Portland General Electric (POR) Holdings Cut by Regentatlantic Capital LLC

Regentatlantic Capital LLC cut its position in Portland General Electric (NYSE:POR) by 18.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,963 shares of the utilities provider’s stock after selling 1,142 shares during the quarter. Regentatlantic Capital LLC’s holdings in Portland General Electric were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Macquarie Group Ltd. raised its holdings in shares of Portland General Electric by 11.1% during the second quarter. Macquarie Group Ltd. now owns 16,000 shares of the utilities provider’s stock valued at $684,000 after purchasing an additional 1,600 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Portland General Electric by 3.1% during the second quarter. Aperio Group LLC now owns 55,926 shares of the utilities provider’s stock valued at $2,391,000 after purchasing an additional 1,691 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Portland General Electric by 9.0% during the third quarter. State of Alaska Department of Revenue now owns 21,546 shares of the utilities provider’s stock valued at $982,000 after purchasing an additional 1,780 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Portland General Electric by 4.6% during the second quarter. Whittier Trust Co. now owns 42,862 shares of the utilities provider’s stock valued at $1,832,000 after purchasing an additional 1,894 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Portland General Electric by 13.4% during the second quarter. Advisors Asset Management Inc. now owns 20,925 shares of the utilities provider’s stock valued at $895,000 after purchasing an additional 2,472 shares during the last quarter. 92.98% of the stock is owned by institutional investors and hedge funds.

In other Portland General Electric news, VP William David Robertson sold 4,380 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $45.78, for a total transaction of $200,516.40. Following the completion of the sale, the vice president now directly owns 16,024 shares of the company’s stock, valued at $733,578.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on POR. Wells Fargo & Co boosted their price objective on shares of Portland General Electric from $47.00 to $48.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Zacks Investment Research cut shares of Portland General Electric from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. ValuEngine raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Bank of America raised shares of Portland General Electric from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 30th. Finally, Williams Capital raised shares of Portland General Electric from a “sell” rating to a “hold” rating and boosted their price objective for the company from $41.00 to $44.00 in a report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Portland General Electric currently has a consensus rating of “Hold” and a consensus target price of $43.83.

Shares of POR stock opened at $44.80 on Friday. Portland General Electric has a 12 month low of $39.02 and a 12 month high of $50.11. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 5.80 and a beta of 0.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.90 and a quick ratio of 0.60.

Portland General Electric (NYSE:POR) last announced its earnings results on Friday, October 26th. The utilities provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.09. Portland General Electric had a net margin of 10.34% and a return on equity of 9.05%. The business had revenue of $525.00 million during the quarter, compared to analysts’ expectations of $527.63 million. During the same period in the prior year, the company earned $0.44 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts predict that Portland General Electric will post 2.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 26th will be issued a dividend of $0.3625 per share. The ex-dividend date is Monday, December 24th. This represents a $1.45 dividend on an annualized basis and a yield of 3.24%. Portland General Electric’s dividend payout ratio is currently 63.32%.

About Portland General Electric

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, 2017, it owned an electric transmission system consisting of 1,250 circuit miles, including 287 circuit miles of 500 kilovolt line, 402 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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