Nuance Investments LLC Grows Stock Holdings in Portland General Electric Company $POR

Nuance Investments LLC lifted its position in Portland General Electric Company (NYSE:POR) by 212.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 396,173 shares of the utilities provider’s stock after buying an additional 269,288 shares during the period. Portland General Electric makes up about 1.8% of Nuance Investments LLC’s portfolio, making the stock its 19th largest position. Nuance Investments LLC owned approximately 0.36% of Portland General Electric worth $17,432,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of POR. ATLAS Infrastructure Partners UK Ltd. grew its holdings in Portland General Electric by 24.1% in the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,459,258 shares of the utilities provider’s stock worth $221,810,000 after purchasing an additional 1,058,623 shares during the last quarter. State Street Corp boosted its position in shares of Portland General Electric by 2.4% in the 2nd quarter. State Street Corp now owns 4,551,369 shares of the utilities provider’s stock worth $187,200,000 after purchasing an additional 107,717 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Portland General Electric by 23.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,985,941 shares of the utilities provider’s stock worth $131,381,000 after buying an additional 564,379 shares during the last quarter. Geode Capital Management LLC increased its position in Portland General Electric by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,764,380 shares of the utilities provider’s stock valued at $112,337,000 after buying an additional 110,567 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Portland General Electric by 7.3% in the second quarter. Invesco Ltd. now owns 2,449,960 shares of the utilities provider’s stock valued at $99,542,000 after buying an additional 167,447 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. 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. Barclays upped their price target on shares of Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Portland General Electric in a research note on Monday, December 29th. BMO Capital Markets reissued a “market perform” rating on shares of Portland General Electric in a report on Tuesday, December 30th. Finally, Mizuho set a $47.00 target price on Portland General Electric in a research report on Monday, November 3rd. 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. According to MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and an average target price of $48.42.

Portland General Electric Stock Performance

NYSE POR opened at $50.74 on Monday. The firm has a market capitalization of $5.71 billion, a P/E ratio of 18.45, a PEG ratio of 4.44 and a beta of 0.67. The stock has a 50-day simple moving average of $49.01 and a two-hundred day simple moving average of $46.03. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.95 and a current ratio of 1.08. Portland General Electric Company has a fifty-two week low of $39.54 and a fifty-two week high of $51.65.

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.