Principal Financial Group Inc. Has $10.87 Million Stock Position in Portland General Electric Company $POR

Principal Financial Group Inc. lowered its holdings in shares of Portland General Electric Company (NYSE:POR) by 69.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 247,003 shares of the utilities provider’s stock after selling 556,904 shares during the period. Principal Financial Group Inc.’s holdings in Portland General Electric were worth $10,868,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. ATLAS Infrastructure Partners UK Ltd. lifted its position in shares of Portland General Electric by 24.1% in the second quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,459,258 shares of the utilities provider’s stock valued at $221,810,000 after buying an additional 1,058,623 shares during the last quarter. Norges Bank bought a new stake in Portland General Electric in the 2nd quarter valued at $41,554,000. Massachusetts Financial Services Co. MA lifted its holdings in Portland General Electric by 23.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,985,941 shares of the utilities provider’s stock valued at $131,381,000 after purchasing an additional 564,379 shares during the last quarter. Covalis Capital LLP bought a new position in Portland General Electric during the second quarter worth $17,917,000. Finally, Boston Partners boosted its position in Portland General Electric by 127.9% during the second quarter. Boston Partners now owns 766,362 shares of the utilities provider’s stock worth $31,139,000 after purchasing an additional 430,083 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Portland General Electric from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 20th. Jefferies Financial Group raised their price objective on shares of Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Loop Capital set a $48.00 price objective on Portland General Electric in a report on Tuesday, December 30th. Barclays increased their target price on Portland General Electric from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Portland General Electric in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.42.

Portland General Electric Stock Performance

NYSE:POR opened at $51.66 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.25. Portland General Electric Company has a twelve month low of $39.54 and a twelve month high of $51.71. The company has a fifty day moving average of $49.10 and a 200-day moving average of $46.21. The firm has a market capitalization of $5.81 billion, a P/E ratio of 18.78, a P/E/G ratio of 4.49 and a beta of 0.67.

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.