Van Lanschot Kempen Investment Management N.V. Makes New $5.08 Million Investment in Portland General Electric (NYSE:POR)

Van Lanschot Kempen Investment Management N.V. bought a new position in Portland General Electric (NYSE:POR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 116,544 shares of the utilities provider's stock, valued at approximately $5,084,000. Van Lanschot Kempen Investment Management N.V. owned approximately 0.11% of Portland General Electric as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in POR. Tower Research Capital LLC TRC boosted its stake in Portland General Electric by 185.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,951 shares of the utilities provider's stock valued at $521,000 after purchasing an additional 7,758 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Portland General Electric by 15.5% during the fourth quarter. MML Investors Services LLC now owns 63,348 shares of the utilities provider's stock valued at $2,763,000 after purchasing an additional 8,515 shares in the last quarter. Natixis purchased a new stake in shares of Portland General Electric during the fourth quarter valued at $306,000. MetLife Investment Management LLC increased its holdings in Portland General Electric by 8.6% in the 4th quarter. MetLife Investment Management LLC now owns 119,551 shares of the utilities provider's stock worth $5,215,000 after buying an additional 9,515 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Portland General Electric by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,643,769 shares of the utilities provider's stock worth $71,701,000 after buying an additional 59,861 shares during the last quarter.

Insider Buying and Selling

In other Portland General Electric news, 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 completion of the transaction, the executive vice president now owns 32,646 shares in the company, valued at $1,404,430.92. This trade represents a 5.35 % 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, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total transaction of $56,815.00. Following the completion of the sale, the chief financial officer now owns 31,960 shares in the company, valued at approximately $1,320,587.20. This trade represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,795 shares of company stock worth $159,946. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

POR has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price target on shares of 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $44.00 price target (down from $50.00) on shares of Portland General Electric in a report on Thursday, April 10th. StockNews.com downgraded Portland General Electric from a "hold" rating to a "sell" rating in a report on Thursday, April 3rd. UBS Group restated a "neutral" rating and set a $47.00 price target (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Finally, LADENBURG THALM/SH SH downgraded shares of Portland General Electric from a "buy" rating to a "neutral" rating and set a $42.00 price objective on the stock. in a report on Tuesday, February 18th. 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $45.89.

Portland General Electric Price Performance

Shares of POR stock traded down $1.47 on Friday, hitting $41.51. 1,847,314 shares of the stock traded hands, compared to its average volume of 1,033,671. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.92 and a quick ratio of 0.81. Portland General Electric has a 52 week low of $40.05 and a 52 week high of $49.85. The firm has a 50 day simple moving average of $43.62 and a two-hundred day simple moving average of $44.37. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.11 and a beta of 0.49.

Portland General Electric (NYSE:POR - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by ($0.21). Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The business had revenue of $928.00 million during the quarter, compared to the consensus estimate of $977.02 million. During the same period last year, the company earned $1.21 EPS. As a group, equities research analysts predict that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 24th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 5.06%. This is a boost from Portland General Electric's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, June 24th. Portland General Electric's payout ratio is 66.45%.

Portland General Electric 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.