QS Investors LLC continued to hold its stake in Portland General Electric Company (NYSE:POR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,982 shares of the utilities provider’s stock at the end of the second quarter. QS Investors LLC’s holdings in Portland General Electric were worth $410,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Huntington National Bank lifted its stake 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 worth $128,000 after acquiring an additional 34 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Portland General Electric by 52.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,906 shares of the utilities provider’s stock worth $178,000 after acquiring an additional 1,352 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Portland General Electric in the second quarter worth approximately $202,000. BlueMountain Capital Management LLC lifted its stake in Portland General Electric by 0.3% in the second quarter. BlueMountain Capital Management LLC now owns 5,489 shares of the utilities provider’s stock worth $251,000 after acquiring an additional 17 shares during the last quarter. Finally, Regentatlantic Capital LLC lifted its stake in Portland General Electric by 4.4% in the second quarter. Regentatlantic Capital LLC now owns 5,825 shares of the utilities provider’s stock worth $266,000 after acquiring an additional 245 shares during the last quarter. Institutional investors own 93.16% of the company’s stock.

Shares of Portland General Electric Company (NYSE POR) opened at 45.50 on Wednesday. Portland General Electric Company has a 12-month low of $40.71 and a 12-month high of $48.22. The firm’s 50-day moving average is $46.68 and its 200-day moving average is $46.07. The firm has a market cap of $4.05 billion, a PE ratio of 20.31 and a beta of 0.28.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, July 28th. The utilities provider reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.08). The business had revenue of $449.00 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. Equities analysts expect that Portland General Electric Company will post $2.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, September 25th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.99%. The ex-dividend date was Friday, September 22nd. Portland General Electric’s dividend payout ratio (DPR) is presently 60.71%.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub downgraded shares of Portland General Electric from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Williams Capital downgraded shares of Portland General Electric from a “hold” rating to a “sell” rating and decreased their price target for the stock from $44.00 to $41.00 in a research note on Monday, July 24th. J P Morgan Chase & Co lifted their price target on shares of Portland General Electric from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, KeyCorp reiterated a “hold” rating on shares of Portland General Electric in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Portland General Electric presently has an average rating of “Hold” and a consensus target price of $44.60.

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Portland General Electric 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.

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

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