18,727 Shares in Portland General Electric Company $POR Acquired by Arkadios Wealth Advisors

Arkadios Wealth Advisors bought a new stake in shares of Portland General Electric Company (NYSE:POR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,727 shares of the utilities provider’s stock, valued at approximately $824,000.

Other large investors have also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. increased its holdings in shares of Portland General Electric by 0.8% in the second quarter. Johnson Investment Counsel Inc. now owns 38,261 shares of the utilities provider’s stock valued at $1,555,000 after buying an additional 301 shares in the last quarter. Connable Office Inc. grew its holdings in shares of Portland General Electric by 5.1% in the 2nd quarter. Connable Office Inc. now owns 6,564 shares of the utilities provider’s stock worth $267,000 after acquiring an additional 318 shares during the last quarter. Blue Trust Inc. raised its position in shares of Portland General Electric by 12.0% during the second quarter. Blue Trust Inc. now owns 3,281 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 352 shares during the period. California State Teachers Retirement System raised its position in shares of Portland General Electric by 0.4% during the second quarter. California State Teachers Retirement System now owns 101,342 shares of the utilities provider’s stock worth $4,118,000 after purchasing an additional 361 shares during the period. Finally, Bell Investment Advisors Inc lifted its holdings in shares of Portland General Electric by 80.6% during the second quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 370 shares during the last quarter.

Portland General Electric Price Performance

NYSE POR opened at $49.31 on Monday. 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 capitalization of $5.55 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 4.32 and a beta of 0.67. The company has a 50 day simple moving average of $48.89 and a 200-day simple moving average of $45.35. Portland General Electric Company has a 52-week low of $39.54 and a 52-week high of $51.14.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Thursday, October 30th. The utilities provider reported $1.00 earnings per share 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 analyst estimates 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 for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. Equities research analysts predict that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on POR shares. LADENBURG THALM/SH SH restated a “sell” rating and set a $43.00 price objective on shares of Portland General Electric in a report on Thursday, December 4th. Wells Fargo & Company raised their target price on shares of Portland General Electric from $45.00 to $49.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Portland General Electric in a report on Monday, December 29th. Loop Capital set a $48.00 price target on shares of Portland General Electric in a research report on Tuesday, December 30th. Finally, Barclays lifted their price objective on shares of Portland General Electric from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.92.

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.