Eaton Vance Management Acquires 24,518 Shares of Portland General Electric (POR)

Eaton Vance Management grew its holdings in Portland General Electric (NYSE:POR) by 17.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,272 shares of the utilities provider’s stock after buying an additional 24,518 shares during the period. Eaton Vance Management’s holdings in Portland General Electric were worth $7,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of POR. Hsbc Holdings PLC raised its holdings in shares of Portland General Electric by 61.5% in the 3rd quarter. Hsbc Holdings PLC now owns 228,729 shares of the utilities provider’s stock valued at $10,429,000 after purchasing an additional 87,138 shares in the last quarter. United Services Automobile Association raised its holdings in shares of Portland General Electric by 105.4% in the 3rd quarter. United Services Automobile Association now owns 126,009 shares of the utilities provider’s stock valued at $5,747,000 after purchasing an additional 64,662 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in shares of Portland General Electric by 7.5% in the 3rd quarter. AMP Capital Investors Ltd now owns 29,915 shares of the utilities provider’s stock valued at $1,344,000 after purchasing an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Portland General Electric by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,120,367 shares of the utilities provider’s stock valued at $51,098,000 after purchasing an additional 34,697 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Portland General Electric by 10.4% in the 3rd quarter. Panagora Asset Management Inc. now owns 1,377,367 shares of the utilities provider’s stock valued at $62,822,000 after purchasing an additional 129,294 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

NYSE POR opened at $49.39 on Friday. 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 company has a market cap of $4.37 billion, a P/E ratio of 19.68, a PEG ratio of 6.38 and a beta of 0.19. Portland General Electric has a 52 week low of $39.02 and a 52 week high of $49.50.

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, topping the consensus estimate of $0.50 by $0.09. The firm had revenue of $525.00 million during the quarter, compared to analyst estimates of $527.63 million. Portland General Electric had a net margin of 10.34% and a return on equity of 9.05%. Portland General Electric’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. Research analysts forecast that Portland General Electric will post 2.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 26th will be paid a dividend of $0.3625 per share. The ex-dividend date of this dividend is Monday, December 24th. This represents a $1.45 annualized dividend and a dividend yield of 2.94%. Portland General Electric’s dividend payout ratio (DPR) is presently 63.32%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Portland General Electric from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Wells Fargo & Co boosted their price target on shares of Portland General Electric from $47.00 to $48.00 and gave the company a “market perform” rating in a report on Monday, September 17th. ValuEngine upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Bank of America upgraded shares of Portland General Electric from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 30th. Finally, Barclays boosted their price target on shares of Portland General Electric from $42.00 to $43.00 and gave the company a “sell” rating in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Portland General Electric has an average rating of “Hold” and an average target price of $43.94.

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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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