SG Americas Securities LLC Has $11.25 Million Position in Portland General Electric Company $POR

SG Americas Securities LLC lifted its holdings in shares of Portland General Electric Company (NYSE:POR) by 1,251.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 213,163 shares of the utilities provider’s stock after purchasing an additional 197,390 shares during the period. SG Americas Securities LLC’s holdings in Portland General Electric were worth $11,249,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, VP Juan Diego Gallegos sold 2,750 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $48.67, for a total transaction of $133,842.50. Following the completion of the sale, the vice president owned 12,127 shares in the company, valued at approximately $590,221.09. The trade was a 18.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total value of $367,725.00. Following the completion of the transaction, the chief financial officer directly owned 31,897 shares in the company, valued at approximately $1,563,909.91. This trade represents a 19.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.52% of the company’s stock.

Portland General Electric Stock Performance

Shares of NYSE:POR opened at $52.48 on Friday. The stock has a market capitalization of $6.07 billion, a P/E ratio of 23.43, a P/E/G ratio of 2.16 and a beta of 0.52. Portland General Electric Company has a 1-year low of $39.73 and a 1-year high of $54.62. The company has a current ratio of 1.09, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19. The business has a 50-day moving average price of $50.13 and a two-hundred day moving average price of $50.66.

Portland General Electric (NYSE:POR) last issued 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). The business had revenue of $879.00 million during the quarter, compared to the consensus estimate of $953.24 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. Equities analysts predict that Portland General Electric Company will post 3.39 earnings per share for the current year.

Portland General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, June 25th will be issued a $0.5513 dividend. This is an increase from Portland General Electric’s previous quarterly dividend of $0.53. This represents a $2.21 annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, June 25th. Portland General Electric’s dividend payout ratio (DPR) is currently 98.21%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on POR shares. Wells Fargo & Company set a $51.00 target price on shares of Portland General Electric in a research report on Tuesday, April 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Portland General Electric in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. upped 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. One research analyst has 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 data from MarketBeat.com, Portland General Electric presently 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.