Foundry Partners LLC boosted its stake in shares of Portland General Electric Company (NYSE:POR) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 266,503 shares of the utilities provider’s stock after buying an additional 9,981 shares during the period. Foundry Partners LLC’s holdings in Portland General Electric were worth $12,177,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its position 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 raised its position 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 position in shares of Portland General Electric during the second quarter valued at $202,000. Regentatlantic Capital LLC raised its position 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 position in shares of Portland General Electric during the first quarter valued at $252,000. 95.29% of the stock is owned by institutional investors and hedge funds.

Portland General Electric Company (POR) opened at 45.90 on Friday. The stock has a 50 day moving average price of $45.37 and a 200-day moving average price of $45.24. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of 20.49 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 announced its earnings results 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%. Portland General Electric’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Equities analysts predict that Portland General Electric Company will post $2.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 25th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, September 22nd. Portland General Electric’s payout ratio is 60.71%.

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Several equities analysts have weighed in on the company. Barclays PLC reissued an “underweight” rating and set a $44.00 price objective (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 lowered Portland General Electric from a “buy” rating to a “neutral” rating in a report on Tuesday, May 2nd. Finally, Williams Capital lowered Portland General Electric from a “hold” rating to a “sell” rating and reduced their price objective for the company 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. Portland General Electric currently has an average rating of “Sell” and an average target price of $42.00.

In other news, insider William O. Nicholson sold 6,000 shares of the business’s stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Campbell A. Henderson sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $45.01, for a total transaction of $135,030.00. Following the sale, the vice president now directly owns 20,424 shares of the company’s stock, valued at approximately $919,284.24. The disclosure for this sale can be found here. 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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