Thrivent Financial For Lutherans boosted its holdings in Portland General Electric (NYSE:POR) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,668 shares of the utilities provider’s stock after purchasing an additional 4,678 shares during the period. Thrivent Financial For Lutherans’ holdings in Portland General Electric were worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Cerebellum GP LLC acquired a new stake in Portland General Electric in the fourth quarter valued at $122,000. Public Employees Retirement Association of Colorado acquired a new stake in Portland General Electric in the fourth quarter valued at $161,000. Mark Sheptoff Financial Planning LLC lifted its stake in Portland General Electric by 121.2% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 3,650 shares of the utilities provider’s stock valued at $167,000 after acquiring an additional 2,000 shares during the last quarter. Jane Street Group LLC acquired a new stake in Portland General Electric in the third quarter valued at $201,000. Finally, Fox Run Management L.L.C. acquired a new stake in Portland General Electric in the fourth quarter valued at $226,000. 92.83% of the stock is owned by institutional investors and hedge funds.
Shares of POR stock opened at $40.22 on Wednesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.04 and a current ratio of 1.22. The stock has a market cap of $3,594.88, a PE ratio of 19.15, a PEG ratio of 6.29 and a beta of 0.25. Portland General Electric has a 12 month low of $39.02 and a 12 month high of $50.11.
Portland General Electric (NYSE:POR) last posted its earnings results on Friday, February 16th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $515.00 million during the quarter, compared to analysts’ expectations of $514.60 million. Portland General Electric had a net margin of 9.31% and a return on equity of 8.50%. Portland General Electric’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. research analysts forecast that Portland General Electric will post 2.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, March 26th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, March 23rd. Portland General Electric’s dividend payout ratio is presently 64.76%.
POR has been the subject of a number of recent analyst reports. Mizuho initiated coverage on shares of Portland General Electric in a research note on Wednesday, February 14th. They issued a “buy” rating and a $43.50 price target for the company. Guggenheim reiterated a “hold” rating and issued a $48.00 price target on shares of Portland General Electric in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Wells Fargo set a $42.00 price target on shares of Portland General Electric and gave the company a “hold” rating in a research note on Tuesday, February 13th. Finally, Gabelli reiterated a “hold” rating on shares of Portland General Electric in a research note on Tuesday, February 20th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $42.61.
In other news, VP Bradley Young Jenkins sold 618 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.47, for a total transaction of $25,010.46. Following the completion of the sale, the vice president now owns 896 shares in the company, valued at approximately $36,261.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.55% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Thrivent Financial For Lutherans Has $1.81 Million Position in Portland General Electric (POR)” was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.thelincolnianonline.com/2018/03/21/thrivent-financial-for-lutherans-has-1-81-million-position-in-portland-general-electric-por.html.
Portland General Electric Profile
Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.
Receive News & Ratings for Portland General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric and related companies with MarketBeat.com's FREE daily email newsletter.