Portland General Electric (NYSE:POR) Stock Holdings Raised by Foundry Partners LLC

Foundry Partners LLC raised its stake in Portland General Electric (NYSE:POR) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 365,385 shares of the utilities provider’s stock after acquiring an additional 10,327 shares during the period. Portland General Electric makes up 0.8% of Foundry Partners LLC’s holdings, making the stock its 14th biggest holding. Foundry Partners LLC’s holdings in Portland General Electric were worth $20,597,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in shares of Portland General Electric by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,331,028 shares of the utilities provider’s stock valued at $126,272,000 after buying an additional 39,500 shares during the period. Northern Trust Corp boosted its holdings in shares of Portland General Electric by 0.8% in the 2nd quarter. Northern Trust Corp now owns 1,886,790 shares of the utilities provider’s stock valued at $102,207,000 after buying an additional 15,178 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Portland General Electric by 3,749.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,097,810 shares of the utilities provider’s stock valued at $59,469,000 after buying an additional 1,069,289 shares during the period. Carlson Capital L P acquired a new position in shares of Portland General Electric in the 2nd quarter valued at about $37,690,000. Finally, Rothschild & Co. Asset Management US Inc. boosted its holdings in shares of Portland General Electric by 5.1% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 688,510 shares of the utilities provider’s stock valued at $37,297,000 after buying an additional 33,593 shares during the period. 93.56% of the stock is owned by institutional investors.

In other Portland General Electric news, VP Kristin Anne Stathis sold 4,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $57.87, for a total transaction of $231,480.00. Following the completion of the transaction, the vice president now directly owns 8,359 shares of the company’s stock, valued at approximately $483,735.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.39% of the company’s stock.

Several research analysts have recently commented on POR shares. Zacks Investment Research raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st. ValuEngine lowered shares of Portland General Electric from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Sidoti began coverage on shares of Portland General Electric in a report on Friday, September 27th. They issued a “neutral” rating and a $57.00 price target for the company. Finally, Mizuho raised shares of Portland General Electric from a “neutral” rating to a “buy” rating and boosted their target price for the company from $52.00 to $59.00 in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $54.00.

Portland General Electric stock traded up $0.18 during midday trading on Thursday, reaching $57.28. 67,363 shares of the stock traded hands, compared to its average volume of 628,861. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average price of $56.41 and a two-hundred day moving average price of $54.64. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 5.15 and a beta of 0.15. Portland General Electric has a fifty-two week low of $43.73 and a fifty-two week high of $58.43.

Portland General Electric (NYSE:POR) last posted its earnings results on Friday, August 2nd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.23). The firm had revenue of $460.00 million for the quarter, compared to analyst estimates of $466.66 million. Portland General Electric had a net margin of 9.61% and a return on equity of 7.93%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. Analysts anticipate that Portland General Electric will post 2.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Tuesday, September 24th. Portland General Electric’s payout ratio is 64.98%.

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. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.

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Institutional Ownership by Quarter for Portland General Electric (NYSE:POR)

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