GSA Capital Partners LLP Invests $509,000 in Portland General Electric (POR) Stock
GSA Capital Partners LLP bought a new position in shares of Portland General Electric (NYSE:POR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,095 shares of the utilities provider’s stock, valued at approximately $509,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its position in Portland General Electric by 20.8% in the 4th quarter. BlackRock Inc. now owns 8,758,280 shares of the utilities provider’s stock valued at $401,568,000 after purchasing an additional 1,510,055 shares in the last quarter. Man Group plc grew its position in Portland General Electric by 142.5% during the third quarter. Man Group plc now owns 1,392,790 shares of the utilities provider’s stock valued at $63,525,000 after acquiring an additional 818,425 shares during the period. Teachers Advisors LLC grew its position in Portland General Electric by 244.2% during the third quarter. Teachers Advisors LLC now owns 800,131 shares of the utilities provider’s stock valued at $36,494,000 after acquiring an additional 567,651 shares during the period. Scout Investments Inc. purchased a new stake in Portland General Electric during the fourth quarter valued at about $18,458,000. Finally, Copper Rock Capital Partners LLC purchased a new stake in Portland General Electric during the fourth quarter valued at about $15,068,000. 95.69% of the stock is currently owned by hedge funds and other institutional investors.
In other Portland General Electric news, VP Larry Neal Bekkedahl sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $49.70, for a total transaction of $134,190.00. Following the sale, the vice president now owns 9,829 shares in the company, valued at $488,501.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company’s stock.
Shares of NYSE POR opened at $51.94 on Friday. Portland General Electric has a 52-week low of $39.09 and a 52-week high of $52.42. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 5.40 and a beta of 0.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 0.81.
Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, February 15th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Portland General Electric had a return on equity of 8.56% and a net margin of 10.65%. The firm had revenue of $524.00 million for the quarter, compared to analysts’ expectations of $520.95 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. As a group, equities research analysts predict that Portland General Electric will post 2.44 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, March 25th will be paid a dividend of $0.3625 per share. This represents a $1.45 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, March 22nd. Portland General Electric’s payout ratio is currently 61.18%.
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About Portland General Electric
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. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.
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