Portland General Electric Company $POR Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Portland General Electric Company (NYSE:POR) by 143.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,381 shares of the utilities provider’s stock after acquiring an additional 52,127 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Portland General Electric worth $3,889,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. ATLAS Infrastructure Partners UK Ltd. increased its stake in Portland General Electric by 24.1% during the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,459,258 shares of the utilities provider’s stock valued at $221,810,000 after purchasing an additional 1,058,623 shares in the last quarter. Norges Bank acquired a new stake in shares of Portland General Electric during the second quarter worth $41,554,000. Covalis Capital LLP purchased a new stake in shares of Portland General Electric during the second quarter valued at $17,917,000. Boston Partners increased its position in shares of Portland General Electric by 127.9% in the 2nd quarter. Boston Partners now owns 766,362 shares of the utilities provider’s stock valued at $31,139,000 after acquiring an additional 430,083 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Portland General Electric in the 2nd quarter valued at $12,189,000.

Portland General Electric Stock Down 0.2%

Shares of POR stock opened at $48.86 on Monday. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $51.14. The stock has a market cap of $5.50 billion, a P/E ratio of 17.77, a P/E/G ratio of 4.28 and a beta of 0.67. The stock has a 50 day moving average of $48.74 and a 200 day moving average of $44.74. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.25.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Thursday, October 30th. The utilities provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Portland General Electric had a net margin of 8.63% and a return on equity of 8.32%. The business had revenue of $952.00 million for the quarter, compared to analysts’ expectations of $975.64 million. During the same quarter last year, the company earned $0.90 EPS. The business’s revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts expect that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be given a $0.525 dividend. The ex-dividend date is Monday, December 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.3%. Portland General Electric’s dividend payout ratio is 76.36%.

Analyst Ratings Changes

POR has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. BTIG Research reaffirmed a “buy” rating on shares of Portland General Electric in a report on Tuesday, December 30th. LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $43.00 price target on shares of Portland General Electric in a report on Thursday, December 4th. Wells Fargo & Company assumed coverage on shares of Portland General Electric in a research report on Monday, October 27th. They set an “equal weight” rating and a $45.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Portland General Electric from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.58.

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.