Gardiner Nancy B Acquires New Holdings in Portland General Electric (NYSE:POR)

Gardiner Nancy B purchased a new position in shares of Portland General Electric (NYSE:POR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,500 shares of the utilities provider’s stock, valued at approximately $205,000.

A number of other hedge funds also recently modified their holdings of the stock. Bank of Montreal Can increased its position in Portland General Electric by 15.4% during the third quarter. Bank of Montreal Can now owns 178,680 shares of the utilities provider’s stock worth $8,149,000 after purchasing an additional 23,796 shares during the last quarter. Personal Capital Advisors Corp increased its position in Portland General Electric by 2.8% during the third quarter. Personal Capital Advisors Corp now owns 327,875 shares of the utilities provider’s stock worth $14,954,000 after purchasing an additional 8,844 shares during the last quarter. State of Alaska Department of Revenue increased its position in Portland General Electric by 9.0% during the third quarter. State of Alaska Department of Revenue now owns 21,546 shares of the utilities provider’s stock worth $982,000 after purchasing an additional 1,780 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in Portland General Electric by 6.3% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 467,673 shares of the utilities provider’s stock worth $21,331,000 after purchasing an additional 27,797 shares during the last quarter. Finally, United Services Automobile Association increased its position in Portland General Electric by 50.6% during the second quarter. United Services Automobile Association now owns 61,347 shares of the utilities provider’s stock worth $2,623,000 after purchasing an additional 20,620 shares during the last quarter. 93.66% of the stock is owned by hedge funds and other institutional investors.

POR opened at $46.02 on Wednesday. Portland General Electric has a twelve month low of $39.02 and a twelve month high of $50.11. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 0.86. The firm has a market cap of $4.00 billion, a P/E ratio of 20.10, a PEG ratio of 5.80 and a beta of 0.19.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Friday, October 26th. The utilities provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.09. Portland General Electric had a net margin of 10.34% and a return on equity of 9.05%. The firm had revenue of $525.00 million for the quarter, compared to the consensus estimate of $527.63 million. During the same period in the prior year, the firm posted $0.44 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Portland General Electric will post 2.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 26th will be paid a dividend of $0.3625 per share. The ex-dividend date is Monday, December 24th. This represents a $1.45 dividend on an annualized basis and a yield of 3.15%. Portland General Electric’s dividend payout ratio (DPR) is 63.32%.

Several research firms have recently issued reports on POR. UBS Group increased their price objective on shares of Portland General Electric from $40.00 to $42.00 and gave the stock a “$45.10” rating in a research report on Thursday, July 19th. ValuEngine raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Barclays began coverage on shares of Portland General Electric in a research report on Tuesday, July 10th. They issued an “underweight” rating and a $42.00 price objective for the company. Mizuho reissued a “buy” rating and issued a $45.50 price objective on shares of Portland General Electric in a research report on Friday, July 20th. Finally, Zacks Investment Research raised shares of Portland General Electric from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Friday, October 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.83.

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Portland General Electric Profile

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.

See Also: Cash Flow

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

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