Portland General Electric Company $POR Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in Portland General Electric Company (NYSE:POR) by 16.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 867,954 shares of the utilities provider’s stock after selling 172,413 shares during the period. ProShare Advisors LLC’s holdings in Portland General Electric were worth $41,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Channing Capital Management LLC boosted its stake in Portland General Electric by 39.1% in the third quarter. Channing Capital Management LLC now owns 1,509,269 shares of the utilities provider’s stock valued at $66,408,000 after acquiring an additional 424,622 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Portland General Electric in the fourth quarter valued at $3,662,000. CWA Asset Management Group LLC boosted its holdings in shares of Portland General Electric by 228.9% in the fourth quarter. CWA Asset Management Group LLC now owns 68,462 shares of the utilities provider’s stock valued at $3,285,000 after acquiring an additional 47,644 shares during the period. LSV Asset Management boosted its holdings in shares of Portland General Electric by 9.7% in the third quarter. LSV Asset Management now owns 595,747 shares of the utilities provider’s stock valued at $26,213,000 after acquiring an additional 52,700 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Portland General Electric by 27.7% in the third quarter. Thrivent Financial for Lutherans now owns 1,496,919 shares of the utilities provider’s stock valued at $65,864,000 after acquiring an additional 324,635 shares during the period.

Insider Activity

In other Portland General Electric news, Director Robert N. Hoglund bought 2,000 shares of Portland General Electric stock in a transaction on Monday, May 11th. The stock was bought at an average price of $48.80 per share, with a total value of $97,600.00. Following the completion of the acquisition, the director owned 2,519 shares in the company, valued at $122,927.20. The trade was a 385.36% increase in their ownership of the stock. The purchase 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 firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $48.67, for a total value of $133,842.50. Following the completion of the sale, the vice president directly owned 12,127 shares of the company’s stock, valued at approximately $590,221.09. This trade represents a 18.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,219 shares of company stock worth $767,707 in the last three months. 0.52% of the stock is currently owned by company insiders.

Portland General Electric Price Performance

Shares of NYSE POR opened at $49.29 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.09 and a quick ratio of 0.95. The company has a market cap of $5.70 billion, a PE ratio of 22.01, a P/E/G ratio of 2.02 and a beta of 0.54. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $54.62. The stock has a fifty day moving average price of $51.47 and a 200 day moving average price of $50.42.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The firm had revenue of $879.00 million during the quarter, compared to analyst estimates of $953.24 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. Portland General Electric’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. Sell-side analysts forecast that Portland General Electric Company will post 3.4 EPS for the current year.

Portland General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be given a $0.5513 dividend. The ex-dividend date is Thursday, June 25th. This is an increase from Portland General Electric’s previous quarterly dividend of $0.53. This represents a $2.21 dividend on an annualized basis and a yield of 4.5%. Portland General Electric’s payout ratio is 93.75%.

Analysts Set New Price Targets

POR has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Portland General Electric in a report on Friday. BMO Capital Markets reissued a “market perform” rating and issued a $55.00 price objective on shares of Portland General Electric in a report on Thursday, February 19th. JPMorgan Chase & Co. increased their price objective on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, April 20th. UBS Group increased their price objective on Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Finally, BTIG Research reiterated a “buy” rating and set a $58.00 target price on shares of Portland General Electric in a research note on Friday, January 30th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Portland General Electric has an average rating of “Hold” and a consensus price target of $51.00.

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.