ATLAS Infrastructure Partners UK Ltd. Has $93.02 Million Holdings in Portland General Electric Company $POR

ATLAS Infrastructure Partners UK Ltd. reduced its position in Portland General Electric Company (NYSE:POR) by 55.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,938,334 shares of the utilities provider’s stock after selling 2,444,158 shares during the period. Portland General Electric accounts for 4.7% of ATLAS Infrastructure Partners UK Ltd.’s portfolio, making the stock its 8th biggest position. ATLAS Infrastructure Partners UK Ltd.’s holdings in Portland General Electric were worth $93,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Clearbridge Investments LLC raised its holdings in Portland General Electric by 1,342.7% in the fourth quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock worth $222,824,000 after purchasing an additional 4,321,305 shares in the last quarter. Norges Bank bought a new position in Portland General Electric in the fourth quarter worth about $56,497,000. AQR Capital Management LLC raised its holdings in Portland General Electric by 42.2% in the fourth quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock worth $170,448,000 after purchasing an additional 1,054,450 shares in the last quarter. UBS Group AG raised its holdings in Portland General Electric by 514.3% in the fourth quarter. UBS Group AG now owns 883,162 shares of the utilities provider’s stock worth $42,383,000 after purchasing an additional 739,404 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Portland General Electric by 99.4% in the third quarter. Millennium Management LLC now owns 1,385,777 shares of the utilities provider’s stock worth $60,974,000 after purchasing an additional 690,743 shares in the last quarter.

Portland General Electric Stock Performance

POR opened at $49.76 on Thursday. Portland General Electric Company has a 52-week low of $39.54 and a 52-week high of $54.62. The company has a quick ratio of 0.95, a current ratio of 1.09 and a debt-to-equity ratio of 1.19. The company has a market cap of $5.76 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.13 and a beta of 0.52. The firm’s 50-day moving average price is $50.45 and its 200-day moving average price is $50.59.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data 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). Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The company had revenue of $879.00 million for the quarter, compared to analyst estimates of $953.24 million. During the same quarter last year, the company earned $0.91 EPS. The business’s revenue was down 5.3% compared to the same quarter last year. As a group, equities analysts anticipate that Portland General Electric Company will post 3.39 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The company also recently announced 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. 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 4.4%. The ex-dividend date is Thursday, June 25th. Portland General Electric’s payout ratio is currently 98.21%.

Insider Activity at Portland General Electric

In other news, Director Robert N. Hoglund bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $48.80 per share, for a total transaction of $97,600.00. Following the completion of the transaction, the director directly owned 2,519 shares in the company, valued at approximately $122,927.20. This represents a 385.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 31,897 shares in the company, valued at approximately $1,563,909.91. This represents a 19.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

POR has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Portland General Electric in a report on Friday, May 15th. JPMorgan Chase & Co. upped their price objective on shares of Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Wells Fargo & Company set a $51.00 price objective on shares of Portland General Electric in a report on Tuesday, April 21st. UBS Group upped their price objective on shares of Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Finally, BMO Capital Markets restated a “market perform” rating and set a $55.00 price objective on shares of Portland General Electric in a report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.