Nordea Investment Management AB Increases Holdings in Portland General Electric (POR)

Nordea Investment Management AB boosted its holdings in shares of Portland General Electric (NYSE:POR) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 178,300 shares of the utilities provider’s stock after buying an additional 1,000 shares during the quarter. Nordea Investment Management AB owned 0.20% of Portland General Electric worth $8,175,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of Portland General Electric by 5,680.0% in the 4th quarter. CWM LLC now owns 1,156 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,136 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in Portland General Electric by 50.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 2,100 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 700 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Portland General Electric by 206.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,146 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 1,446 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Portland General Electric by 185.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,026 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 1,967 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in Portland General Electric by 325.0% during the 3rd quarter. Captrust Financial Advisors now owns 3,141 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 2,402 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

Several equities research analysts recently commented on POR shares. Zacks Investment Research upgraded shares of Portland General Electric from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Friday, March 22nd. Mizuho reiterated a “buy” rating and set a $50.00 price target on shares of Portland General Electric in a research note on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $47.67.

Portland General Electric stock traded up $0.58 during midday trading on Wednesday, hitting $51.19. 488,423 shares of the company’s stock were exchanged, compared to its average volume of 598,491. Portland General Electric has a 12-month low of $39.60 and a 12-month high of $52.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 0.81. The company has a market capitalization of $4.52 billion, a P/E ratio of 21.60, a PEG ratio of 4.98 and a beta of 0.26.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Friday, February 15th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. Portland General Electric had a net margin of 10.65% and a return on equity of 8.56%. The company had revenue of $524.00 million for the quarter, compared to the consensus estimate of $520.95 million. During the same period last year, the firm posted $0.67 EPS. As a group, equities analysts expect that Portland General Electric will post 2.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 25th were given a dividend of $0.3625 per share. This represents a $1.45 annualized dividend and a yield of 2.83%. The ex-dividend date was Friday, March 22nd. Portland General Electric’s payout ratio is currently 61.18%.

In other news, VP Larry Neal Bekkedahl sold 2,700 shares of Portland General Electric stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $49.70, for a total value of $134,190.00. Following the sale, the vice president now owns 9,829 shares of the company’s stock, valued at $488,501.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.39% of the company’s stock.

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Portland General Electric Profile

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, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 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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