25,072 Shares in Portland General Electric Company $POR Bought by Pacer Advisors Inc.

Pacer Advisors Inc. purchased a new position in Portland General Electric Company (NYSE:POR) in the third quarter, Holdings Channel.com reports. The firm purchased 25,072 shares of the utilities provider’s stock, valued at approximately $1,103,000.

Several other large investors have also made changes to their positions in the business. Campbell & CO Investment Adviser LLC boosted its stake in Portland General Electric by 38.8% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 44,777 shares of the utilities provider’s stock worth $1,819,000 after purchasing an additional 12,518 shares during the period. ATLAS Infrastructure Partners UK Ltd. raised its position in shares of Portland General Electric by 24.1% during the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,459,258 shares of the utilities provider’s stock valued at $221,810,000 after buying an additional 1,058,623 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Portland General Electric in the second quarter worth $376,000. Envestnet Asset Management Inc. boosted its position in shares of Portland General Electric by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 513,398 shares of the utilities provider’s stock worth $20,859,000 after acquiring an additional 26,753 shares during the last quarter. Finally, Intech Investment Management LLC boosted its position in shares of Portland General Electric by 20.9% during the second quarter. Intech Investment Management LLC now owns 66,348 shares of the utilities provider’s stock worth $2,696,000 after acquiring an additional 11,478 shares during the last quarter.

Portland General Electric Stock Down 0.1%

Shares of NYSE POR opened at $48.06 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.25. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $51.14. The firm’s 50-day moving average price is $48.41 and its 200-day moving average price is $44.33. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 4.39 and a beta of 0.67.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Thursday, October 30th. The utilities provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. Portland General Electric had a return on equity of 8.32% and a net margin of 8.63%.The company had revenue of $952.00 million for the quarter, compared to analysts’ expectations of $975.64 million. During the same period in the previous year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $2.10 annualized dividend and a dividend yield of 4.4%. Portland General Electric’s payout ratio is currently 76.36%.

Analyst Upgrades and Downgrades

Several brokerages have commented on POR. JPMorgan Chase & Co. boosted their price target on shares of Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. BTIG Research reaffirmed a “buy” rating on shares of Portland General Electric in a report on Tuesday. Jefferies Financial Group boosted their target price on Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Barclays increased their price target on Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. Finally, Loop Capital set a $48.00 price objective on Portland General Electric in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Portland General Electric currently has a consensus rating of “Hold” and a consensus price target of $47.58.

Portland General Electric Company 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.