Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Portland General Electric (NYSE:POR) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,832 shares of the utilities provider’s stock after purchasing an additional 555 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned approximately 0.06% of Portland General Electric worth $2,331,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. First Mercantile Trust Co. increased its stake in shares of Portland General Electric by 4.5% during the 4th quarter. First Mercantile Trust Co. now owns 5,182 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 222 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Portland General Electric by 1.6% in the 4th quarter. Advisors Asset Management Inc. now owns 17,648 shares of the utilities provider’s stock valued at $809,000 after buying an additional 281 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Portland General Electric by 3.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 14,777 shares of the utilities provider’s stock valued at $678,000 after buying an additional 522 shares during the last quarter. ClariVest Asset Management LLC grew its stake in Portland General Electric by 0.8% in the 4th quarter. ClariVest Asset Management LLC now owns 119,700 shares of the utilities provider’s stock valued at $5,488,000 after buying an additional 1,000 shares during the last quarter. Finally, CWM LLC grew its stake in Portland General Electric by 5,680.0% in the 4th quarter. CWM LLC now owns 1,156 shares of the utilities provider’s stock valued at $53,000 after buying an additional 1,136 shares during the last quarter. Institutional investors own 96.96% of the company’s stock.

NYSE POR traded up $0.08 during midday trading on Monday, hitting $48.93. The company had a trading volume of 1,133,214 shares, compared to its average volume of 587,838. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.90 and a quick ratio of 0.79. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 6.14 and a beta of 0.27. Portland General Electric has a fifty-two week low of $39.02 and a fifty-two week high of $50.40.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Friday, February 15th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $524.00 million for the quarter, compared to analyst estimates of $520.95 million. Portland General Electric had a net margin of 10.34% and a return on equity of 9.05%. During the same period last year, the business posted $0.67 EPS. As a group, sell-side analysts expect that Portland General Electric will post 2.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, March 25th will be given a $0.3625 dividend. The ex-dividend date is Friday, March 22nd. This represents a $1.45 annualized dividend and a yield of 2.96%. Portland General Electric’s dividend payout ratio is 63.32%.

A number of research analysts recently issued reports on the stock. Mizuho reiterated a “buy” rating and issued a $50.00 target price on shares of Portland General Electric in a research note on Thursday. Zacks Investment Research upgraded shares of Portland General Electric from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research note on Friday, January 25th. ValuEngine upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Barclays raised their target price on shares of Portland General Electric from $42.00 to $43.00 and gave the company a “sell” rating in a research note on Monday, November 19th. Finally, Bank of America upgraded shares of Portland General Electric from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Portland General Electric presently has a consensus rating of “Hold” and an average price target of $44.56.

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About Portland General Electric

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.

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

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