Voya Investment Management LLC Purchases 64,460 Shares of Portland General Electric Company $POR

Voya Investment Management LLC boosted its position in shares of Portland General Electric Company (NYSE:POR) by 50.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 192,712 shares of the utilities provider’s stock after acquiring an additional 64,460 shares during the quarter. Voya Investment Management LLC’s holdings in Portland General Electric were worth $8,479,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of POR. ATLAS Infrastructure Partners UK Ltd. boosted its position in Portland General Electric by 164.5% in the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,400,635 shares of the utilities provider’s stock worth $196,268,000 after purchasing an additional 2,736,811 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Portland General Electric by 644.2% in the 1st quarter. AQR Capital Management LLC now owns 2,014,491 shares of the utilities provider’s stock worth $89,846,000 after purchasing an additional 1,743,791 shares during the period. Norges Bank purchased a new position in shares of Portland General Electric in the second quarter worth approximately $41,554,000. Covalis Capital LLP bought a new stake in Portland General Electric during the second quarter valued at approximately $17,917,000. Finally, Boston Partners grew 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 valued at $31,139,000 after buying an additional 430,083 shares during the period.

Portland General Electric Stock Down 0.3%

Shares of POR stock opened at $47.33 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.08 and a quick ratio of 0.95. Portland General Electric Company has a one year low of $39.54 and a one year high of $51.14. The company’s fifty day moving average price is $47.98 and its 200-day moving average price is $44.04. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 4.34 and a beta of 0.67.

Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Thursday, October 30th. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Portland General Electric had a return on equity of 8.32% and a net margin of 8.63%.The business had revenue of $952.00 million during the quarter, compared to analyst estimates of $975.64 million. During the same quarter in the prior year, the business posted $0.90 EPS. Portland General Electric’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts expect that Portland General Electric Company will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, December 22nd. Portland General Electric’s dividend payout ratio (DPR) is 76.36%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on POR shares. Barclays increased their price target on shares of Portland General Electric from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Mizuho set a $47.00 price objective on Portland General Electric in a research note on Monday, November 3rd. BTIG Research raised Portland General Electric to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings raised Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Finally, Wells Fargo & Company assumed coverage on Portland General Electric in a research report on Monday, October 27th. They issued an “equal weight” rating and a $45.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.55.

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.