Diversified Trust Co Makes New $542,000 Investment in Portland General Electric Company $POR

Diversified Trust Co bought a new position in Portland General Electric Company (NYSE:POR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,327 shares of the utilities provider’s stock, valued at approximately $542,000.

Other large investors also recently modified their holdings of the company. Walleye Capital LLC acquired a new stake in shares of Portland General Electric in the first quarter valued at approximately $253,000. Vident Advisory LLC bought a new position in Portland General Electric in the 1st quarter valued at $231,000. Royal Bank of Canada increased its stake in shares of Portland General Electric by 7.4% in the 1st quarter. Royal Bank of Canada now owns 161,931 shares of the utilities provider’s stock valued at $7,222,000 after buying an additional 11,141 shares during the period. EP Wealth Advisors LLC raised its position in shares of Portland General Electric by 70.2% during the first quarter. EP Wealth Advisors LLC now owns 11,772 shares of the utilities provider’s stock worth $525,000 after acquiring an additional 4,856 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Portland General Electric by 644.2% during the first quarter. AQR Capital Management LLC now owns 2,014,491 shares of the utilities provider’s stock valued at $89,846,000 after acquiring an additional 1,743,791 shares during the period.

Portland General Electric Stock Up 0.9%

Shares of NYSE POR opened at $48.45 on Friday. Portland General Electric Company has a 52-week low of $39.54 and a 52-week high of $51.14. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.95 and a current ratio of 1.08. The stock has a market cap of $5.45 billion, a P/E ratio of 17.62, a P/E/G ratio of 4.20 and a beta of 0.67. The firm has a 50 day moving average price of $48.46 and a 200 day moving average price of $44.38.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Thursday, October 30th. The utilities provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Portland General Electric had a net margin of 8.63% and a return on equity of 8.32%. The company had revenue of $952.00 million for the quarter, compared to analysts’ expectations of $975.64 million. During the same period last year, the firm posted $0.90 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts expect that Portland General Electric Company will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Monday, December 22nd. Portland General Electric’s payout ratio is 76.36%.

Analyst Ratings Changes

A number of brokerages recently commented on POR. Loop Capital set a $48.00 price objective on Portland General Electric in a research report on Tuesday. BMO Capital Markets reiterated a “market perform” rating on shares of Portland General Electric in a research report on Tuesday. Mizuho set a $47.00 price objective on shares of Portland General Electric in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Portland General Electric in a report on Monday. Finally, BTIG Research reiterated a “buy” rating on shares of Portland General Electric in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and an average price target of $47.58.

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.