Portland General Electric Company $POR Shares Acquired by Nuance Investments LLC

Nuance Investments LLC lifted its holdings in shares of Portland General Electric Company (NYSE:POR) by 113.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,376 shares of the utilities provider’s stock after purchasing an additional 145,928 shares during the period. Portland General Electric comprises approximately 2.4% of Nuance Investments LLC’s holdings, making the stock its 13th biggest holding. Nuance Investments LLC’s holdings in Portland General Electric were worth $14,221,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Sterling Capital Management LLC boosted its stake in shares of Portland General Electric by 18.8% during the 1st quarter. Sterling Capital Management LLC now owns 127,496 shares of the utilities provider’s stock worth $6,728,000 after purchasing an additional 20,147 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Portland General Electric by 683.5% in the fourth quarter. GSA Capital Partners LLP now owns 43,282 shares of the utilities provider’s stock valued at $2,077,000 after buying an additional 37,758 shares during the last quarter. Jennison Associates LLC acquired a new position in shares of Portland General Electric in the fourth quarter valued at approximately $897,000. LSV Asset Management lifted its stake in shares of Portland General Electric by 34.1% during the fourth quarter. LSV Asset Management now owns 799,147 shares of the utilities provider’s stock valued at $38,351,000 after buying an additional 203,400 shares during the period. Finally, Norges Bank purchased a new position in shares of Portland General Electric during the fourth quarter valued at approximately $56,497,000.

Portland General Electric Trading Up 0.1%

Shares of POR stock opened at $50.83 on Tuesday. The firm has a market cap of $5.98 billion, a P/E ratio of 22.39, a PEG ratio of 2.18 and a beta of 0.52. Portland General Electric Company has a 1-year low of $41.80 and a 1-year high of $54.62. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.98 and a quick ratio of 0.86. The firm’s 50-day simple moving average is $51.10 and its 200-day simple moving average is $51.33.

Portland General Electric (NYSE:POR) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $839.75 million. During the same period in the prior year, the business posted $0.66 earnings per share. Portland General Electric’s revenue was up .9% on a year-over-year basis. As a group, equities analysts forecast that Portland General Electric Company will post 3.4 EPS for the current year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be issued a $0.5513 dividend. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, September 25th. Portland General Electric’s dividend payout ratio (DPR) is 96.92%.

Analysts Set New Price Targets

A number of analysts recently issued reports on POR shares. JPMorgan Chase & Co. raised 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. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. BMO Capital Markets set a $52.00 price target on Portland General Electric in a research note on Tuesday, August 4th. LADENBURG THALM/SH SH upgraded Portland General Electric from a “neutral” rating to a “buy” rating and set a $48.50 price objective on the stock in a report on Thursday, August 13th. Finally, Wells Fargo & Company set a $51.00 price objective on Portland General Electric in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.25.

Insider Buying and Selling at Portland General Electric

In other news, Director Michael A. Lewis sold 1,537 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $51.83, for a total transaction of $79,662.71. Following the completion of the sale, the director directly owned 15,045 shares of the company’s stock, valued at $779,782.35. The trade was a 9.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by company insiders.

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.