Portland General Electric (NYSE:POR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Portland General Electric (NYSE:PORGet Rating) by 69.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,824 shares of the utilities provider’s stock after selling 31,119 shares during the period. SG Americas Securities LLC’s holdings in Portland General Electric were worth $601,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in POR. American Century Companies Inc. boosted its holdings in shares of Portland General Electric by 17.4% in the 1st quarter. American Century Companies Inc. now owns 14,034 shares of the utilities provider’s stock valued at $774,000 after buying an additional 2,083 shares during the period. Citigroup Inc. boosted its holdings in shares of Portland General Electric by 58.9% in the 1st quarter. Citigroup Inc. now owns 46,899 shares of the utilities provider’s stock valued at $2,586,000 after buying an additional 17,386 shares during the period. Bank of Montreal Can acquired a new position in shares of Portland General Electric in the 1st quarter valued at about $239,000. Acadian Asset Management LLC acquired a new position in shares of Portland General Electric in the 1st quarter valued at about $460,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Portland General Electric by 55.0% in the 1st quarter. MetLife Investment Management LLC now owns 47,232 shares of the utilities provider’s stock valued at $2,605,000 after buying an additional 16,750 shares during the period. 97.03% of the stock is owned by institutional investors and hedge funds.

Portland General Electric Stock Up 1.9 %

POR stock opened at $46.50 on Monday. Portland General Electric has a 52 week low of $41.58 and a 52 week high of $57.03. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. The firm’s 50-day moving average is $48.33 and its two-hundred day moving average is $48.73. The company has a current ratio of 0.76, a quick ratio of 0.67 and a debt-to-equity ratio of 1.30.

Portland General Electric (NYSE:PORGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The utilities provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Portland General Electric had a net margin of 9.66% and a return on equity of 9.09%. The company had revenue of $743.00 million for the quarter, compared to the consensus estimate of $636.61 million. During the same period in the previous year, the firm earned $0.56 EPS. Portland General Electric’s revenue was up 15.7% on a year-over-year basis. On average, analysts forecast that Portland General Electric will post 2.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Mizuho decreased their price target on shares of Portland General Electric from $51.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, October 7th. Credit Suisse Group raised shares of Portland General Electric from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $43.00 to $46.00 in a research note on Wednesday, October 26th. StockNews.com raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, December 6th. Guggenheim reduced their target price on shares of Portland General Electric from $56.00 to $48.00 in a research note on Monday, October 24th. Finally, Wells Fargo & Company boosted their target price on shares of Portland General Electric to $53.00 in a research note on Wednesday, December 14th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.29.

Portland General Electric Company Profile

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Portland General Electric Co engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The firm also sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers. It also serves residential, commercial and non-residential customers.

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Institutional Ownership by Quarter for Portland General Electric (NYSE:POR)

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