14,735 Shares in Portland General Electric Company $POR Bought by Odyssean LLC

Odyssean LLC bought a new stake in shares of Portland General Electric Company (NYSE:POR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 14,735 shares of the utilities provider’s stock, valued at approximately $764,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Johnson Financial Group Inc. acquired a new position in shares of Portland General Electric during the third quarter valued at about $27,000. Rothschild Investment LLC grew its position in Portland General Electric by 112.9% during the fourth quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock worth $29,000 after buying an additional 324 shares in the last quarter. SHP Wealth Management acquired a new stake in Portland General Electric during the fourth quarter worth about $34,000. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $35,000 after acquiring an additional 526 shares during the period. Finally, IFP Advisors Inc increased its stake in Portland General Electric by 61.7% during the third quarter. IFP Advisors Inc now owns 1,080 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 412 shares during the period.

Portland General Electric Price Performance

Shares of POR stock opened at $50.17 on Thursday. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.14 and a beta of 0.52. Portland General Electric Company has a 12 month low of $41.80 and a 12 month high of $54.62. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $51.05 and a 200 day moving average price of $51.31.

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

Portland General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be issued 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 yield of 4.4%. Portland General Electric’s dividend payout ratio (DPR) is 96.92%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on POR shares. BMO Capital Markets set a $52.00 price objective on Portland General Electric in a report on Tuesday, August 4th. Zacks Research upgraded shares of Portland General Electric from a “strong sell” rating to a “hold” rating 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 research note on Monday, August 3rd. Finally, LADENBURG THALM/SH SH upgraded shares of Portland General Electric from a “neutral” rating to a “buy” rating and set a $48.50 target price for the company in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $51.25.

Insider Transactions at Portland General Electric

In related news, Director Michael A. Lewis sold 1,537 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 15,045 shares in the company, valued at approximately $779,782.35. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Portland General Electric 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.