Portland General Electric (POR) is Dean Investment Associates LLC’s 2nd Largest Position

Dean Investment Associates LLC lifted its stake in Portland General Electric (NYSE:POR) by 1,196.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,852 shares of the utilities provider’s stock after buying an additional 231,497 shares during the period. Portland General Electric makes up 1.5% of Dean Investment Associates LLC’s investment portfolio, making the stock its 2nd largest holding. Dean Investment Associates LLC owned about 0.28% of Portland General Electric worth $10,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of POR. Bank of Montreal Can grew its position in shares of Portland General Electric by 5.4% in the 4th quarter. Bank of Montreal Can now owns 656,880 shares of the utilities provider’s stock valued at $29,939,000 after buying an additional 33,899 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Portland General Electric by 3.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 774,853 shares of the utilities provider’s stock valued at $35,318,000 after buying an additional 26,167 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Portland General Electric in the 4th quarter valued at $226,000. GW&K Investment Management LLC grew its position in shares of Portland General Electric by 0.6% in the 4th quarter. GW&K Investment Management LLC now owns 432,476 shares of the utilities provider’s stock valued at $19,712,000 after buying an additional 2,545 shares during the last quarter. Finally, First Manhattan Co. grew its position in shares of Portland General Electric by 1.2% in the 4th quarter. First Manhattan Co. now owns 195,644 shares of the utilities provider’s stock valued at $8,917,000 after buying an additional 2,385 shares during the last quarter. 92.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Portland General Electric stock opened at $39.78 on Monday. Portland General Electric has a 1 year low of $39.02 and a 1 year high of $50.11. The company has a current ratio of 1.35, a quick ratio of 1.15 and a debt-to-equity ratio of 0.99. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 6.64 and a beta of 0.20.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, April 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.07. The company had revenue of $493.00 million for the quarter, compared to the consensus estimate of $523.28 million. Portland General Electric had a net margin of 9.03% and a return on equity of 8.08%. Portland General Electric’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.82 EPS. research analysts forecast that Portland General Electric will post 2.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Monday, June 25th will be paid a $0.3625 dividend. This is a boost from Portland General Electric’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, June 22nd. This represents a $1.45 annualized dividend and a dividend yield of 3.65%. Portland General Electric’s dividend payout ratio (DPR) is 59.39%.

A number of research analysts recently commented on POR shares. Zacks Investment Research downgraded shares of Portland General Electric from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. JPMorgan Chase dropped their target price on shares of Portland General Electric from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, January 25th. UBS started coverage on shares of Portland General Electric in a research report on Friday, February 2nd. They issued a “sell” rating and a $40.00 target price on the stock. Wells Fargo set a $42.00 target price on shares of Portland General Electric and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, Mizuho started coverage on shares of Portland General Electric in a research report on Wednesday, February 14th. They issued a “buy” rating and a $43.50 target price on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Portland General Electric presently has a consensus rating of “Hold” and a consensus price target of $42.44.

In other Portland General Electric news, VP Bradley Young Jenkins sold 618 shares of Portland General Electric 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 transaction, the vice president now owns 896 shares in the company, valued at $36,261.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by company insiders.

About Portland General Electric

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2017, it owned an electric transmission system consisting of 1,250 circuit miles, including 287 circuit miles of 500 kilovolt line, 402 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.

Institutional Ownership by Quarter for Portland General Electric (NYSE:POR)

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