Portland General Electric Company (NYSE:POR) Stake Lowered by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in shares of Portland General Electric Company (NYSE:POR) by 10.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,567 shares of the utilities provider’s stock after selling 18,016 shares during the period. California State Teachers Retirement System owned 0.18% of Portland General Electric worth $7,245,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in POR. BlueMountain Capital Management LLC grew its stake in shares of Portland General Electric by 0.3% in the 2nd quarter. BlueMountain Capital Management LLC now owns 5,489 shares of the utilities provider’s stock valued at $251,000 after buying an additional 17 shares during the period. Huntington National Bank grew its stake in shares of Portland General Electric by 1.2% in the 2nd quarter. Huntington National Bank now owns 2,809 shares of the utilities provider’s stock valued at $128,000 after buying an additional 34 shares during the period. Trust Co. of Vermont lifted its holdings in shares of Portland General Electric by 0.3% in the 2nd quarter. Trust Co. of Vermont now owns 11,889 shares of the utilities provider’s stock worth $544,000 after acquiring an additional 41 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Portland General Electric by 0.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 28,167 shares of the utilities provider’s stock worth $1,287,000 after acquiring an additional 122 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Portland General Electric by 1.1% in the 2nd quarter. Amalgamated Bank now owns 11,374 shares of the utilities provider’s stock worth $520,000 after acquiring an additional 123 shares during the last quarter. 93.05% of the stock is owned by institutional investors.



POR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. J P Morgan Chase & Co upped their price objective on shares of Portland General Electric from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. BidaskClub upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Williams Capital lowered shares of Portland General Electric from a “hold” rating to a “sell” rating and reduced their target price for the stock from $44.00 to $41.00 in a report on Monday, July 24th. Finally, KeyCorp reiterated a “hold” rating on shares of Portland General Electric in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.00.

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Portland General Electric Company (POR) traded down $0.26 during midday trading on Friday, hitting $48.28. 475,600 shares of the company were exchanged, compared to its average volume of 591,366. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.81. The stock has a market cap of $4,325.43, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 5.66 and a beta of 0.29. Portland General Electric Company has a 1 year low of $40.71 and a 1 year high of $48.69.

Portland General Electric (NYSE:POR) last posted its earnings results on Friday, October 27th. The utilities provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.06. Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. The firm had revenue of $515.00 million for the quarter, compared to the consensus estimate of $497.85 million. During the same period last year, the firm posted $0.38 EPS. The company’s revenue was up 6.4% on a year-over-year basis. equities analysts expect that Portland General Electric Company will post 2.26 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 26th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Friday, December 22nd. Portland General Electric’s payout ratio is currently 59.13%.

Portland General Electric Company Profile

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

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

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