Portland General Electric Company $POR Stock Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC increased its stake in shares of Portland General Electric Company (NYSE:POR) by 14.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,317 shares of the utilities provider’s stock after purchasing an additional 16,988 shares during the period. Portland General Electric accounts for about 1.2% of Moody Aldrich Partners LLC’s holdings, making the stock its 21st biggest position. Moody Aldrich Partners LLC owned about 0.12% of Portland General Electric worth $6,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of POR. Mather Group LLC. grew its holdings in Portland General Electric by 83.9% during the 3rd quarter. Mather Group LLC. now owns 695 shares of the utilities provider’s stock valued at $31,000 after buying an additional 317 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Portland General Electric in the third quarter worth $32,000. State of Wyoming raised its holdings in shares of Portland General Electric by 32.9% in the second quarter. State of Wyoming now owns 1,193 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 295 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Portland General Electric by 426.4% in the second quarter. Versant Capital Management Inc now owns 2,369 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 1,919 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Portland General Electric by 86.0% in the second quarter. IFP Advisors Inc now owns 2,545 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 1,177 shares in the last quarter.

Wall Street Analyst Weigh In

POR has been the subject of a number of recent research reports. KeyCorp reiterated a “sector weight” rating on shares of Portland General Electric in a research report on Thursday, September 24th. UBS Group reduced their target price on shares of Portland General Electric from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, September 28th. BTIG Research set a $57.00 price target on shares of Portland General Electric in a research note on Tuesday, October 20th. Zacks Research raised shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, LADENBURG THALM/SH SH raised shares of Portland General Electric from a “neutral” rating to a “buy” rating and set a $48.50 target price on the stock in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Portland General Electric presently has an average rating of “Hold” and a consensus price target of $50.50.

Portland General Electric Stock Performance

Shares of POR stock opened at $44.22 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.26. The company has a market cap of $5.20 billion, a PE ratio of 19.48, a P/E/G ratio of 2.69 and a beta of 0.49. The company’s fifty day simple moving average is $46.71 and its 200-day simple moving average is $50.04. Portland General Electric Company has a 52 week low of $43.26 and a 52 week high of $54.62.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%. The business had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $839.75 million. During the same period last year, the company posted $0.66 earnings per share. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities research analysts anticipate that Portland General Electric Company will post 3.32 EPS for the current year.

Portland General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, December 22nd will be given a $0.5513 dividend. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $2.21 annualized dividend and a dividend yield of 5.0%. Portland General Electric’s dividend payout ratio is presently 96.92%.

About Portland General Electric

Portland General Electric Company (NYSE:POR) is an investor-owned electric utility that generates, purchases, transmits, distributes and sells electricity to residential, commercial and industrial customers. The company also offers energy-management programs, renewable energy options and other services designed to support energy efficiency and electrification.

PGE serves communities throughout the state of Oregon, including the Portland metropolitan area and the Willamette Valley. Its operations include a diverse portfolio of power generation resources, transmission and distribution infrastructure, and programs supporting the integration of renewable energy and electric vehicles.

The company traces its history to the development of electric service in Oregon in the late 19th century.