Clearbridge Investments LLC Has $222.82 Million Stock Holdings in Portland General Electric Company $POR

Clearbridge Investments LLC raised its stake in Portland General Electric Company (NYSE:POR) by 1,342.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,643,134 shares of the utilities provider’s stock after purchasing an additional 4,321,305 shares during the quarter. Clearbridge Investments LLC’s holdings in Portland General Electric were worth $222,824,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in POR. V Square Quantitative Management LLC acquired a new position in Portland General Electric in the 4th quarter valued at approximately $25,000. Private Trust Co. NA increased its stake in Portland General Electric by 76.4% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock valued at $26,000 after buying an additional 239 shares during the period. Johnson Financial Group Inc. bought a new stake in Portland General Electric in the third quarter worth approximately $27,000. Rothschild Investment LLC grew its position in Portland General Electric by 112.9% in the fourth quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 324 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in Portland General Electric by 272.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 719 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 526 shares in the last quarter.

Analyst Ratings Changes

Several research firms have commented on POR. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 target price on shares of Portland General Electric in a research report on Thursday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Barclays boosted their target price on shares of Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 17th. UBS Group boosted their target price on shares of Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, Wells Fargo & Company set a $51.00 target price on shares of Portland General Electric in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.00.

Insider Activity at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total transaction of $367,725.00. Following the completion of the transaction, the chief financial officer directly owned 31,897 shares in the company, valued at $1,563,909.91. This represents a 19.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert N. Hoglund bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $48.80 per share, with a total value of $97,600.00. Following the completion of the purchase, the director owned 2,519 shares in the company, valued at approximately $122,927.20. The trade was a 385.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.52% of the company’s stock.

Portland General Electric Price Performance

NYSE POR opened at $50.51 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. The company has a fifty day simple moving average of $50.84 and a 200 day simple moving average of $50.56. The company has a market cap of $5.85 billion, a P/E ratio of 22.55, a P/E/G ratio of 2.12 and a beta of 0.52. Portland General Electric Company has a 1 year low of $39.54 and a 1 year high of $54.62.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.19). The firm had revenue of $879.00 million for the quarter, compared to the consensus estimate of $953.24 million. Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.Portland General Electric’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. On average, sell-side analysts predict that Portland General Electric Company will post 3.39 EPS for the current year.

Portland General Electric Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be paid a dividend of $0.5513 per share. This represents a $2.21 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, June 25th. This is an increase from Portland General Electric’s previous quarterly dividend of $0.53. Portland General Electric’s dividend payout ratio is currently 93.75%.

Portland General Electric Company Profile

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.