Teza Capital Management LLC Has $745,000 Stock Holdings in Portland General Electric (NYSE:POR)

Teza Capital Management LLC lessened its position in Portland General Electric (NYSE:POR) by 82.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,090 shares of the utilities provider’s stock after selling 78,100 shares during the quarter. Teza Capital Management LLC’s holdings in Portland General Electric were worth $745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System raised its position in Portland General Electric by 0.8% in the 4th quarter. Arizona State Retirement System now owns 29,912 shares of the utilities provider’s stock valued at $1,305,000 after buying an additional 245 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Portland General Electric by 3.2% during the 4th quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider’s stock worth $379,000 after purchasing an additional 269 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Portland General Electric by 4.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 7,282 shares of the utilities provider’s stock worth $318,000 after purchasing an additional 291 shares during the last quarter. Texas Yale Capital Corp. increased its position in shares of Portland General Electric by 2.6% during the 4th quarter. Texas Yale Capital Corp. now owns 11,920 shares of the utilities provider’s stock worth $520,000 after purchasing an additional 300 shares during the last quarter. Finally, Choreo LLC increased its position in shares of Portland General Electric by 1.4% during the 4th quarter. Choreo LLC now owns 26,511 shares of the utilities provider’s stock worth $1,166,000 after purchasing an additional 371 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on POR. KeyCorp lowered Portland General Electric from an “overweight” rating to a “sector weight” rating and set a $51.00 price target on the stock. in a research report on Wednesday, May 14th. UBS Group raised Portland General Electric from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $50.00 in a research report on Monday, May 5th. Barclays lowered their price target on Portland General Electric from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 30th. LADENBURG THALM/SH SH lowered Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research report on Tuesday, February 18th. Finally, Evercore ISI lowered their price target on Portland General Electric from $51.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Portland General Electric has an average rating of “Hold” and an average price target of $45.60.

Insider Activity at Portland General Electric

In related news, EVP Benjamin Felton sold 1,845 shares of the business’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total value of $79,371.90. Following the completion of the sale, the executive vice president now directly owns 32,646 shares in the company, valued at $1,404,430.92. The trade was a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Portland General Electric Stock Performance

Shares of NYSE POR opened at $42.71 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. Portland General Electric has a 12 month low of $40.05 and a 12 month high of $49.85. The stock has a 50 day moving average of $42.90 and a 200-day moving average of $43.66. The company has a market capitalization of $4.68 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.11 and a beta of 0.57.

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

Portland General Electric Increases Dividend

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

Portland General Electric Company 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.