Y Intercept Hong Kong Ltd Has $2.17 Million Stock Holdings in Portland General Electric Company $POR

Y Intercept Hong Kong Ltd boosted its stake in Portland General Electric Company (NYSE:POR) by 31.7% in the third quarter, Holdings Channel reports. The institutional investor owned 49,222 shares of the utilities provider’s stock after acquiring an additional 11,852 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Portland General Electric were worth $2,166,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of Portland General Electric by 1,291.7% during the second quarter. IFP Advisors Inc now owns 668 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 620 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Portland General Electric during the 3rd quarter worth about $27,000. Bell Investment Advisors Inc lifted its holdings in shares of Portland General Electric by 80.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock valued at $34,000 after buying an additional 370 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Portland General Electric during the 2nd quarter valued at about $51,000. Finally, Allworth Financial LP grew its stake in shares of Portland General Electric by 136.9% in the 2nd quarter. Allworth Financial LP now owns 1,343 shares of the utilities provider’s stock valued at $55,000 after buying an additional 776 shares in the last quarter.

Portland General Electric Price Performance

NYSE POR opened at $49.94 on Thursday. The stock has a market capitalization of $5.62 billion, a PE ratio of 18.16, a P/E/G ratio of 4.42 and a beta of 0.67. The stock has a 50-day simple moving average of $48.96 and a 200 day simple moving average of $45.50. 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 twelve month low of $39.54 and a twelve month high of $51.14.

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

Analysts Set New Price Targets

Several research firms have commented on POR. JPMorgan Chase & Co. boosted their target price on shares of Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Wells Fargo & Company raised their target price on Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. UBS Group decreased their price target on Portland General Electric from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Loop Capital set a $48.00 price objective on Portland General Electric in a research note on Tuesday, December 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Portland General Electric in a research report on Monday, December 29th. Three equities 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $47.92.

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.