Mitsubishi UFJ Trust & Banking Corp Purchases Shares of 15,985 Portland General Electric Company $POR

Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Portland General Electric Company (NYSE:POR) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 15,985 shares of the utilities provider’s stock, valued at approximately $829,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Portland General Electric by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 13,020,573 shares of the utilities provider’s stock valued at $624,857,000 after buying an additional 513,517 shares during the period. State Street Corp raised its holdings in shares of Portland General Electric by 3.4% in the 4th quarter. State Street Corp now owns 4,728,784 shares of the utilities provider’s stock valued at $229,333,000 after acquiring an additional 156,164 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Portland General Electric by 1,342.7% in the 4th quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock valued at $222,824,000 after acquiring an additional 4,321,305 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Portland General Electric by 42.2% during the 4th quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock valued at $170,448,000 after acquiring an additional 1,054,450 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Portland General Electric by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 2,805,796 shares of the utilities provider’s stock valued at $134,680,000 after acquiring an additional 73,185 shares during the last quarter.

Portland General Electric Price Performance

POR opened at $50.74 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $5.97 billion, a P/E ratio of 22.35, a PEG ratio of 2.18 and a beta of 0.52. The stock has a 50-day moving average price of $51.08 and a 200-day moving average price of $51.32. Portland General Electric Company has a 12-month low of $41.80 and a 12-month high of $54.62.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The firm had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $839.75 million. Portland General Electric had a net margin of 7.27% and a return on equity of 7.47%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. Equities analysts predict that Portland General Electric Company will post 3.4 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be given a dividend of $0.5513 per share. This represents a $2.21 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, September 25th. Portland General Electric’s dividend payout ratio (DPR) is presently 96.92%.

Insider Activity at Portland General Electric

In other news, Director Michael A. Lewis sold 1,537 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $51.83, for a total value of $79,662.71. Following the completion of the sale, the director directly owned 15,045 shares in the company, valued at approximately $779,782.35. The trade was a 9.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on POR. JPMorgan Chase & Co. boosted their price objective on Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Weiss Ratings raised shares of Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Wells Fargo & Company set a $51.00 target price on shares of Portland General Electric in a research report on Tuesday, April 21st. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, LADENBURG THALM/SH SH raised shares of Portland General Electric from a “neutral” rating to a “buy” rating and set a $48.50 price target on the stock in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Portland General Electric currently has an average rating of “Hold” and an average target price of $51.25.

Portland General Electric 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.