Leonteq Securities AG Purchases Shares of 11,158 Portland General Electric Company $POR

Leonteq Securities AG purchased a new stake in shares of Portland General Electric Company (NYSE:POR) in the fourth quarter, Holdings Channel reports. The firm purchased 11,158 shares of the utilities provider’s stock, valued at approximately $535,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Portland General Electric during the 4th quarter valued at $25,000. Private Trust Co. NA increased its stake in Portland General Electric by 76.4% during the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares in the last quarter. Root Financial Partners LLC bought a new stake in Portland General Electric during the 3rd quarter valued at $27,000. Johnson Financial Group Inc. purchased a new position in Portland General Electric during the 3rd quarter worth $27,000. Finally, Clearstead Advisors LLC boosted its holdings in Portland General Electric by 206.8% during the 3rd quarter. Clearstead Advisors LLC now owns 856 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 577 shares during the last quarter.

Portland General Electric Price Performance

POR opened at $49.81 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.09 and a quick ratio of 0.95. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.08 and a beta of 0.54. The firm’s fifty day moving average price is $51.31 and its two-hundred day moving average price is $50.47. Portland General Electric Company has a 1 year low of $39.54 and a 1 year high of $54.62.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The firm had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $953.24 million. Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.Portland General Electric’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. As a group, analysts anticipate that Portland General Electric Company will post 3.39 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th will be paid a $0.5513 dividend. The ex-dividend date is Thursday, June 25th. This is a positive change 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%. Portland General Electric’s dividend payout ratio is presently 93.75%.

Analyst Ratings Changes

POR has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. UBS Group lifted their price objective on shares of Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Wells Fargo & Company set a $51.00 price objective on shares of Portland General Electric in a report on Tuesday, April 21st. Barclays lifted their price objective on shares of Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.00.

Insider Activity at Portland General Electric

In related news, Director Robert N. Hoglund purchased 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $48.80 per share, with a total value of $97,600.00. Following the acquisition, the director owned 2,519 shares of the company’s stock, valued at $122,927.20. This trade represents a 385.36% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Benjamin Felton sold 4,969 shares of Portland General Electric stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $53.56, for a total transaction of $266,139.64. Following the completion of the sale, the executive vice president directly owned 41,081 shares in the company, valued at $2,200,298.36. This trade represents a 10.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 15,219 shares of company stock valued at $767,707 in the last three months. Insiders own 0.52% of the company’s stock.

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.