Portland General Electric (NYSE:POR) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC reduced its position in shares of Portland General Electric (NYSE:POR) by 0.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 388,876 shares of the utilities provider’s stock after selling 229 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.44% of Portland General Electric worth $20,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Portland General Electric by 20.8% in the 4th quarter. BlackRock Inc. now owns 8,758,280 shares of the utilities provider’s stock worth $401,568,000 after acquiring an additional 1,510,055 shares during the last quarter. Norges Bank purchased a new position in Portland General Electric in the 4th quarter worth $55,862,000. Teachers Advisors LLC raised its stake in Portland General Electric by 244.2% in the 3rd quarter. Teachers Advisors LLC now owns 800,131 shares of the utilities provider’s stock worth $36,494,000 after acquiring an additional 567,651 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in Portland General Electric in the 4th quarter worth $21,779,000. Finally, D. E. Shaw & Co. Inc. raised its stake in Portland General Electric by 46.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 677,542 shares of the utilities provider’s stock worth $31,065,000 after acquiring an additional 215,645 shares during the last quarter. Institutional investors own 94.34% of the company’s stock.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Portland General Electric from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Mizuho lowered Portland General Electric from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $50.00 to $52.00 in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.67.

POR stock traded up $0.26 during trading on Friday, hitting $54.17. The stock had a trading volume of 994,300 shares, compared to its average volume of 548,591. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.82 and a quick ratio of 0.70. Portland General Electric has a twelve month low of $42.10 and a twelve month high of $55.98. The stock has a market cap of $4.81 billion, a PE ratio of 22.86, a P/E/G ratio of 4.50 and a beta of 0.24. The business’s 50-day moving average price is $54.04.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, April 26th. The utilities provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.06. The business had revenue of $573.00 million for the quarter, compared to analysts’ expectations of $520.05 million. Portland General Electric had a return on equity of 8.84% and a net margin of 10.67%. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. As a group, equities analysts anticipate that Portland General Electric will post 2.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 25th will be issued a dividend of $0.385 per share. This is a boost from Portland General Electric’s previous quarterly dividend of $0.36. This represents a $1.54 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Monday, June 24th. Portland General Electric’s payout ratio is currently 64.98%.

About Portland General Electric

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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