48. 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 cap of $4.71 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 1.11 and a beta of 0.49. Portland General Electric has a twelve month low of $40.05 and a twelve month high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The business had revenue of $824.00 million for the quarter, compared to the consensus estimate of $716.17 million. During the same quarter in the prior year, the company earned $0.67 EPS. Equities analysts expect that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend was Monday, March 24th. Portland General Electric's dividend payout ratio is 66.45%.

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.