Smithfield Trust Co. maintained its position in Portland General Electric Company (NYSE:POR) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,227 shares of the utilities provider’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Portland General Electric were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its position in Portland General Electric by 0.4% in the first quarter. IFP Advisors Inc now owns 2,811 shares of the utilities provider’s stock valued at $125,000 after buying an additional 10 shares during the last quarter. Huntington National Bank raised its position in Portland General Electric by 1.2% in the second quarter. Huntington National Bank now owns 2,809 shares of the utilities provider’s stock valued at $128,000 after buying an additional 34 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Portland General Electric during the second quarter valued at approximately $202,000. Regentatlantic Capital LLC raised its position in Portland General Electric by 5.9% in the first quarter. Regentatlantic Capital LLC now owns 5,580 shares of the utilities provider’s stock valued at $248,000 after buying an additional 310 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Portland General Electric during the first quarter valued at approximately $252,000. 95.29% of the stock is owned by hedge funds and other institutional investors.

Portland General Electric Company (NYSE POR) opened at 45.46 on Monday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 20.29 and a beta of 0.29. The stock has a 50 day moving average price of $45.77 and a 200 day moving average price of $45.16. Portland General Electric Company has a 52-week low of $40.28 and a 52-week high of $48.06.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, July 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.08. The company had revenue of $449 million during the quarter, compared to analysts’ expectations of $465.70 million. Portland General Electric had a net margin of 10.06% and a return on equity of 8.48%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share. On average, equities analysts expect that Portland General Electric Company will post $2.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 25th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 2.99%. Portland General Electric’s dividend payout ratio (DPR) is presently 60.71%.

ILLEGAL ACTIVITY NOTICE: “Smithfield Trust Co. Has $239,000 Stake in Portland General Electric Company (POR)” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/08/07/smithfield-trust-co-has-239000-stake-in-portland-general-electric-company-por.html.

Several research analysts have recently commented on POR shares. Zacks Investment Research raised Portland General Electric from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. BidaskClub lowered Portland General Electric from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. UBS AG lowered Portland General Electric from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 2nd. Williams Capital lowered Portland General Electric from a “hold” rating to a “sell” rating and reduced their price target for the stock from $44.00 to $41.00 in a research report on Monday, July 24th. Finally, Barclays PLC reissued an “underweight” rating and issued a $44.00 price target (up from $41.00) on shares of Portland General Electric in a research report on Sunday, April 23rd. Five research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Sell” and an average target price of $42.00.

In other Portland General Electric news, insider William O. Nicholson sold 6,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $45.10, for a total value of $270,600.00. Following the sale, the insider now directly owns 16,313 shares in the company, valued at $735,716.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Campbell A. Henderson sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the sale, the vice president now owns 20,424 shares in the company, valued at $919,284.24. The disclosure for this sale can be found here. Company insiders own 0.55% of the company’s stock.

About Portland General Electric

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

Want to see what other hedge funds are holding POR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Portland General Electric Company (NYSE:POR).

Institutional Ownership by Quarter for Portland General Electric (NYSE:POR)

Receive News & Ratings for Portland General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.