Sapience Investments LLC Has $1.78 Million Position in Portland General Electric (NYSE:POR)

Sapience Investments LLC cut its stake in shares of Portland General Electric (NYSE:POR) by 14.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,797 shares of the utilities provider’s stock after selling 6,712 shares during the quarter. Sapience Investments LLC’s holdings in Portland General Electric were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new position in Portland General Electric in the 4th quarter valued at approximately $29,000. Cullen Frost Bankers Inc. raised its holdings in Portland General Electric by 1,538.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider’s stock worth $36,000 after buying an additional 769 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Portland General Electric in the fourth quarter valued at about $52,000. EverSource Wealth Advisors LLC raised its holdings in shares of Portland General Electric by 352.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,407 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Quarry LP increased its holdings in Portland General Electric by 110.4% during the fourth quarter. Quarry LP now owns 1,471 shares of the utilities provider’s stock worth $64,000 after buying an additional 772 shares during the last quarter.

Portland General Electric Price Performance

Shares of NYSE:POR opened at $42.68 on Friday. The firm’s 50 day moving average price is $42.92 and its 200-day moving average price is $43.73. Portland General Electric has a twelve month low of $40.05 and a twelve month high of $49.85. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $4.67 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The company had revenue of $928.00 million for the quarter, compared to analysts’ expectations of $977.02 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $1.21 earnings per share. Equities research analysts expect that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 4.92%. The ex-dividend date is Tuesday, June 24th. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.50. Portland General Electric’s payout ratio is 73.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on POR. Evercore ISI cut their price objective on shares of Portland General Electric from $51.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Jefferies Financial Group decreased their target price on shares of Portland General Electric from $47.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, January 28th. 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 research report on Tuesday, February 18th. KeyCorp cut shares of Portland General Electric from an “overweight” rating to a “sector weight” rating and set a $51.00 target price on the stock. in a report on Wednesday. Finally, Barclays dropped their target price on shares of Portland General Electric from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.50.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the company’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 completion of the sale, the chief financial officer now directly owns 31,960 shares in the company, valued at $1,320,587.20. This represents a 4.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Benjamin Felton sold 1,845 shares of the company’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $43.02, for a total value of $79,371.90. Following the completion of the transaction, the executive vice president now directly owns 32,646 shares in the company, valued at approximately $1,404,430.92. This trade represents a 5.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,795 shares of company stock worth $159,946 over the last quarter. Insiders own 0.40% of the company’s stock.

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.