Great Lakes Advisors LLC Sells 14,013 Shares of Portland General Electric Company $POR

Great Lakes Advisors LLC lessened its position in Portland General Electric Company (NYSE:POR) by 10.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,521 shares of the utilities provider’s stock after selling 14,013 shares during the period. Great Lakes Advisors LLC’s holdings in Portland General Electric were worth $5,083,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC lifted its stake in Portland General Electric by 38.8% in the second quarter. Campbell & CO Investment Adviser LLC now owns 44,777 shares of the utilities provider’s stock valued at $1,819,000 after buying an additional 12,518 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Portland General Electric by 143.8% during the third quarter. SG Americas Securities LLC now owns 88,381 shares of the utilities provider’s stock worth $3,889,000 after acquiring an additional 52,127 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. raised its holdings in shares of Portland General Electric by 24.1% during the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,459,258 shares of the utilities provider’s stock worth $221,810,000 after acquiring an additional 1,058,623 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Portland General Electric in the 2nd quarter valued at $376,000. Finally, Envestnet Asset Management Inc. boosted its stake in Portland General Electric by 5.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 513,398 shares of the utilities provider’s stock worth $20,859,000 after purchasing an additional 26,753 shares during the period.

Portland General Electric Stock Down 0.1%

NYSE:POR opened at $50.23 on Friday. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $51.14. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 4.40 and a beta of 0.67. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average price is $48.99 and its two-hundred day moving average price is $45.60.

Portland General Electric (NYSE:POR) last released its earnings results on Thursday, October 30th. The utilities provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.02. The business had revenue of $952.00 million during the quarter, compared to analysts’ expectations of $975.64 million. Portland General Electric had a net margin of 8.63% and a return on equity of 8.32%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. Equities research analysts expect that Portland General Electric Company will post 3.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on POR shares. UBS Group dropped their price target on Portland General Electric from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. BTIG Research reiterated a “buy” rating and set a $58.00 price objective on shares of Portland General Electric in a report on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Portland General Electric in a research note on Monday, December 29th. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $43.00 price target on shares of Portland General Electric in a research report on Thursday, December 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $48.42.

About Portland General Electric

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.