Canada Pension Plan Investment Board boosted its stake in Portland General Electric Company (NYSE:POR) by 25.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 766,000 shares of the utilities provider’s stock after buying an additional 154,600 shares during the period. Canada Pension Plan Investment Board’s holdings in Portland General Electric were worth $34,999,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of POR. IFP Advisors Inc boosted its stake in shares of 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 period. Huntington National Bank boosted its stake in shares of 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 period. Janney Montgomery Scott LLC purchased a new stake in shares of Portland General Electric during the second quarter valued at about $202,000. Regentatlantic Capital LLC boosted its stake in shares of 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 period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Portland General Electric during the first quarter valued at about $252,000. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Portland General Electric Company (NYSE:POR) opened at 45.90 on Friday. The firm’s 50-day moving average price is $45.37 and its 200 day moving average price is $45.24. The company has a market capitalization of $4.09 billion, a PE ratio of 20.49 and a beta of 0.29. 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 quarterly earnings data on Friday, July 28th. The utilities provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.08. The business had revenue of $449 million during the quarter, compared to analyst estimates of $465.70 million. Portland General Electric had a net margin of 10.06% and a return on equity of 8.48%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders 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 2.96%. Portland General Electric’s payout ratio is 60.71%.

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Several equities research analysts have recently issued reports on the company. Barclays PLC reaffirmed an “underweight” rating and issued a $44.00 target price (up from $41.00) on shares of Portland General Electric in a report on Sunday, April 23rd. BidaskClub raised Portland General Electric from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised Portland General Electric from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. UBS AG cut Portland General Electric from a “buy” rating to a “neutral” rating in a report on Tuesday, May 2nd. Finally, Williams Capital cut Portland General Electric from a “hold” rating to a “sell” rating and reduced their target price for the stock from $44.00 to $41.00 in a report on Monday, July 24th. Five analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average price target of $42.00.

In other Portland General Electric news, VP Campbell A. Henderson sold 3,000 shares of the stock in a transaction dated 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 approximately $919,284.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William O. Nicholson sold 6,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $45.10, for a total transaction of $270,600.00. Following the completion of the sale, the insider now owns 16,313 shares of the company’s stock, valued at approximately $735,716.30. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by corporate insiders.

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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