Jackson Creek Investment Advisors LLC Takes Position in Portland General Electric Company $POR

Jackson Creek Investment Advisors LLC bought a new stake in Portland General Electric Company (NYSE:POR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,780 shares of the utilities provider’s stock, valued at approximately $1,381,000.

A number of other hedge funds also recently modified their holdings of the business. AlphaQuest LLC lifted its holdings in shares of Portland General Electric by 50.6% in the fourth quarter. AlphaQuest LLC now owns 51,576 shares of the utilities provider’s stock valued at $2,475,000 after purchasing an additional 17,330 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Portland General Electric by 61.6% in the fourth quarter. Hantz Financial Services Inc. now owns 6,908 shares of the utilities provider’s stock valued at $332,000 after purchasing an additional 2,632 shares in the last quarter. OLD Republic International Corp lifted its holdings in shares of Portland General Electric by 10.9% in the fourth quarter. OLD Republic International Corp now owns 687,500 shares of the utilities provider’s stock valued at $32,993,000 after purchasing an additional 67,500 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of Portland General Electric in the fourth quarter valued at $2,251,000. Finally, LSV Asset Management lifted its holdings in shares of Portland General Electric by 34.1% in the fourth quarter. LSV Asset Management now owns 799,147 shares of the utilities provider’s stock valued at $38,351,000 after purchasing an additional 203,400 shares in the last quarter.

Portland General Electric Price Performance

Shares of NYSE:POR opened at $51.19 on Thursday. 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 1 year low of $39.54 and a 1 year high of $54.62. The business has a fifty day simple moving average of $51.14 and a 200 day simple moving average of $50.55. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 22.85, a P/E/G ratio of 2.09 and a beta of 0.54.

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

Portland General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.5513 per share. The ex-dividend date of this dividend is Thursday, June 25th. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.53. This represents a $2.21 annualized dividend and a yield of 4.3%. Portland General Electric’s dividend payout ratio (DPR) is currently 93.75%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on POR. Barclays increased their target price on Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday, February 17th. UBS Group increased their target price on Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $55.00 target price on shares of Portland General Electric in a report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and a consensus price target of $51.00.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, Director Robert N. Hoglund bought 2,000 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $48.80 per share, with a total value of $97,600.00. Following the completion of the transaction, the director directly owned 2,519 shares of the company’s stock, valued at $122,927.20. This represents a 385.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Benjamin Felton sold 4,969 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $266,139.64. Following the transaction, the executive vice president directly owned 41,081 shares in the company, valued at $2,200,298.36. The trade was a 10.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 15,219 shares of company stock valued at $767,707. Corporate insiders own 0.52% of the company’s stock.

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.