46,900 Shares in Portland General Electric Company $POR Purchased by Legato Capital Management LLC

Legato Capital Management LLC acquired a new position in shares of Portland General Electric Company (NYSE:POR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 46,900 shares of the utilities provider’s stock, valued at approximately $2,251,000.

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

Insider Buying and Selling

In related news, Director Robert N. Hoglund acquired 2,000 shares of the stock in a transaction dated 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 purchase, the director owned 2,519 shares in the company, valued at approximately $122,927.20. This trade represents a 385.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Benjamin Felton sold 4,969 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $53.56, for a total value of $266,139.64. Following the completion of the sale, the executive vice president owned 41,081 shares in the company, valued at approximately $2,200,298.36. This represents a 10.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 15,219 shares of company stock valued at $767,707. 0.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

POR has been the subject of several recent research reports. BTIG Research reaffirmed a “buy” rating and issued a $58.00 price target on shares of Portland General Electric in a report on Friday, January 30th. Wells Fargo & Company set a $51.00 price target on Portland General Electric in a report on Tuesday, April 21st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 price target on shares of Portland General Electric in a report on Thursday, February 19th. Barclays upped their price target 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Portland General Electric has an average rating of “Hold” and a consensus price target of $51.00.

Portland General Electric Trading Up 0.5%

Portland General Electric stock opened at $49.81 on Friday. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $54.62. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.09 and a beta of 0.54. The business has a 50 day moving average price of $51.31 and a two-hundred day moving average price of $50.47. The company has a quick ratio of 0.95, a current ratio of 1.09 and a debt-to-equity ratio of 1.19.

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

Portland General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be paid a $0.5513 dividend. The ex-dividend date is Thursday, June 25th. This represents a $2.21 annualized dividend and a dividend yield of 4.4%. This is an increase from Portland General Electric’s previous quarterly dividend of $0.53. Portland General Electric’s dividend payout ratio is currently 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.