Dean Investment Associates LLC Sells 46,202 Shares of Portland General Electric (NYSE:POR)

Dean Investment Associates LLC trimmed its position in shares of Portland General Electric (NYSE:POR - Free Report) by 67.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,480 shares of the utilities provider's stock after selling 46,202 shares during the period. Dean Investment Associates LLC's holdings in Portland General Electric were worth $981,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in Portland General Electric in the 4th quarter valued at approximately $29,000. Versant Capital Management Inc increased its position in Portland General Electric by 151.0% during the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider's stock worth $33,000 after acquiring an additional 450 shares during the period. Cullen Frost Bankers Inc. increased its position in Portland General Electric by 1,538.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider's stock worth $36,000 after acquiring an additional 769 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Portland General Electric during the 4th quarter valued at $52,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Portland General Electric by 352.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the utilities provider's stock valued at $61,000 after purchasing an additional 1,096 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently commented on POR. Evercore ISI upped 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 report on Tuesday, February 18th. Jefferies Financial Group reduced their price objective on Portland General Electric from $47.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. StockNews.com lowered Portland General Electric from a "hold" rating to a "sell" rating in a research note on Thursday, April 3rd. Bank of America decreased their price target on shares of Portland General Electric from $46.00 to $43.00 and set an "underperform" rating on the stock in a research note on Tuesday, December 24th. Finally, UBS Group restated a "neutral" rating and issued a $47.00 price objective (down previously from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Portland General Electric currently has a consensus rating of "Hold" and an average target price of $45.89.

Portland General Electric Price Performance

Shares of NYSE:POR traded down $0.67 during midday trading on Wednesday, reaching $43.04. The company's stock had a trading volume of 218,740 shares, compared to its average volume of 1,024,521. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. The company has a market capitalization of $4.71 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.11 and a beta of 0.49. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85. The business's fifty day simple moving average is $43.56 and its 200-day simple moving average is $44.40.

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

Portland General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 24th will be given a $0.525 dividend. This is a positive change from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Tuesday, June 24th. Portland General Electric's dividend payout ratio (DPR) is currently 66.45%.

Insider Transactions at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total value of $56,815.00. Following the transaction, the chief financial officer now owns 31,960 shares of the company's stock, valued at approximately $1,320,587.20. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Benjamin Felton sold 1,845 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $43.02, for a total transaction of $79,371.90. Following the completion of the transaction, the executive vice president now owns 32,646 shares of the company's stock, valued at $1,404,430.92. This trade represents a 5.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,795 shares of company stock worth $159,946. 0.40% of the stock is currently owned by company insiders.

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.