GSA Capital Partners LLP Buys 37,758 Shares of Portland General Electric Company $POR

GSA Capital Partners LLP raised its stake in shares of Portland General Electric Company (NYSE:POR) by 683.5% in the 4th quarter, Holdings Channel reports. The firm owned 43,282 shares of the utilities provider’s stock after acquiring an additional 37,758 shares during the period. GSA Capital Partners LLP’s holdings in Portland General Electric were worth $2,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in POR. V Square Quantitative Management LLC bought a new position in shares of Portland General Electric during the 4th quarter valued at about $25,000. Private Trust Co. NA boosted its holdings in shares of Portland General Electric by 76.4% during the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Portland General Electric during the 3rd quarter valued at about $27,000. Johnson Financial Group Inc. bought a new position in shares of Portland General Electric during the 3rd quarter valued at about $27,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of Portland General Electric by 206.8% during the 3rd quarter. Clearstead Advisors LLC now owns 856 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 577 shares during the last quarter.

Insiders Place Their Bets

In other Portland General Electric news, VP Juan Diego Gallegos sold 2,750 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $48.67, for a total transaction of $133,842.50. Following the completion of the transaction, the vice president owned 12,127 shares in the company, valued at $590,221.09. The trade was a 18.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total value of $367,725.00. Following the transaction, the chief financial officer owned 31,897 shares of the company’s stock, valued at $1,563,909.91. This trade represents a 19.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,219 shares of company stock worth $767,707 over the last three months. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on POR shares. BTIG Research reiterated a “buy” rating and issued a $58.00 price target on shares of Portland General Electric in a research report on Friday, January 30th. Barclays lifted their price target on Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 17th. UBS Group lifted their price target on Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price target on shares of Portland General Electric in a research report on Thursday, February 19th. Finally, Wells Fargo & Company set a $51.00 price target on Portland General Electric in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.00.

Portland General Electric Trading Up 2.1%

POR opened at $49.29 on Wednesday. The firm has a market cap of $5.70 billion, a P/E ratio of 22.01, a P/E/G ratio of 2.02 and a beta of 0.54. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $54.62. The company has a current ratio of 1.09, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. The stock has a 50-day moving average of $51.47 and a 200 day moving average of $50.42.

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 during the quarter, compared to the consensus estimate of $953.24 million. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, research analysts forecast that Portland General Electric Company will post 3.4 EPS for the current 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. This represents a $2.21 annualized dividend and a dividend yield of 4.5%. This is a boost from Portland General Electric’s previous quarterly dividend of $0.53. The ex-dividend date is Thursday, June 25th. Portland General Electric’s dividend payout ratio (DPR) is presently 93.75%.

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.