Capstone Investment Advisors LLC Purchases 35,991 Shares of Portland General Electric (NYSE:POR)

Capstone Investment Advisors LLC raised its holdings in shares of Portland General Electric (NYSE:PORFree Report) by 321.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,190 shares of the utilities provider’s stock after buying an additional 35,991 shares during the period. Capstone Investment Advisors LLC’s holdings in Portland General Electric were worth $2,045,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in Portland General Electric during the 4th quarter valued at about $25,000. Fifth Third Bancorp lifted its holdings in shares of Portland General Electric by 181.8% in the 4th quarter. Fifth Third Bancorp now owns 634 shares of the utilities provider’s stock worth $27,000 after buying an additional 409 shares during the period. BKM Wealth Management LLC bought a new position in shares of Portland General Electric during the 4th quarter worth $33,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Portland General Electric during the fourth quarter valued at $38,000. Finally, GAMMA Investing LLC purchased a new position in shares of Portland General Electric during the fourth quarter valued at $38,000.

Insiders Place Their Bets

In other Portland General Electric news, COO Benjamin Felton sold 3,500 shares of Portland General Electric stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $40.60, for a total value of $142,100.00. Following the completion of the transaction, the chief operating officer now owns 31,950 shares of the company’s stock, valued at $1,297,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Benjamin Felton sold 3,500 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $40.60, for a total value of $142,100.00. Following the completion of the sale, the chief operating officer now owns 31,950 shares of the company’s stock, valued at approximately $1,297,170. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Maria Angelica Espinosa sold 2,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $44.30, for a total transaction of $88,600.00. Following the transaction, the senior vice president now directly owns 16,763 shares in the company, valued at $742,600.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,463 shares of company stock worth $274,064. Corporate insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

POR has been the topic of several recent research reports. Mizuho increased their target price on shares of Portland General Electric from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. StockNews.com raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Bank of America cut Portland General Electric from a “buy” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $43.00 in a research report on Monday, February 5th. Finally, Barclays reduced their price target on Portland General Electric from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Get Our Latest Report on Portland General Electric

Portland General Electric Stock Down 1.5 %

POR stock traded down $0.66 on Wednesday, hitting $42.74. 630,667 shares of the company’s stock were exchanged, compared to its average volume of 968,125. The firm has a 50 day moving average price of $42.81 and a two-hundred day moving average price of $42.05. Portland General Electric has a 12-month low of $38.01 and a 12-month high of $50.18. The stock has a market cap of $4.40 billion, a P/E ratio of 16.38 and a beta of 0.56. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.09 and a current ratio of 1.22.

Portland General Electric (NYSE:PORGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.12. The firm had revenue of $929.00 million for the quarter, compared to the consensus estimate of $828.94 million. Portland General Electric had a net margin of 8.51% and a return on equity of 8.50%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 earnings per share. As a group, equities research analysts expect that Portland General Electric will post 3.08 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 24th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Monday, June 24th. This is a boost from Portland General Electric’s previous quarterly dividend of $0.48. Portland General Electric’s dividend payout ratio (DPR) is 72.80%.

Portland General Electric 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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Institutional Ownership by Quarter for Portland General Electric (NYSE:POR)

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