Portland General Electric Company $POR Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC cut its holdings in shares of Portland General Electric Company (NYSE:POR) by 24.9% in the 4th quarter, Holdings Channel reports. The fund owned 43,680 shares of the utilities provider’s stock after selling 14,471 shares during the period. NFJ Investment Group LLC’s holdings in Portland General Electric were worth $2,096,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Natixis Advisors LLC grew its stake in shares of Portland General Electric by 0.6% during the fourth quarter. Natixis Advisors LLC now owns 35,548 shares of the utilities provider’s stock valued at $1,706,000 after acquiring an additional 207 shares in the last quarter. Sigma Planning Corp grew its stake in shares of Portland General Electric by 3.9% during the fourth quarter. Sigma Planning Corp now owns 5,663 shares of the utilities provider’s stock valued at $272,000 after acquiring an additional 210 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Portland General Electric by 18.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,469 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 226 shares in the last quarter. Fox Hill Wealth Management grew its stake in shares of Portland General Electric by 0.6% during the fourth quarter. Fox Hill Wealth Management now owns 39,373 shares of the utilities provider’s stock valued at $1,890,000 after acquiring an additional 237 shares in the last quarter. Finally, Private Trust Co. NA grew its stake 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 acquiring an additional 239 shares in the last quarter.

Portland General Electric Stock Down 0.1%

NYSE:POR opened at $50.65 on Monday. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 2.13 and a beta of 0.52. Portland General Electric Company has a one year low of $39.54 and a one year high of $54.62. The stock has a 50-day simple moving average of $50.64 and a 200 day simple moving average of $50.60. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.09.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The firm had revenue of $879.00 million during the quarter, compared to analyst estimates of $953.24 million. Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. Sell-side analysts predict that Portland General Electric Company will post 3.39 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be issued a $0.5513 dividend. This is an increase from Portland General Electric’s previous quarterly dividend of $0.53. This represents a $2.21 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 25th. Portland General Electric’s dividend payout ratio is 98.21%.

Insiders Place Their Bets

In other Portland General Electric news, Director Robert N. Hoglund bought 2,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $48.80 per share, with a total value of $97,600.00. Following the completion of the acquisition, the director directly owned 2,519 shares of the company’s stock, valued at approximately $122,927.20. The trade was a 385.36% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Juan Diego Gallegos sold 2,750 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $48.67, for a total transaction of $133,842.50. Following the completion of the transaction, the vice president directly owned 12,127 shares in the company, valued at $590,221.09. This represents a 18.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on POR. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a research note on Tuesday, April 21st. BMO Capital Markets reiterated a “market perform” rating and issued a $55.00 price target on shares of Portland General Electric in a research note on Thursday, February 19th. Barclays lifted their price target on Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lifted their price target on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Finally, UBS Group lifted their price target on Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $51.00.

Portland General Electric Profile

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.