Breton Hill Capital Ltd. acquired a new stake in shares of Portland General Electric Company (NYSE:POR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,465 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds have also modified their holdings of the company. BlueMountain Capital Management LLC grew its position in shares of Portland General Electric by 0.3% during the 2nd quarter. BlueMountain Capital Management LLC now owns 5,489 shares of the company’s stock valued at $251,000 after acquiring an additional 17 shares during the period. Huntington National Bank grew its position in shares of Portland General Electric by 1.2% during the 2nd quarter. Huntington National Bank now owns 2,809 shares of the company’s stock valued at $128,000 after acquiring an additional 34 shares during the period. Teacher Retirement System of Texas grew its position in shares of Portland General Electric by 0.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 28,167 shares of the company’s stock valued at $1,287,000 after acquiring an additional 122 shares during the period. Amalgamated Bank grew its position in shares of Portland General Electric by 1.1% during the 2nd quarter. Amalgamated Bank now owns 11,374 shares of the company’s stock valued at $520,000 after acquiring an additional 123 shares during the period. Finally, First Midwest Bank Trust Division grew its position in shares of Portland General Electric by 2.4% during the 2nd quarter. First Midwest Bank Trust Division now owns 7,121 shares of the company’s stock valued at $325,000 after acquiring an additional 168 shares during the period. 91.89% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “4,465 Shares in Portland General Electric Company (POR) Purchased by Breton Hill Capital Ltd.” was published by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/4465-shares-in-portland-general-electric-company-por-purchased-by-breton-hill-capital-ltd/1700026.html.

A number of brokerages have recently issued reports on POR. Bank of America Corporation began coverage on shares of Portland General Electric in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of Portland General Electric in a research report on Friday, September 1st. J P Morgan Chase & Co boosted their price objective on shares of Portland General Electric from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research raised shares of Portland General Electric from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, October 4th. Finally, BidaskClub raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$46.00.

Shares of Portland General Electric Company (POR) traded down C$0.26 during trading on Monday, reaching C$48.28. 475,600 shares of the company traded hands, compared to its average volume of 591,366. The company has a market cap of $4,301.38, a P/E ratio of 20.99, a P/E/G ratio of 5.63 and a beta of 0.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.81. Portland General Electric Company has a one year low of C$40.71 and a one year high of C$48.69.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, October 27th. The company reported C$0.44 earnings per share for the quarter, topping the consensus estimate of C$0.38 by C$0.06. The company had revenue of C$515.00 million during the quarter, compared to the consensus estimate of C$497.85 million. Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. Portland General Electric’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. analysts anticipate that Portland General Electric Company will post 2.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, December 26th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Friday, December 22nd. Portland General Electric’s dividend payout ratio is currently 59.13%.

About Portland General Electric

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).

Institutional Ownership by Quarter for Portland General Electric (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 Analyst Ratings Network's FREE daily email newsletter.