Portland General Electric Company $POR Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP decreased its position in Portland General Electric Company (NYSE:POR) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 629,339 shares of the utilities provider’s stock after selling 13,287 shares during the period. Systematic Financial Management LP’s holdings in Portland General Electric were worth $33,210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Portland General Electric by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 13,020,573 shares of the utilities provider’s stock valued at $624,857,000 after acquiring an additional 513,517 shares during the last quarter. State Street Corp increased its stake in Portland General Electric by 3.4% during the fourth quarter. State Street Corp now owns 4,728,784 shares of the utilities provider’s stock worth $229,333,000 after acquiring an additional 156,164 shares during the last quarter. Clearbridge Investments LLC increased its stake in Portland General Electric by 1,342.7% during the fourth quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock worth $222,824,000 after acquiring an additional 4,321,305 shares during the last quarter. AQR Capital Management LLC increased its stake in Portland General Electric by 42.2% during the fourth quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock worth $170,448,000 after acquiring an additional 1,054,450 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Portland General Electric by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 2,805,796 shares of the utilities provider’s stock valued at $134,680,000 after purchasing an additional 73,185 shares during the period.

Insider Activity at Portland General Electric

In other news, Director Robert N. Hoglund bought 2,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of $48.80 per share, for a total transaction of $97,600.00. Following the acquisition, the director directly owned 2,519 shares of the company’s stock, valued at $122,927.20. The trade was a 385.36% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of Portland General Electric stock in a transaction dated 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 of the company’s stock, valued at approximately $1,563,909.91. This represents a 19.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on POR shares. BMO Capital Markets decreased their price target on Portland General Electric from $55.00 to $54.00 and set a “market perform” rating on the stock in a research note on Wednesday. Wells Fargo & Company set a $51.00 price objective on shares of Portland General Electric in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Portland General Electric in a research report on Friday, May 15th. JPMorgan Chase & Co. increased their target price on shares of Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, April 20th. Finally, Zacks Research lowered shares of Portland General Electric from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Portland General Electric has an average rating of “Reduce” and an average target price of $50.90.

Portland General Electric Stock Down 1.0%

NYSE:POR opened at $52.41 on Friday. 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 stock’s fifty day moving average is $50.98 and its two-hundred day moving average is $51.26. Portland General Electric Company has a 52 week low of $39.73 and a 52 week high of $54.62. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.52.

Portland General Electric (NYSE:POR) last issued its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.58 earnings per share 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%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. Research analysts anticipate that Portland General Electric Company will post 3.4 EPS for the current year.

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.