Public Employees Retirement System of Ohio Increases Position in Portland General Electric Company (POR)

Public Employees Retirement System of Ohio lifted its holdings in Portland General Electric Company (NYSE:POR) by 4.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,478 shares of the utilities provider’s stock after purchasing an additional 281 shares during the period. Public Employees Retirement System of Ohio’s holdings in Portland General Electric were worth $296,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. BlueMountain Capital Management LLC grew its holdings in shares of Portland General Electric by 0.3% in the second quarter. BlueMountain Capital Management LLC now owns 5,489 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 17 shares in the last quarter. Huntington National Bank grew its holdings in shares of Portland General Electric by 1.2% in the second quarter. Huntington National Bank now owns 2,809 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 34 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Portland General Electric by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 28,167 shares of the utilities provider’s stock valued at $1,287,000 after purchasing an additional 122 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Portland General Electric by 1.1% in the second quarter. Amalgamated Bank now owns 11,374 shares of the utilities provider’s stock valued at $520,000 after purchasing an additional 123 shares in the last quarter. Finally, First Midwest Bank Trust Division grew its holdings in shares of Portland General Electric by 2.4% in the second quarter. First Midwest Bank Trust Division now owns 7,121 shares of the utilities provider’s stock valued at $325,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 91.89% of the company’s stock.

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A number of research analysts recently weighed in on the stock. J P Morgan Chase & Co lifted their price objective on shares of Portland General Electric from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, October 30th. KeyCorp restated a “hold” rating on shares of Portland General Electric in a report on Friday, September 1st. BidaskClub upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Williams Capital cut shares of Portland General Electric from a “hold” rating to a “sell” rating and lowered their price target for the stock from $44.00 to $41.00 in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Portland General Electric currently has a consensus rating of “Hold” and an average price target of $46.00.

Portland General Electric Company (NYSE POR) opened at $49.72 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. Portland General Electric Company has a twelve month low of $40.71 and a twelve month high of $49.81. The company has a market cap of $4,349.49, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 5.69 and a beta of 0.29.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Friday, October 27th. The utilities provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. The company had revenue of $515.00 million during the quarter, compared to analysts’ expectations of $497.85 million. During the same quarter in the previous year, the business posted $0.38 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. equities analysts forecast that Portland General Electric Company will post 2.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 26th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Friday, December 22nd. Portland General Electric’s dividend payout ratio (DPR) is presently 59.13%.

Portland General Electric Profile

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

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

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