Quantamental Technologies LLC Acquires New Stake in Portland General Electric (POR)

Quantamental Technologies LLC acquired a new stake in shares of Portland General Electric (NYSE:POR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,942 shares of the utilities provider’s stock, valued at approximately $181,000.

Several other large investors also recently made changes to their positions in POR. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Portland General Electric during the 3rd quarter valued at $61,875,000. Man Group plc lifted its holdings in shares of Portland General Electric by 142.5% in the third quarter. Man Group plc now owns 1,392,790 shares of the utilities provider’s stock valued at $63,525,000 after purchasing an additional 818,425 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Portland General Electric by 244.2% in the third quarter. Teachers Advisors LLC now owns 800,131 shares of the utilities provider’s stock valued at $36,494,000 after purchasing an additional 567,651 shares in the last quarter. Scout Investments Inc. purchased a new stake in shares of Portland General Electric in the fourth quarter valued at $18,458,000. Finally, Copper Rock Capital Partners LLC purchased a new stake in shares of Portland General Electric in the fourth quarter valued at $15,068,000. Institutional investors own 96.88% of the company’s stock.

Portland General Electric stock opened at $47.70 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.90. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 6.02 and a beta of 0.27. Portland General Electric has a one year low of $39.02 and a one year high of $50.40.

A number of research firms have recently weighed in on POR. Zacks Investment Research raised shares of Portland General Electric from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research note on Friday, January 25th. ValuEngine raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Barclays upped their price target on shares of Portland General Electric from $42.00 to $43.00 and gave the stock a “sell” rating in a research note on Monday, November 19th. Finally, Bank of America raised shares of Portland General Electric from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Portland General Electric has an average rating of “Hold” and an average target price of $44.06.

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Portland General Electric 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, 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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