Wesbanco Bank Inc. Boosts Holdings in Portland General Electric Company $POR

Wesbanco Bank Inc. lifted its position in shares of Portland General Electric Company (NYSE:POR) by 121.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,500 shares of the utilities provider’s stock after buying an additional 20,000 shares during the period. Wesbanco Bank Inc.’s holdings in Portland General Electric were worth $1,606,000 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. Johnson Investment Counsel Inc. grew its position in Portland General Electric by 0.8% in the second quarter. Johnson Investment Counsel Inc. now owns 38,261 shares of the utilities provider’s stock worth $1,555,000 after acquiring an additional 301 shares during the period. Connable Office Inc. lifted its stake in shares of Portland General Electric by 5.1% in the 2nd quarter. Connable Office Inc. now owns 6,564 shares of the utilities provider’s stock valued at $267,000 after purchasing an additional 318 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Portland General Electric by 35.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 323 shares during the period. State of Wyoming increased its position in shares of Portland General Electric by 2.3% during the 3rd quarter. State of Wyoming now owns 15,210 shares of the utilities provider’s stock worth $669,000 after purchasing an additional 345 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Portland General Electric by 12.0% during the 2nd quarter. Blue Trust Inc. now owns 3,281 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 352 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Portland General Electric in a research report on Monday, December 29th. Loop Capital set a $48.00 price target on shares of Portland General Electric in a research note on Tuesday, December 30th. BMO Capital Markets restated a “market perform” rating on shares of Portland General Electric in a report on Tuesday, December 30th. Jefferies Financial Group lifted their target price on shares of Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company boosted their target price on Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $48.42.

Portland General Electric Trading Up 1.3%

Shares of POR stock opened at $51.27 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.95 and a current ratio of 1.08. The stock has a market capitalization of $5.77 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 4.43 and a beta of 0.67. The company has a 50 day moving average price of $49.05 and a 200 day moving average price of $46.17. Portland General Electric Company has a fifty-two week low of $39.54 and a fifty-two week high of $51.65.

About Portland General Electric

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.