NewSquare Capital LLC Raises Position in Portland General Electric (NYSE:POR)

NewSquare Capital LLC boosted its stake in Portland General Electric (NYSE:POR) by 72.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,219 shares of the utilities provider’s stock after buying an additional 3,859 shares during the period. NewSquare Capital LLC’s holdings in Portland General Electric were worth $499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of POR. Steward Partners Investment Advisory LLC purchased a new position in shares of Portland General Electric during the second quarter valued at approximately $27,000. Assetmark Inc. purchased a new position in shares of Portland General Electric during the second quarter valued at approximately $42,000. IMA Wealth Inc. purchased a new position in shares of Portland General Electric during the second quarter valued at approximately $43,000. HM Payson & Co. purchased a new position in shares of Portland General Electric during the second quarter valued at approximately $54,000. Finally, Krane Funds Advisors LLC purchased a new position in shares of Portland General Electric during the second quarter valued at approximately $57,000. Institutional investors and hedge funds own 93.65% of the company’s stock.

Several equities analysts have recently issued reports on POR shares. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Wednesday, August 21st. Sidoti started coverage on shares of Portland General Electric in a report on Friday. They set a “neutral” rating and a $57.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $52.25.

Shares of POR stock traded up $0.03 during trading hours on Tuesday, hitting $56.40. 7,306 shares of the company’s stock traded hands, compared to its average volume of 583,929. The stock’s fifty day simple moving average is $56.29 and its two-hundred day simple moving average is $54.10. Portland General Electric has a 12-month low of $43.73 and a 12-month high of $58.43. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 4.98 and a beta of 0.18. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 0.99.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.23). The firm had revenue of $460.00 million for the quarter, compared to the consensus estimate of $466.66 million. Portland General Electric had a net margin of 9.61% and a return on equity of 7.93%. Portland General Electric’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. On average, equities analysts forecast that Portland General Electric will post 2.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, September 25th will be given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Tuesday, September 24th. Portland General Electric’s dividend payout ratio (DPR) is currently 64.98%.

In related news, VP Kristin Anne Stathis sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the vice president now owns 8,359 shares of the company’s stock, valued at $483,735.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by company insiders.

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, 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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