Kennedy Capital Management LLC trimmed its position in Portland General Electric (NYSE:POR - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,959 shares of the utilities provider's stock after selling 26,757 shares during the period. Kennedy Capital Management LLC's holdings in Portland General Electric were worth $2,048,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 572,531 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Portland General Electric by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 3,333,393 shares of the utilities provider's stock worth $145,403,000 after buying an additional 93,903 shares during the last quarter. Geode Capital Management LLC grew its holdings in Portland General Electric by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,491,658 shares of the utilities provider's stock valued at $108,710,000 after buying an additional 47,172 shares in the last quarter. Invesco Ltd. increased its stake in shares of Portland General Electric by 14.1% in the 4th quarter. Invesco Ltd. now owns 2,200,086 shares of the utilities provider's stock worth $95,968,000 after acquiring an additional 271,540 shares during the last quarter. Finally, Channing Capital Management LLC raised its holdings in shares of Portland General Electric by 7.2% during the 4th quarter. Channing Capital Management LLC now owns 1,831,864 shares of the utilities provider's stock worth $79,906,000 after acquiring an additional 123,223 shares during the period.
Insider Activity
In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the firm's 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 directly owns 31,960 shares in the company, valued at $1,320,587.20. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Benjamin Felton sold 1,845 shares of the firm'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 sale, the executive vice president now directly owns 32,646 shares in the company, 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 quarter, 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 Stock Down 0.0 %
Shares of POR traded down $0.01 during mid-day trading on Friday, hitting $42.99. 932,282 shares of the company's stock were exchanged, compared to its average volume of 1,027,625. 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 P/E/G ratio of 1.11 and a beta of 0.49. The stock's 50-day moving average is $43.51 and its 200-day moving average is $44.48. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85.
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 (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $824.00 million for the quarter, compared to analyst estimates of $716.17 million. During the same period in the prior year, the business earned $0.67 EPS. On average, sell-side analysts anticipate that Portland General Electric will post 3.21 earnings per share for the current fiscal year.
Portland General Electric Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis 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 currently 66.45%.
Analysts Set New Price Targets
POR has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of Portland General Electric from $50.00 to $51.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Barclays upped their price objective on Portland General Electric from $42.00 to $47.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Jefferies Financial Group cut their target price on Portland General Electric from $47.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, January 28th. UBS Group restated a "neutral" rating and issued a $47.00 target price (down previously from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $44.00 price objective (down from $50.00) on shares of Portland General Electric in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Portland General Electric has an average rating of "Hold" and an average price target of $45.78.
Read Our Latest Stock Analysis on POR
Portland General Electric Company Profile
(
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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