Dean Capital Adds Portland General Electric Shares

Core Insights - Dean Capital Management has initiated a new stake in Portland General Electric by purchasing 79,207 shares valued at $3.8 million as of quarter-end [1][5] - The company has a diversified generation portfolio and extensive transmission infrastructure, serving nearly a million customers in the Pacific Northwest [4][8] - Portland General Electric's stock has performed well, gaining 18.2% over the last year, with a total return of 24% including dividends, outperforming the S&P 500 index [6] Company Overview - Revenue for Portland General Electric is reported at $3.4 billion, with a net income of $306 million and a dividend yield of 4.0% [3] - The company's stock price was $52.44 as of market close on February 20 [3] - The company operates thermal, wind, and hydroelectric facilities across Oregon, generating revenue primarily through regulated retail and wholesale sales of electricity [8] Recent Developments - Dean Capital's new position in Portland General Electric is now the sixth-largest among its 118 holdings, representing 1.6% of its $234.7 million assets under management [5] - The company's adjusted earnings per share decreased from $3.14 to $3.05 last year, but it anticipates growth due to high demand in areas influenced by generative artificial intelligence [9] - Portland General Electric has agreed to acquire certain operations from PacifiCorp for $1.9 billion, expanding its market presence [9]