Alps Advisors Inc. Acquires 19,480 Shares of Portland General Electric Company $POR

Alps Advisors Inc. boosted its holdings in Portland General Electric Company (NYSE:POR) by 67.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,166 shares of the utilities provider’s stock after purchasing an additional 19,480 shares during the quarter. Alps Advisors Inc.’s holdings in Portland General Electric were worth $2,119,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. BTIG Research reissued a “buy” rating and set a $58.00 price objective on shares of Portland General Electric in a research report on Friday, January 30th. LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $43.00 target price on shares of Portland General Electric in a research note on Thursday, December 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Portland General Electric in a research report on Monday, December 29th. UBS Group decreased their price objective on shares of Portland General Electric from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. upped their price objective on Portland General Electric from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $48.42.

Portland General Electric Price Performance

NYSE POR opened at $51.27 on Wednesday. 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 Company has a 12 month low of $39.54 and a 12 month high of $51.65. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 4.43 and a beta of 0.67. The company’s 50 day moving average is $49.05 and its two-hundred day moving average is $46.17.

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.