Portland General Electric Company $POR Shares Acquired by Nuance Investments LLC

Nuance Investments LLC increased its holdings in shares of Portland General Electric Company (NYSE:POR) by 212.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 396,173 shares of the utilities provider’s stock after acquiring an additional 269,288 shares during the period. Portland General Electric makes up about 1.8% of Nuance Investments LLC’s portfolio, making the stock its 19th largest holding. Nuance Investments LLC’s holdings in Portland General Electric were worth $17,432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC increased its stake in Portland General Electric by 38.8% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 44,777 shares of the utilities provider’s stock worth $1,819,000 after buying an additional 12,518 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Portland General Electric by 143.8% in the third quarter. SG Americas Securities LLC now owns 88,381 shares of the utilities provider’s stock valued at $3,889,000 after acquiring an additional 52,127 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. boosted its stake 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 worth $221,810,000 after acquiring an additional 1,058,623 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Portland General Electric in the second quarter worth approximately $376,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Portland General Electric by 5.5% during the second quarter. Envestnet Asset Management Inc. now owns 513,398 shares of the utilities provider’s stock worth $20,859,000 after purchasing an additional 26,753 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BMO Capital Markets restated a “market perform” rating on shares of Portland General Electric in a report on Tuesday, December 30th. LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $43.00 target price on shares of Portland General Electric in a research report on Thursday, December 4th. Loop Capital set a $48.00 price target on shares of Portland General Electric in a research report on Tuesday, December 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Portland General Electric in a research note on Monday, December 29th. Finally, Wells Fargo & Company increased their price objective on shares of Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. Three investment 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. According to MarketBeat, Portland General Electric currently has an average rating of “Hold” and a consensus target price of $48.42.

Portland General Electric Price Performance

Portland General Electric stock opened at $50.74 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.25. The company has a 50-day moving average price of $49.01 and a 200 day moving average price of $46.03. Portland General Electric Company has a 12-month low of $39.54 and a 12-month high of $51.65. The stock has a market cap of $5.71 billion, a P/E ratio of 18.45, a PEG ratio of 4.44 and a beta of 0.67.

Portland General Electric 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.