Portland General Electric Company $POR Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of Portland General Electric Company (NYSE:POR) by 140.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,557 shares of the utilities provider’s stock after buying an additional 27,773 shares during the period. Advisors Asset Management Inc.’s holdings in Portland General Electric were worth $2,093,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wesbanco Bank Inc. raised its stake in Portland General Electric by 121.2% during the 3rd quarter. Wesbanco Bank Inc. now owns 36,500 shares of the utilities provider’s stock valued at $1,606,000 after acquiring an additional 20,000 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Portland General Electric by 0.8% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 38,563 shares of the utilities provider’s stock valued at $1,697,000 after purchasing an additional 302 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Portland General Electric by 12.0% in the third quarter. ProShare Advisors LLC now owns 1,040,367 shares of the utilities provider’s stock valued at $45,776,000 after purchasing an additional 111,417 shares during the period. Nuance Investments LLC raised its stake in shares of Portland General Electric by 212.2% during the third quarter. Nuance Investments LLC now owns 396,173 shares of the utilities provider’s stock worth $17,432,000 after purchasing an additional 269,288 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Portland General Electric by 35.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,243 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 323 shares during the last quarter.

Portland General Electric Price Performance

Portland General Electric stock opened at $54.04 on Monday. The company has a market cap of $6.08 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 4.73 and a beta of 0.67. Portland General Electric Company has a one year low of $39.54 and a one year high of $54.28. The business has a fifty day moving average of $49.28 and a two-hundred day moving average of $46.42. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.95 and a current ratio of 1.08.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on POR shares. Mizuho set a $47.00 price objective on shares of Portland General Electric in a research report on Monday, November 3rd. LADENBURG THALM/SH SH restated a “sell” rating and issued a $43.00 target price on shares of Portland General Electric in a research note on Thursday, December 4th. JPMorgan Chase & Co. lifted their target price 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. BMO Capital Markets reiterated a “market perform” rating on shares of Portland General Electric in a research note on Tuesday, December 30th. Finally, BTIG Research reissued a “buy” rating and set a $58.00 price target on shares of Portland General Electric in a report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Portland General Electric currently has a consensus rating of “Hold” and an average price target of $48.42.

About Portland General Electric

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.