GSA Capital Partners LLP Invests $509,000 in Portland General Electric (POR)

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GSA Capital Partners LLP bought a new stake in Portland General Electric (NYSE:POR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,095 shares of the utilities provider’s stock, valued at approximately $509,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Mercantile Trust Co. raised its holdings in shares of Portland General Electric by 4.5% during the fourth quarter. First Mercantile Trust Co. now owns 5,182 shares of the utilities provider’s stock worth $237,000 after acquiring an additional 222 shares in the last quarter. Advisors Asset Management Inc. increased its position in Portland General Electric by 1.6% during the fourth quarter. Advisors Asset Management Inc. now owns 17,648 shares of the utilities provider’s stock worth $809,000 after buying an additional 281 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Portland General Electric by 3.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 14,777 shares of the utilities provider’s stock worth $678,000 after buying an additional 522 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Portland General Electric by 1.1% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 50,832 shares of the utilities provider’s stock worth $2,331,000 after buying an additional 555 shares during the last quarter. Finally, Dean Capital Investments Management LLC increased its position in Portland General Electric by 7.4% during the fourth quarter. Dean Capital Investments Management LLC now owns 13,708 shares of the utilities provider’s stock worth $629,000 after buying an additional 942 shares during the last quarter. Institutional investors own 95.69% of the company’s stock.

In related news, VP Larry Neal Bekkedahl sold 2,700 shares of Portland General Electric stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $49.70, for a total transaction of $134,190.00. Following the sale, the vice president now directly owns 9,829 shares of the company’s stock, valued at $488,501.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.62% of the stock is owned by company insiders.

POR has been the topic of several analyst reports. Zacks Investment Research raised shares of Portland General Electric from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research report on Friday, January 25th. ValuEngine raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Mizuho reissued a “buy” rating and set a $50.00 target price on shares of Portland General Electric in a research report on Thursday, February 14th. Finally, Barclays increased their target price on shares of Portland General Electric from $42.00 to $43.00 and gave the stock a “sell” rating in a research report on Monday, November 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $46.00.

Portland General Electric stock opened at $51.94 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.71 and a current ratio of 0.81. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 5.40 and a beta of 0.26. Portland General Electric has a one year low of $39.09 and a one year high of $52.42.

Portland General Electric (NYSE:POR) last posted its earnings results on Friday, February 15th. The utilities provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The firm had revenue of $524.00 million for the quarter, compared to the consensus estimate of $520.95 million. Portland General Electric had a net margin of 10.65% and a return on equity of 8.56%. During the same period in the prior year, the business posted $0.67 earnings per share. On average, sell-side analysts predict that Portland General Electric will post 2.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, March 25th will be given a dividend of $0.3625 per share. This represents a $1.45 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Friday, March 22nd. Portland General Electric’s dividend payout ratio (DPR) is presently 61.18%.

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Portland General Electric Company Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.

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

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