Fuller & Thaler Asset Management Inc. boosted its position in shares of Portland General Electric (NYSE:POR - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,959,660 shares of the utilities provider's stock after acquiring an additional 635,987 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 3.75% of Portland General Electric worth $172,720,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Portland General Electric during the 4th quarter valued at about $29,000. Versant Capital Management Inc increased its holdings 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 valued at $33,000 after buying an additional 450 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings 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 valued at $36,000 after buying an additional 769 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Portland General Electric in the fourth quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Portland General Electric by 352.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the utilities provider's stock worth $61,000 after acquiring an additional 1,096 shares during the last quarter.
Portland General Electric Price Performance
POR stock opened at $43.68 on Wednesday. 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's fifty day moving average price is $43.56 and its 200-day moving average price is $44.40. Portland General Electric has a one year low of $40.05 and a one year high of $49.85. The company has a market capitalization of $4.78 billion, a PE ratio of 14.51, a price-to-earnings-growth 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 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $824.00 million for the quarter, compared to analysts' expectations of $716.17 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. During the same quarter in the previous year, the company earned $0.67 EPS. On average, equities analysts anticipate that Portland General Electric will post 3.21 EPS for the current fiscal year.
Portland General Electric Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be paid a $0.525 dividend. This is an increase from Portland General Electric's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, June 24th. This represents a $2.10 dividend on an annualized basis and a yield of 4.81%. Portland General Electric's payout ratio is presently 66.45%.
Insider Transactions at Portland General Electric
In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total transaction of $56,815.00. Following the sale, the chief financial officer now owns 31,960 shares of the company's stock, valued at $1,320,587.20. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Benjamin Felton sold 1,845 shares of the stock in a transaction 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 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. Insiders have sold 3,795 shares of company stock valued at $159,946 in the last ninety days. Corporate insiders own 0.40% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on POR. Jefferies Financial Group decreased their target price on Portland General Electric from $47.00 to $42.00 and set a "hold" rating on the stock in a report on Tuesday, January 28th. Barclays lifted their price objective on Portland General Electric from $47.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday. UBS Group reiterated a "neutral" rating and set a $47.00 price objective (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Evercore ISI raised their target price on shares of Portland General Electric from $50.00 to $51.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, Bank of America dropped their price target on shares of 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $45.89.
Check Out Our Latest Stock Analysis on POR
About Portland General Electric
(
Free Report)
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.
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