Cambridge Investment Research Advisors Inc. Has $817,000 Position in Portland General Electric (NYSE:POR)

Cambridge Investment Research Advisors Inc. cut its position in Portland General Electric (NYSE:POR – Get Rating) by 59.9% during the 4th quarter, HoldingsChannel reports. The firm owned 16,671 shares of the utilities provider’s stock after selling 24,904 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Portland General Electric were worth $817,000 at the end of the most recent quarter.

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

Insider Activity

In other Portland General Electric news, VP Brett Michael Sims sold 2,050 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $47.00, for a total transaction of $96,350.00. Following the transaction, the vice president now owns 10,978 shares of the company’s stock, valued at $515,966. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Portland General Electric news, VP Brett Michael Sims sold 2,050 shares of Portland General Electric stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $47.00, for a total transaction of $96,350.00. Following the completion of the transaction, the vice president now directly owns 10,978 shares of the company’s stock, valued at $515,966. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John Teeruk Kochavatr sold 3,000 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $51.12, for a total transaction of $153,360.00. Following the completion of the transaction, the vice president now directly owns 15,489 shares in the company, valued at $791,797.68. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Portland General Electric Stock Performance

Shares of NYSE POR opened at $49.36 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.89 and a current ratio of 1.02. The stock has a 50 day moving average price of $49.55 and a 200 day moving average price of $48.44. The stock has a market capitalization of $4.77 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 3.03 and a beta of 0.58. Portland General Electric has a 52 week low of $41.58 and a 52 week high of $56.37.

Portland General Electric (NYSE:POR – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The utilities provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.59 by $0.11. The company had revenue of $687.00 million during the quarter, compared to the consensus estimate of $624.60 million. Portland General Electric had a return on equity of 9.06% and a net margin of 8.88%. Analysts predict that Portland General Electric will post 2.68 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, June 26th will be paid a dividend of $0.475 per share. The ex-dividend date is Friday, June 23rd. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.45. This represents a $1.90 annualized dividend and a dividend yield of 3.85%. Portland General Electric’s payout ratio is currently 66.30%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on POR shares. Bank of America raised shares of Portland General Electric from a “neutral” rating to a “buy” rating and lifted their price target for the company from $47.00 to $52.00 in a research note on Tuesday, March 14th. JPMorgan Chase & Co. assumed coverage on shares of Portland General Electric in a research note on Monday, May 8th. They issued an “overweight” rating and a $56.00 target price for the company. Credit Suisse Group lifted their price target on Portland General Electric from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, February 21st. StockNews.com assumed coverage on Portland General Electric in a research report on Thursday. They set a “hold” rating for the company. Finally, Wells Fargo & Company boosted their target price on Portland General Electric from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Friday, February 17th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.75.

Portland General Electric 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.