Russell Investments Group Ltd. raised its position in shares of Portland General Electric Company (NYSE:POR - Free Report) by 40.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 264,569 shares of the utilities provider's stock after purchasing an additional 75,775 shares during the period. Russell Investments Group Ltd. owned 0.22% of Portland General Electric worth $13,714,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in shares of Portland General Electric by 76.4% during the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider's stock valued at $26,000 after buying an additional 239 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Portland General Electric in the 3rd quarter worth approximately $27,000. Rothschild Investment LLC grew its holdings in Portland General Electric by 112.9% in the 4th quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider's stock worth $29,000 after buying an additional 324 shares in the last quarter. SHP Wealth Management acquired a new stake in Portland General Electric in the 4th quarter valued at approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Portland General Electric by 272.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 719 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 526 shares during the period.
Portland General Electric Stock Performance
NYSE:POR opened at $50.74 on Friday. Portland General Electric Company has a twelve month low of $41.80 and a twelve month high of $54.62. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $51.08 and a 200-day moving average of $51.32. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.18 and a beta of 0.52.
Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The business had revenue of $814.00 million during the quarter, compared to analyst estimates of $839.75 million. During the same period in the prior year, the firm earned $0.66 EPS. The business's revenue for the quarter was up .9% on a year-over-year basis. Analysts forecast that Portland General Electric Company will post 3.4 earnings per share for the current fiscal year.
Portland General Electric Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be given a $0.5513 dividend. The ex-dividend date is Friday, September 25th. This represents a $2.21 annualized dividend and a yield of 4.3%. Portland General Electric's payout ratio is 96.92%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Portland General Electric from $51.00 to $54.00 and gave the stock a "neutral" rating in a research report on Monday, April 20th. Zacks Research upgraded shares of Portland General Electric from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Portland General Electric from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. BMO Capital Markets set a $52.00 price objective on shares of Portland General Electric in a report on Tuesday, August 4th. Finally, Wells Fargo & Company set a $51.00 target price on shares of Portland General Electric in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $51.25.
Check Out Our Latest Analysis on POR
Insider Activity
In other Portland General Electric news, Director Michael A. Lewis sold 1,537 shares of the company's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $51.83, for a total value of $79,662.71. Following the transaction, the director owned 15,045 shares of the company's stock, valued at approximately $779,782.35. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company's stock.
Portland General Electric Company Profile
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Free Report)
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.
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