Portland General Electric Company $POR Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of Portland General Electric Company (NYSE:POR) by 251.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,364 shares of the utilities provider’s stock after purchasing an additional 13,856 shares during the period. Jones Financial Companies Lllp’s holdings in Portland General Electric were worth $841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. IFP Advisors Inc raised its holdings in shares of Portland General Electric by 1,291.7% during the second quarter. IFP Advisors Inc now owns 668 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 620 shares during the period. Root Financial Partners LLC bought a new stake in shares of Portland General Electric during the 3rd quarter valued at about $27,000. Bell Investment Advisors Inc grew its position in shares of Portland General Electric by 80.6% during the 2nd quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock valued at $34,000 after buying an additional 370 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Portland General Electric during the second quarter worth about $51,000. Finally, Allworth Financial LP lifted its holdings in Portland General Electric by 136.9% in the second quarter. Allworth Financial LP now owns 1,343 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 776 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on POR shares. Mizuho set a $47.00 target price on Portland General Electric in a report on Monday, November 3rd. UBS Group reduced their price objective on Portland General Electric from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Portland General Electric in a research report on Monday, December 29th. Barclays boosted their price target on shares of Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Finally, BTIG Research restated a “buy” rating and set a $58.00 price target on shares of Portland General Electric in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $48.42.

Portland General Electric Stock Up 1.5%

Shares of Portland General Electric stock opened at $52.48 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.08 and a quick ratio of 0.95. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $52.67. The business’s fifty day moving average price is $49.17 and its two-hundred day moving average price is $46.26. The company has a market capitalization of $5.90 billion, a P/E ratio of 19.08, a PEG ratio of 4.53 and a beta of 0.67.

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.