John G Ullman & Associates Inc. Acquires 33,898 Shares of Portland General Electric Company $POR

John G Ullman & Associates Inc. increased its holdings in Portland General Electric Company (NYSE:POR) by 18.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,834 shares of the utilities provider’s stock after purchasing an additional 33,898 shares during the quarter. Portland General Electric accounts for 1.3% of John G Ullman & Associates Inc.’s investment portfolio, making the stock its 20th biggest position. John G Ullman & Associates Inc. owned 0.20% of Portland General Electric worth $9,673,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in POR. Bessemer Group Inc. grew its stake in shares of Portland General Electric by 406.2% during the third quarter. Bessemer Group Inc. now owns 4,257 shares of the utilities provider’s stock valued at $187,000 after buying an additional 3,416 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Portland General Electric by 166.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,276 shares of the utilities provider’s stock valued at $188,000 after acquiring an additional 2,669 shares during the period. Jones Financial Companies Lllp grew its position in Portland General Electric by 251.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 19,364 shares of the utilities provider’s stock worth $841,000 after acquiring an additional 13,856 shares during the last quarter. State of Wyoming increased its stake in Portland General Electric by 2.3% in the 3rd quarter. State of Wyoming now owns 15,210 shares of the utilities provider’s stock worth $669,000 after purchasing an additional 345 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Portland General Electric by 27.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,496,919 shares of the utilities provider’s stock worth $65,864,000 after purchasing an additional 324,635 shares during the period.

Portland General Electric Price Performance

Shares of NYSE POR opened at $50.93 on Friday. Portland General Electric Company has a 1 year low of $39.54 and a 1 year high of $51.65. The stock has a market capitalization of $5.73 billion, a P/E ratio of 18.52, a P/E/G ratio of 4.44 and a beta of 0.67. The company’s 50-day moving average is $49.01 and its 200 day moving average is $45.88. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.08 and a quick ratio of 0.95.

Analyst Ratings Changes

POR has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. BMO Capital Markets reissued a “market perform” rating on shares of Portland General Electric in a report on Tuesday, December 30th. Wells Fargo & Company boosted their price objective on shares of Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Jefferies Financial Group increased their target price on shares of Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, October 22nd. Finally, LADENBURG THALM/SH SH reissued a “sell” rating and issued a $43.00 target price on shares of Portland General Electric in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.42.

About Portland General Electric

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.