Edgestream Partners L.P. Has $14.20 Million Holdings in Portland General Electric Company $POR

Edgestream Partners L.P. raised its stake in shares of Portland General Electric Company (NYSE:POR) by 126.7% in the first quarter, Holdings Channel reports. The institutional investor owned 269,147 shares of the utilities provider’s stock after buying an additional 150,449 shares during the quarter. Portland General Electric comprises about 0.5% of Edgestream Partners L.P.’s portfolio, making the stock its 9th biggest position. Edgestream Partners L.P.’s holdings in Portland General Electric were worth $14,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of Portland General Electric in the fourth quarter valued at approximately $25,000. Private Trust Co. NA lifted its stake in Portland General Electric by 76.4% in the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 239 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Portland General Electric in the 3rd quarter valued at $27,000. Rothschild Investment LLC grew its position in shares of Portland General Electric by 112.9% during the 4th quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 324 shares in the last quarter. Finally, SHP Wealth Management bought a new position in shares of Portland General Electric in the fourth quarter worth $34,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on POR shares. Zacks Research downgraded Portland General Electric from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Wells Fargo & Company set a $51.00 target price on Portland General Electric in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. JPMorgan Chase & Co. lifted their price target on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Finally, BMO Capital Markets cut their price objective on Portland General Electric from $55.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $50.90.

Insider Transactions at Portland General Electric

In other news, Director Robert N. Hoglund acquired 2,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $48.80 per share, for a total transaction of $97,600.00. Following the acquisition, the director owned 2,519 shares of the company’s stock, valued at $122,927.20. This trade represents a 385.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Juan Diego Gallegos sold 2,750 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $48.67, for a total value of $133,842.50. Following the transaction, the vice president owned 12,127 shares in the company, valued at $590,221.09. This trade represents a 18.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 11,787 shares of company stock worth $581,230. 0.52% of the stock is currently owned by company insiders.

Portland General Electric Stock Performance

Portland General Electric stock opened at $50.31 on Thursday. The firm’s fifty day moving average price is $51.18 and its 200-day moving average price is $51.33. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.09. The stock has a market cap of $5.82 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.15 and a beta of 0.52. Portland General Electric Company has a fifty-two week low of $40.81 and a fifty-two week high of $54.62.

Portland General Electric (NYSE:POR) last announced its earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.19). Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.The company had revenue of $879.00 million during the quarter, compared to analysts’ expectations of $953.24 million. During the same quarter last year, the firm posted $0.91 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. On average, equities research analysts expect that Portland General Electric Company will post 3.38 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.5513 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.21 annualized dividend and a yield of 4.4%. Portland General Electric’s payout ratio is 98.21%.

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.