Nisa Investment Advisors LLC boosted its stake in Portland General Electric Company (NYSE:POR) by 120.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,790 shares of the utilities provider’s stock after buying an additional 6,990 shares during the period. Nisa Investment Advisors LLC’s holdings in Portland General Electric were worth $593,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have 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. 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. Campbell & CO Investment Adviser LLC purchased a new position in Portland General Electric during the first quarter valued at about $252,000. Blair William & Co. IL raised its position in Portland General Electric by 19.8% in the first quarter. Blair William & Co. IL now owns 5,737 shares of the utilities provider’s stock valued at $259,000 after buying an additional 950 shares during the last quarter. Finally, First Mercantile Trust Co. raised its position in Portland General Electric by 9.7% in the first quarter. First Mercantile Trust Co. now owns 6,220 shares of the utilities provider’s stock valued at $276,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.

Portland General Electric Company (POR) traded up 0.06% on Wednesday, reaching $46.37. 314,712 shares of the company’s stock traded hands. The firm’s 50-day moving average is $45.58 and its 200 day moving average is $45.16. The firm has a market cap of $4.13 billion, a PE ratio of 20.70 and a beta of 0.29. Portland General Electric Company has a 12 month low of $40.28 and a 12 month high of $48.06.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by $0.08. The company had revenue of $449 million for 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 business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. Equities analysts predict that Portland General Electric Company will post $2.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 25th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, September 22nd. Portland General Electric’s dividend payout ratio (DPR) is presently 60.71%.

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Several research firms have issued reports on POR. Barclays PLC restated an “underweight” rating and set a $44.00 price target (up previously from $41.00) on shares of Portland General Electric in a report on Sunday, April 23rd. BidaskClub upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. UBS AG lowered shares of Portland General Electric from a “buy” rating to a “neutral” rating in a report on Tuesday, May 2nd. Finally, Williams Capital lowered shares of Portland General Electric from a “hold” rating to a “sell” rating and lowered their price target for the stock from $44.00 to $41.00 in a report on Monday, July 24th. Five research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Portland General Electric currently has a consensus rating of “Sell” and an average target price of $42.00.

In related news, VP Campbell A. Henderson sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was 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 of the company’s stock, valued at $919,284.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the insider now directly owns 16,313 shares of the company’s stock, valued at approximately $735,716.30. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Portland General Electric Company Profile

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.

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

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