Portland General Electric Company $POR Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its holdings in Portland General Electric Company (NYSE:POR) by 110.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,078 shares of the utilities provider’s stock after buying an additional 14,726 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Portland General Electric were worth $1,455,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Portland General Electric during the fourth quarter valued at $25,000. Private Trust Co. NA grew its holdings in Portland General Electric by 76.4% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 239 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Portland General Electric during the 3rd quarter valued at $27,000. Rothschild Investment LLC grew its position in Portland General Electric by 112.9% during the fourth quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 324 shares during the period. Finally, SHP Wealth Management purchased a new stake in shares of Portland General Electric during the 4th quarter worth about $34,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. BMO Capital Markets set a $52.00 target price on shares of Portland General Electric in a research report on Tuesday, August 4th. Wells Fargo & Company set a $51.00 price target on Portland General Electric in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. raised their target price on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, seven 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 $50.70.

Insiders Place Their Bets

In related news, Director Michael A. Lewis sold 1,537 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $51.83, for a total value of $79,662.71. Following the completion of the sale, the director directly owned 15,045 shares of the company’s stock, valued at approximately $779,782.35. This represents a 9.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Portland General Electric Stock Up 0.8%

Shares of NYSE:POR opened at $48.77 on Thursday. The firm has a 50 day simple moving average of $51.07 and a 200 day simple moving average of $51.31. Portland General Electric Company has a 52 week low of $41.80 and a 52 week high of $54.62. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.98. The company has a market cap of $5.74 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.08 and a beta of 0.52.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The firm had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $839.75 million. Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. As a group, research analysts expect that Portland General Electric Company will post 3.4 earnings per share for the current year.

Portland General Electric Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.5513 per share. The ex-dividend date is Friday, September 25th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.5%. Portland General Electric’s payout ratio is currently 96.92%.

Portland General Electric Profile

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.