SG Americas Securities LLC Sells 35,404 Shares of Portland General Electric Company (POR)

SG Americas Securities LLC lowered its stake in Portland General Electric Company (NYSE:POR) by 89.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,167 shares of the utilities provider’s stock after selling 35,404 shares during the period. SG Americas Securities LLC’s holdings in Portland General Electric were worth $185,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in POR. IFP Advisors Inc increased its position in Portland General Electric by 0.4% in the first quarter. IFP Advisors Inc now owns 2,811 shares of the utilities provider’s stock valued at $125,000 after buying an additional 10 shares during the last quarter. Cable Hill Partners LLC boosted its stake in shares of Portland General Electric by 0.4% in the first quarter. Cable Hill Partners LLC now owns 4,318 shares of the utilities provider’s stock valued at $192,000 after buying an additional 17 shares during the period. Becker Capital Management Inc. bought a new stake in shares of Portland General Electric during the fourth quarter valued at about $233,000. Regentatlantic Capital LLC boosted its stake in shares of Portland General Electric by 5.9% in the first quarter. Regentatlantic Capital LLC now owns 5,580 shares of the utilities provider’s stock valued at $248,000 after buying an additional 310 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Portland General Electric during the first quarter valued at about $252,000. Institutional investors own 95.21% of the company’s stock.

Shares of Portland General Electric Company (POR) opened at 44.60 on Tuesday. The firm has a market cap of $3.97 billion, a PE ratio of 19.39 and a beta of 0.30. The firm’s 50-day moving average price is $46.69 and its 200-day moving average price is $44.88. Portland General Electric Company has a 12 month low of $40.28 and a 12 month high of $48.06.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, April 28th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82. Portland General Electric had a net margin of 10.43% and a return on equity of 8.78%. The company had revenue of $530 million during the quarter, compared to the consensus estimate of $521.97 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Portland General Electric’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts expect that Portland General Electric Company will post $2.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, June 26th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, June 22nd. This is an increase from Portland General Electric’s previous quarterly dividend of $0.32. Portland General Electric’s dividend payout ratio is currently 59.13%.

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Several brokerages have issued reports on POR. BidaskClub cut Portland General Electric from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Barclays PLC reaffirmed an “underweight” rating and set a $44.00 target price (up previously from $41.00) on shares of Portland General Electric in a research report on Sunday, April 23rd. Zacks Investment Research raised Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, UBS AG cut Portland General Electric from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 2nd. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Portland General Electric has an average rating of “Hold” and a consensus target price of $44.20.

In other news, insider William O. Nicholson sold 6,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $45.10, for a total transaction of $270,600.00. Following the completion of the sale, the insider now owns 16,313 shares in the company, valued at $735,716.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Campbell A. Henderson sold 3,000 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $45.01, for a total transaction of $135,030.00. Following the sale, the vice president now owns 20,424 shares of the company’s stock, valued at approximately $919,284.24. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

Portland General Electric Company 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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