Leeward Investments LLC MA Purchases 87,371 Shares of Portland General Electric Company $POR

Leeward Investments LLC MA boosted its position in shares of Portland General Electric Company (NYSE:POR) by 38.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,157 shares of the utilities provider’s stock after buying an additional 87,371 shares during the period. Leeward Investments LLC MA’s holdings in Portland General Electric were worth $14,110,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Portland General Electric by 7.4% in the second quarter. BlackRock Inc. now owns 18,719,655 shares of the utilities provider’s stock valued at $970,240,000 after acquiring an additional 1,292,219 shares in the last quarter. State Street Corp boosted its stake in shares of Portland General Electric by 8.0% in the second quarter. State Street Corp now owns 5,019,860 shares of the utilities provider’s stock worth $262,810,000 after acquiring an additional 372,165 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Portland General Electric by 31.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,329,723 shares of the utilities provider’s stock worth $120,750,000 after acquiring an additional 553,570 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Portland General Electric by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,831,142 shares of the utilities provider’s stock worth $96,629,000 after acquiring an additional 18,146 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Portland General Electric by 60.6% in the first quarter. Bank of America Corp DE now owns 1,660,446 shares of the utilities provider’s stock worth $87,622,000 after acquiring an additional 626,223 shares during the last quarter.

Portland General Electric Stock Up 0.0%

Shares of NYSE POR opened at $44.55 on Monday. Portland General Electric Company has a 12-month low of $43.26 and a 12-month high of $54.62. The stock has a market cap of $5.24 billion, a PE ratio of 19.63, a P/E/G ratio of 2.69 and a beta of 0.49. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $47.06 and a 200 day moving average of $49.48.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Portland General Electric had a net margin of 7.27% and a return on equity of 7.47%. The business had revenue of $814.00 million during the quarter, compared to analyst estimates of $839.75 million. During the same quarter in the previous year, the company posted $0.66 EPS. The firm’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Portland General Electric Company will post 3.32 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, December 22nd will be given a $0.5513 dividend. The ex-dividend date is Tuesday, December 22nd. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.9%. Portland General Electric’s dividend payout ratio is 96.92%.

Wall Street Analysts Forecast Growth

POR has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on Portland General Electric from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, September 9th. UBS Group decreased their price objective on Portland General Electric from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, September 28th. Weiss Ratings lowered Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, August 27th. KeyCorp reaffirmed a “sector weight” rating on shares of Portland General Electric in a research note on Thursday, September 24th. Finally, BMO Capital Markets lowered their target price on shares of Portland General Electric from $52.00 to $47.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $50.50.

Portland General Electric Profile

Portland General Electric Company (NYSE:POR) is an investor-owned electric utility that generates, purchases, transmits, distributes and sells electricity to residential, commercial and industrial customers. The company also offers energy-management programs, renewable energy options and other services designed to support energy efficiency and electrification.

PGE serves communities throughout the state of Oregon, including the Portland metropolitan area and the Willamette Valley. Its operations include a diverse portfolio of power generation resources, transmission and distribution infrastructure, and programs supporting the integration of renewable energy and electric vehicles.

The company traces its history to the development of electric service in Oregon in the late 19th century.