Portland General Electric Company $POR Shares Acquired by LSV Asset Management

LSV Asset Management increased its stake in Portland General Electric Company (NYSE:POR) by 34.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 799,147 shares of the utilities provider’s stock after purchasing an additional 203,400 shares during the quarter. LSV Asset Management’s holdings in Portland General Electric were worth $38,351,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of POR. Keudell Morrison Wealth Management acquired a new stake in Portland General Electric in the 4th quarter valued at about $608,000. Global Retirement Partners LLC lifted its holdings in Portland General Electric by 460.1% in the 4th quarter. Global Retirement Partners LLC now owns 4,167 shares of the utilities provider’s stock valued at $200,000 after acquiring an additional 3,423 shares during the last quarter. Leonteq Securities AG acquired a new stake in Portland General Electric in the 4th quarter valued at about $535,000. GSA Capital Partners LLP lifted its holdings in Portland General Electric by 683.5% in the 4th quarter. GSA Capital Partners LLP now owns 43,282 shares of the utilities provider’s stock valued at $2,077,000 after acquiring an additional 37,758 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Portland General Electric by 3.2% in the 4th quarter. HighTower Advisors LLC now owns 71,576 shares of the utilities provider’s stock valued at $3,435,000 after acquiring an additional 2,197 shares during the last quarter.

Portland General Electric Price Performance

POR stock opened at $49.81 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. Portland General Electric Company has a one year low of $39.54 and a one year high of $54.62. The firm has a market capitalization of $5.76 billion, a PE ratio of 22.24, a P/E/G ratio of 2.09 and a beta of 0.54. The firm has a 50-day moving average of $51.31 and a two-hundred day moving average of $50.49.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The firm had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $953.24 million. During the same period in the prior year, the company posted $0.91 earnings per share. Portland General Electric’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, analysts forecast that Portland General Electric Company will post 3.39 earnings per share for the current year.

Portland General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.5513 per share. This is a boost from Portland General Electric’s previous quarterly dividend of $0.53. This represents a $2.21 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 25th. Portland General Electric’s payout ratio is currently 93.75%.

Insider Activity

In other news, Director Robert N. Hoglund acquired 2,000 shares of Portland General Electric stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $48.80 per share, with a total value of $97,600.00. Following the completion of the purchase, the director owned 2,519 shares of the company’s stock, valued at $122,927.20. This represents a 385.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Juan Diego Gallegos sold 2,750 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $48.67, for a total transaction of $133,842.50. Following the sale, the vice president directly owned 12,127 shares of the company’s stock, valued at $590,221.09. This represents a 18.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,219 shares of company stock valued at $767,707 over the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on POR. Wells Fargo & Company set a $51.00 price target on shares of Portland General Electric in a report on Tuesday, April 21st. BTIG Research reissued a “buy” rating and issued a $58.00 price target on shares of Portland General Electric in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. Barclays upped their price target on shares of Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday, February 17th. Finally, UBS Group upped their price target on shares of Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Portland General Electric Profile

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.