Paloma Partners Management Co raised its holdings in shares of Portland General Electric (NYSE:POR) by 242.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,775 shares of the utilities provider’s stock after acquiring an additional 43,710 shares during the period. Paloma Partners Management Co owned approximately 0.07% of Portland General Electric worth $2,816,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Jackson Wealth Management LLC lifted its stake in Portland General Electric by 5.7% during the 3rd quarter. Jackson Wealth Management LLC now owns 48,080 shares of the utilities provider’s stock valued at $2,240,000 after acquiring an additional 2,577 shares during the period. Dalton Greiner Hartman Maher & Co. increased its holdings in shares of Portland General Electric by 3.4% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 320,604 shares of the utilities provider’s stock valued at $14,613,000 after purchasing an additional 10,396 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Portland General Electric during the 3rd quarter valued at approximately $286,000. Vident Investment Advisory LLC increased its holdings in shares of Portland General Electric by 13.9% during the 3rd quarter. Vident Investment Advisory LLC now owns 61,803 shares of the utilities provider’s stock valued at $2,821,000 after purchasing an additional 7,562 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Portland General Electric by 26.4% during the 3rd quarter. Sei Investments Co. now owns 92,995 shares of the utilities provider’s stock valued at $4,244,000 after purchasing an additional 19,396 shares in the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.
Shares of Portland General Electric (NYSE:POR) opened at $39.33 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.04 and a debt-to-equity ratio of 1.00. The stock has a market cap of $3,512.00, a price-to-earnings ratio of 18.73, a PEG ratio of 6.14 and a beta of 0.25. Portland General Electric has a 1-year low of $39.02 and a 1-year high of $50.11.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, March 26th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, March 23rd. This represents a $1.36 annualized dividend and a dividend yield of 3.46%. Portland General Electric’s payout ratio is 64.76%.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Portland General Electric from a “hold” rating to a “sell” rating in a report on Wednesday, December 13th. Guggenheim reaffirmed a “hold” rating and set a $48.00 target price on shares of Portland General Electric in a report on Wednesday, January 3rd. JPMorgan Chase & Co. dropped their target price on shares of Portland General Electric from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. UBS Group assumed coverage on shares of Portland General Electric in a report on Friday, February 2nd. They set a “sell” rating and a $40.00 target price for the company. Finally, Wells Fargo & Co set a $42.00 target price on shares of Portland General Electric and gave the stock a “hold” rating in a report on Tuesday, February 13th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.61.
In other news, VP Bradley Young Jenkins sold 618 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $40.47, for a total transaction of $25,010.46. Following the transaction, the vice president now owns 896 shares of the company’s stock, valued at approximately $36,261.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.55% of the company’s stock.
About Portland General Electric
Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.
Want to see what other hedge funds are holding POR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Portland General Electric (NYSE:POR).
Receive News & Ratings for Portland General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric and related companies with MarketBeat.com's FREE daily email newsletter.