Dean Investment Associates LLC held its position in Portland General Electric Company (NYSE:POR) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,778 shares of the utilities provider’s stock at the close of the second quarter. Dean Investment Associates LLC’s holdings in Portland General Electric were worth $790,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. TIAA CREF Investment Management LLC boosted its position in Portland General Electric by 2.1% during the second quarter. TIAA CREF Investment Management LLC now owns 242,019 shares of the utilities provider’s stock worth $11,058,000 after acquiring an additional 4,887 shares during the last quarter. Teachers Advisors LLC boosted its position in Portland General Electric by 5.6% during the second quarter. Teachers Advisors LLC now owns 159,618 shares of the utilities provider’s stock worth $7,293,000 after acquiring an additional 8,440 shares during the last quarter. AJO LP boosted its position in Portland General Electric by 12.5% during the second quarter. AJO LP now owns 807,576 shares of the utilities provider’s stock worth $36,898,000 after acquiring an additional 89,976 shares during the last quarter. Jackson Wealth Management LLC boosted its position in Portland General Electric by 9.6% during the second quarter. Jackson Wealth Management LLC now owns 45,503 shares of the utilities provider’s stock worth $2,053,000 after acquiring an additional 3,972 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Portland General Electric by 7.3% during the second quarter. Wells Fargo & Company MN now owns 355,940 shares of the utilities provider’s stock worth $16,263,000 after acquiring an additional 24,297 shares during the last quarter. Hedge funds and other institutional investors own 93.19% of the company’s stock.

A number of research firms recently weighed in on POR. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub lowered shares of Portland General Electric from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. 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 research report on Monday, July 24th. Finally, KeyCorp restated a “hold” rating on shares of Portland General Electric in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Portland General Electric has an average rating of “Hold” and an average target price of $42.00.

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Shares of Portland General Electric Company (NYSE:POR) traded up 0.25% during trading on Friday, reaching $47.21. 160,305 shares of the company’s stock were exchanged. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 21.08 and a beta of 0.29. The stock has a 50 day moving average price of $46.54 and a 200-day moving average price of $45.83. Portland General Electric Company has a 52 week low of $40.28 and a 52 week high of $48.22.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.08). Portland General Electric had a return on equity of 8.48% and a net margin of 10.06%. The firm had revenue of $449.00 million for the quarter, compared to analyst estimates of $465.70 million. During the same period in the prior year, the business earned $0.42 earnings per share. Portland General Electric’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts predict that Portland General Electric Company will post $2.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.36 annualized dividend and a dividend yield of 2.89%. Portland General Electric’s dividend payout ratio is currently 60.71%.

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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