LSV Asset Management raised its position in shares of Portland General Electric (NYSE:POR) by 22.3% during the 3rd quarter, Holdings Channel reports. The firm owned 346,474 shares of the utilities provider’s stock after buying an additional 63,274 shares during the quarter. LSV Asset Management’s holdings in Portland General Electric were worth $15,802,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of POR. Principal Financial Group Inc. raised its holdings in 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 valued at $25,110,000 after buying an additional 150,850 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Portland General Electric by 32.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 19,766 shares of the utilities provider’s stock valued at $845,000 after buying an additional 4,810 shares during the last quarter. Hartford Investment Management Co. bought a new position in Portland General Electric in the 2nd quarter valued at approximately $218,000. Ramsey Quantitative Systems raised its holdings in Portland General Electric by 58.1% in the 2nd quarter. Ramsey Quantitative Systems now owns 8,034 shares of the utilities provider’s stock valued at $344,000 after buying an additional 2,954 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in Portland General Electric by 12.3% in the 2nd quarter. Bessemer Group Inc. now owns 52,900 shares of the utilities provider’s stock valued at $2,262,000 after buying an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 95.44% of the company’s stock.

Portland General Electric stock opened at $48.71 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.90 and a quick ratio of 0.79. Portland General Electric has a 52-week low of $39.02 and a 52-week high of $49.85. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 6.32 and a beta of 0.19.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, October 26th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.09. Portland General Electric had a net margin of 10.34% and a return on equity of 9.05%. The firm had revenue of $525.00 million during the quarter, compared to analyst estimates of $527.63 million. During the same quarter last year, the business earned $0.44 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. Analysts forecast that Portland General Electric will post 2.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 26th will be issued a dividend of $0.3625 per share. The ex-dividend date is Monday, December 24th. This represents a $1.45 annualized dividend and a yield of 2.98%. Portland General Electric’s payout ratio is 63.32%.

POR has been the subject of a number of research reports. Bank of America upgraded shares of Portland General Electric from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 30th. Williams Capital upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating and raised their price objective for the company from $41.00 to $44.00 in a report on Monday, July 30th. Zacks Investment Research lowered shares of Portland General Electric from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Wells Fargo & Co raised their price objective on shares of Portland General Electric from $47.00 to $48.00 and gave the company a “market perform” rating in a report on Monday, September 17th. Finally, ValuEngine upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $43.94.

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About Portland General Electric

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.

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

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