BNP Paribas Arbitrage SA Sells 4,617 Shares of Portland General Electric Company (POR)

BNP Paribas Arbitrage SA lowered its stake in shares of Portland General Electric Company (NYSE:POR) by 52.2% during the first quarter, Holdings Channel reports. The fund owned 4,221 shares of the utilities provider’s stock after selling 4,617 shares during the period. BNP Paribas Arbitrage SA’s holdings in Portland General Electric Company were worth $187,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Putnam Investments LLC increased its position in Portland General Electric Company by 1.2% in the fourth quarter. Putnam Investments LLC now owns 89,690 shares of the utilities provider’s stock valued at $3,886,000 after buying an additional 1,100 shares in the last quarter. Denver Investment Advisors LLC increased its position in Portland General Electric Company by 60.3% in the fourth quarter. Denver Investment Advisors LLC now owns 548,977 shares of the utilities provider’s stock valued at $23,787,000 after buying an additional 206,509 shares in the last quarter. Foresters Investment Management Company Inc. increased its position in Portland General Electric Company by 1.6% in the fourth quarter. Foresters Investment Management Company Inc. now owns 333,100 shares of the utilities provider’s stock valued at $14,440,000 after buying an additional 5,400 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in Portland General Electric Company during the fourth quarter valued at $268,000. Finally, Renaissance Technologies LLC increased its position in Portland General Electric Company by 37.5% in the fourth quarter. Renaissance Technologies LLC now owns 907,000 shares of the utilities provider’s stock valued at $39,300,000 after buying an additional 247,400 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Portland General Electric Company (NYSE:POR)

Portland General Electric Company (NYSE POR) opened at 47.68 on Tuesday. The firm’s 50-day moving average is $46.27 and its 200 day moving average is $44.63. Portland General Electric Company has a 12-month low of $40.28 and a 12-month high of $48.06. The firm has a market cap of $4.25 billion, a PE ratio of 20.73 and a beta of 0.33.

Portland General Electric Company (NYSE:POR) last issued its quarterly earnings data on Friday, April 28th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. Portland General Electric Company had a net margin of 10.43% and a return on equity of 8.78%. The company had revenue of $530 million during the quarter, compared to the consensus estimate of $521.97 million. During the same quarter last year, the company earned $0.68 earnings per share. Portland General Electric Company’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts predict that Portland General Electric Company will post $2.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, June 26th will be given a $0.34 dividend. This is an increase from Portland General Electric Company’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, June 22nd. This represents a $1.36 annualized dividend and a yield of 2.85%. Portland General Electric Company’s dividend payout ratio (DPR) is 55.65%.

WARNING: This article was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/2654345/bnp-paribas-arbitrage-sa-sells-4617-shares-of-portland-general-electric-company-por.html.

Several research firms have recently weighed in on POR. Zacks Investment Research raised shares of Portland General Electric Company from a “sell” rating to a “hold” rating in a research note on Saturday, March 11th. Barclays PLC reissued an “underweight” rating and issued a $44.00 price target (up from $41.00) on shares of Portland General Electric Company in a research note on Sunday, April 23rd. Finally, Wolfe Research downgraded shares of Portland General Electric Company from a “market perform” rating to an “underperform” rating in a research note on Tuesday, February 21st. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Portland General Electric Company currently has an average rating of “Hold” and an average price target of $44.20.

In other Portland General Electric Company news, VP Campbell A. Henderson sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the sale, the vice president now owns 20,424 shares of the company’s stock, valued at $919,284.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William O. Nicholson sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $45.10, for a total transaction of $270,600.00. Following the completion of the sale, the insider now directly owns 16,313 shares of the company’s stock, valued at approximately $735,716.30. The disclosure for this sale can be found here. 0.55% of the stock is owned by company insiders.

About Portland General Electric Company

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

Want to see what other hedge funds are holding POR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Portland General Electric Company (NYSE:POR).

Receive News & Ratings for Portland General Electric Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.