Trust Co. of Vermont Buys New Shares in Portland General Electric Company $POR

Trust Co. of Vermont bought a new position in shares of Portland General Electric Company (NYSE:POR) during the 2nd quarter, Holdings Channel.com reports. The firm bought 39,717 shares of the utilities provider’s stock, valued at approximately $2,059,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its holdings in shares of Portland General Electric by 76.4% during the 4th quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares during the period. Johnson Financial Group Inc. purchased a new stake in Portland General Electric in the third quarter valued at approximately $27,000. Rothschild Investment LLC grew its holdings in Portland General Electric by 112.9% in the fourth quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 324 shares during the period. SHP Wealth Management purchased a new stake in Portland General Electric in the fourth quarter valued at approximately $34,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Portland General Electric by 272.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 719 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 526 shares during the last quarter.

Insider Activity

In other news, Director Michael A. Lewis sold 1,537 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $51.83, for a total transaction of $79,662.71. Following the transaction, the director directly owned 15,045 shares of the company’s stock, valued at approximately $779,782.35. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on POR shares. BMO Capital Markets set a $52.00 price target on shares of Portland General Electric in a research note on Tuesday, August 4th. Weiss Ratings upgraded Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. LADENBURG THALM/SH SH raised 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. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. boosted their price target on Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.25.

Portland General Electric Price Performance

POR stock opened at $50.83 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.98. Portland General Electric Company has a 1 year low of $41.80 and a 1 year high of $54.62. The firm has a market cap of $5.98 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 2.18 and a beta of 0.52. The stock has a 50-day simple moving average of $51.10 and a 200-day simple moving average of $51.33.

Portland General Electric (NYSE:POR) last announced its earnings results on Thursday, July 30th. The utilities provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $839.75 million. Portland General Electric had a net margin of 7.27% and a return on equity of 7.47%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 earnings per share. On average, equities analysts predict that Portland General Electric Company will post 3.4 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be paid a dividend of $0.5513 per share. The ex-dividend date is Friday, September 25th. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.3%. Portland General Electric’s dividend payout ratio (DPR) is currently 96.92%.

Portland General Electric Company Profile

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.