Portland General Electric Company $POR Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Portland General Electric Company (NYSE:POR) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,831,142 shares of the utilities provider’s stock after purchasing an additional 18,146 shares during the period. Dimensional Fund Advisors LP’s holdings in Portland General Electric were worth $96,629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of POR. V Square Quantitative Management LLC bought a new stake in shares of Portland General Electric in the 4th quarter worth approximately $25,000. Private Trust Co. NA increased its holdings in shares of Portland General Electric by 76.4% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Portland General Electric during the 3rd quarter valued at $27,000. Rothschild Investment LLC boosted its stake in shares of Portland General Electric by 112.9% during the 4th quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 324 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in shares of Portland General Electric during the 4th quarter worth $34,000.

Insider Activity at Portland General Electric

In related news, Director Robert N. Hoglund purchased 2,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $48.80 per share, for a total transaction of $97,600.00. Following the transaction, the director directly owned 2,519 shares of the company’s stock, valued at approximately $122,927.20. This trade represents a 385.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $49.03, for a total transaction of $367,725.00. Following the transaction, the chief financial officer owned 31,897 shares in the company, valued at approximately $1,563,909.91. The trade was a 19.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,787 shares of company stock worth $581,230. 0.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on POR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. BMO Capital Markets lowered their price objective on shares of Portland General Electric from $55.00 to $54.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 22nd. Zacks Research lowered Portland General Electric from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped 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. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Portland General Electric currently has a consensus rating of “Reduce” and a consensus price target of $50.90.

Portland General Electric Stock Performance

Shares of NYSE POR opened at $50.31 on Thursday. Portland General Electric Company has a one year low of $40.81 and a one year high of $54.62. The business’s 50-day moving average price is $51.18 and its two-hundred day moving average price is $51.33. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.09 and a quick ratio of 0.95. The company has a market capitalization of $5.82 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.15 and a beta of 0.52.

Portland General Electric (NYSE:POR) last released 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). The business had revenue of $879.00 million during the quarter, compared to analyst estimates of $953.24 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. Analysts anticipate that Portland General Electric Company will post 3.38 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be paid a $0.5513 dividend. The ex-dividend date is Friday, September 25th. This represents a $2.21 annualized dividend and a dividend yield of 4.4%. Portland General Electric’s dividend payout ratio (DPR) is presently 98.21%.

About Portland General Electric

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.