Portland General Electric (POR) Shares Bought by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lifted its stake in Portland General Electric (NYSE:POR) by 9.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,649,526 shares of the utilities provider’s stock after purchasing an additional 141,057 shares during the period. Frontier Capital Management Co. LLC owned about 1.85% of Portland General Electric worth $75,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Portland General Electric by 2.0% in the second 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 last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Portland General Electric by 17.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,163,417 shares of the utilities provider’s stock worth $49,748,000 after purchasing an additional 175,964 shares during the last quarter. Personal Capital Advisors Corp grew its holdings in shares of Portland General Electric by 92.8% in the second 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 last quarter. Cortina Asset Management LLC grew its holdings in shares of Portland General Electric by 57.4% in the second quarter. Cortina Asset Management LLC now owns 89,411 shares of the utilities provider’s stock worth $3,823,000 after purchasing an additional 32,591 shares during the last quarter. Finally, Gardiner Nancy B bought a new position in shares of Portland General Electric in the third quarter worth about $205,000. Hedge funds and other institutional investors own 92.98% of the company’s stock.

In other Portland General Electric news, VP William David Robertson sold 4,380 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $45.78, for a total transaction of $200,516.40. Following the transaction, 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 SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the stock. Mizuho restated a “buy” rating and issued a $45.50 price target on shares of Portland General Electric in a report on Friday, July 20th. ValuEngine upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. UBS Group increased their target price on shares of Portland General Electric from $40.00 to $42.00 and gave the stock a “$45.10” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, July 17th. Finally, Bank of America upgraded shares of Portland General Electric from an “underperform” rating to a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.83.

Shares of Portland General Electric stock opened at $45.66 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.60 and a debt-to-equity ratio of 0.86. Portland General Electric has a 1 year low of $39.02 and a 1 year high of $50.11. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 6.15 and a beta of 0.17.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, October 26th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.09. Portland General Electric had a net margin of 10.34% and a return on equity of 9.09%. The company had revenue of $525.00 million for the quarter, compared to analysts’ expectations of $527.63 million. During the same period in the prior year, the business earned $0.44 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts forecast that Portland General Electric will post 2.35 earnings per share for the current fiscal year.

The firm also recently announced 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. This represents a $1.45 annualized dividend and a yield of 3.18%. The ex-dividend date is Monday, December 24th. Portland General Electric’s payout ratio is 63.32%.

Portland General Electric Company 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.

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

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