Dean Investment Associates LLC Has $3.29 Million Stake in Portland General Electric (NYSE:POR)

Dean Investment Associates LLC lessened its holdings in shares of Portland General Electric (NYSE:POR - Free Report) by 48.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,682 shares of the utilities provider's stock after selling 63,906 shares during the quarter. Dean Investment Associates LLC owned approximately 0.07% of Portland General Electric worth $3,290,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in POR. V Square Quantitative Management LLC acquired a new position in Portland General Electric during the third quarter valued at approximately $25,000. Allworth Financial LP lifted its position in Portland General Electric by 74.4% during the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider's stock worth $30,000 after acquiring an additional 265 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Portland General Electric during the second quarter valued at about $33,000. Blue Trust Inc. grew its position in shares of Portland General Electric by 94.5% in the second quarter. Blue Trust Inc. now owns 928 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 451 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Portland General Electric in the second quarter worth about $40,000.

Portland General Electric Price Performance

POR traded down $0.41 during midday trading on Friday, reaching $46.05. 381,104 shares of the company's stock were exchanged, compared to its average volume of 782,671. Portland General Electric has a one year low of $39.13 and a one year high of $49.85. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. The business has a 50-day simple moving average of $47.31 and a two-hundred day simple moving average of $46.25. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.28.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, October 25th. The utilities provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. Portland General Electric had a return on equity of 10.28% and a net margin of 10.30%. The business had revenue of $929.00 million for the quarter, compared to analyst estimates of $882.66 million. During the same quarter in the previous year, the firm earned $0.46 EPS. Portland General Electric's quarterly revenue was up 15.8% on a year-over-year basis. As a group, research analysts predict that Portland General Electric will post 3.11 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 24th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.34%. The ex-dividend date is Tuesday, December 24th. Portland General Electric's dividend payout ratio is currently 59.70%.

Analyst Upgrades and Downgrades

POR has been the subject of several recent analyst reports. Barclays decreased their target price on Portland General Electric from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th. StockNews.com upgraded shares of Portland General Electric from a "sell" rating to a "hold" rating in a research note on Tuesday, September 24th. Bank of America initiated coverage on shares of Portland General Electric in a research note on Thursday, September 12th. They set an "underperform" rating and a $47.00 target price for the company. KeyCorp decreased their price target on shares of Portland General Electric from $52.00 to $51.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Portland General Electric from $54.00 to $55.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $49.13.

Insider Buying and Selling at Portland General Electric

In related news, SVP Maria Angelica Espinosa sold 2,500 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $48.30, for a total transaction of $120,750.00. Following the completion of the sale, the senior vice president now directly owns 14,263 shares of the company's stock, valued at $688,902.90. This trade represents a 14.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.54% of the company's stock.

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.