QRG Capital Management Inc. Sells 51,509 Shares of Portland General Electric Company $POR

QRG Capital Management Inc. trimmed its stake in Portland General Electric Company (NYSE:POR) by 84.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,678 shares of the utilities provider’s stock after selling 51,509 shares during the quarter. QRG Capital Management Inc.’s holdings in Portland General Electric were worth $426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of POR. Campbell & CO Investment Adviser LLC boosted its holdings in Portland General Electric by 38.8% in the second quarter. Campbell & CO Investment Adviser LLC now owns 44,777 shares of the utilities provider’s stock worth $1,819,000 after purchasing an additional 12,518 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Portland General Electric by 143.8% during the 3rd quarter. SG Americas Securities LLC now owns 88,381 shares of the utilities provider’s stock valued at $3,889,000 after buying an additional 52,127 shares during the period. ATLAS Infrastructure Partners UK Ltd. boosted its stake in shares of Portland General Electric by 24.1% in the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,459,258 shares of the utilities provider’s stock worth $221,810,000 after buying an additional 1,058,623 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Portland General Electric in the second quarter worth $376,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Portland General Electric by 5.5% in the second quarter. Envestnet Asset Management Inc. now owns 513,398 shares of the utilities provider’s stock worth $20,859,000 after acquiring an additional 26,753 shares during the period.

Portland General Electric Stock Performance

POR opened at $49.31 on Friday. The company has a 50 day simple moving average of $48.89 and a two-hundred day simple moving average of $45.28. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.08 and a quick ratio of 0.95. The firm has a market cap of $5.55 billion, a P/E ratio of 17.93, a PEG ratio of 4.37 and a beta of 0.67. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $51.14.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Thursday, October 30th. The utilities provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The firm had revenue of $952.00 million for the quarter, compared to the consensus estimate of $975.64 million. Portland General Electric had a net margin of 8.63% and a return on equity of 8.32%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. Equities analysts forecast that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

POR has been the topic of several research reports. Loop Capital set a $48.00 target price on Portland General Electric in a research report on Tuesday, December 30th. BTIG Research reissued a “buy” rating on shares of Portland General Electric in a report on Tuesday, December 30th. UBS Group cut their target price on shares of Portland General Electric from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. JPMorgan Chase & Co. increased their price target on shares of Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Mizuho set a $47.00 price objective on shares of Portland General Electric in a research report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.92.

Portland General Electric Company 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.