Fmr LLC grew its position in Portland General Electric (NYSE:POR) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,242,895 shares of the utilities provider’s stock after acquiring an additional 175,106 shares during the quarter. Fmr LLC’s holdings in Portland General Electric were worth $95,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its holdings in shares of Portland General Electric by 27.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 987,453 shares of the utilities provider’s stock worth $40,002,000 after purchasing an additional 212,600 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Portland General Electric by 1,882.7% in the 1st quarter. Prudential Financial Inc. now owns 197,459 shares of the utilities provider’s stock worth $7,999,000 after purchasing an additional 187,500 shares during the period. Personal Capital Advisors Corp boosted its holdings in shares of Portland General Electric by 92.8% in the 2nd quarter. Personal Capital Advisors Corp now owns 319,031 shares of the utilities provider’s stock worth $13,642,000 after purchasing an additional 153,583 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Portland General Electric by 32.2% in the 1st quarter. Principal Financial Group Inc. now owns 619,825 shares of the utilities provider’s stock worth $25,110,000 after purchasing an additional 150,850 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Portland General Electric by 2.0% in the 2nd quarter. BlackRock Inc. now owns 7,441,586 shares of the utilities provider’s stock worth $318,203,000 after purchasing an additional 145,006 shares during the period. 92.93% of the stock is currently owned by institutional investors and hedge funds.

In other Portland General Electric news, VP William David Robertson sold 4,380 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $45.78, for a total value of $200,516.40. Following the completion of the sale, the vice president now directly owns 16,024 shares in the company, valued at approximately $733,578.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by insiders.

POR has been the subject of a number of recent research reports. Williams Capital upgraded Portland General Electric from a “sell” rating to a “hold” rating and lifted their target price for the stock from $41.00 to $44.00 in a report on Monday, July 30th. ValuEngine cut Portland General Electric from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Barclays assumed coverage on Portland General Electric in a report on Tuesday, July 10th. They set an “underweight” rating and a $42.00 price objective for the company. UBS Group boosted their price objective on Portland General Electric from $40.00 to $42.00 and gave the company a “$45.10” rating in a report on Thursday, July 19th. Finally, Zacks Investment Research upgraded Portland General Electric from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, July 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $43.50.

POR opened at $46.98 on Wednesday. Portland General Electric has a 52-week low of $39.02 and a 52-week high of $50.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.73 and a quick ratio of 0.60. The firm has a market cap of $4.18 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 6.39 and a beta of 0.16.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Friday, July 27th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.09. Portland General Electric had a return on equity of 8.59% and a net margin of 9.74%. The company had revenue of $449.00 million during the quarter, compared to analysts’ expectations of $460.72 million. During the same quarter in the previous year, the business earned $0.36 EPS. Portland General Electric’s revenue was up .0% compared to the same quarter last year. research analysts forecast that Portland General Electric will post 2.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, September 25th will be issued a dividend of $0.3625 per share. This represents a $1.45 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Monday, September 24th. Portland General Electric’s payout ratio is currently 63.32%.

Portland General Electric Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2017, it owned an electric transmission system consisting of 1,250 circuit miles, including 287 circuit miles of 500 kilovolt line, 402 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.

Featured Story: Do You Need a Fiduciary?

Want to see what other hedge funds are holding POR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Portland General Electric (NYSE:POR).

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

Receive News & Ratings for Portland General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric and related companies with MarketBeat.com's FREE daily email newsletter.