Alps Advisors Inc. Acquires 19,480 Shares of Portland General Electric Company $POR

Alps Advisors Inc. boosted its holdings in Portland General Electric Company (NYSE:POR) by 67.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 48,166 shares of the utilities provider’s stock after purchasing an additional 19,480 shares during the quarter. Alps Advisors Inc.’s holdings in Portland General Electric were worth $2,119,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ATLAS Infrastructure Partners UK Ltd. lifted its holdings 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 buying an additional 1,058,623 shares in the last quarter. State Street Corp grew its stake in Portland General Electric by 2.4% during the second quarter. State Street Corp now owns 4,551,369 shares of the utilities provider’s stock valued at $187,200,000 after acquiring an additional 107,717 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Portland General Electric by 23.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,985,941 shares of the utilities provider’s stock valued at $131,381,000 after acquiring an additional 564,379 shares during the last quarter. Geode Capital Management LLC lifted its stake in Portland General Electric by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,764,380 shares of the utilities provider’s stock worth $112,337,000 after purchasing an additional 110,567 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Portland General Electric by 7.3% in the 2nd quarter. Invesco Ltd. now owns 2,449,960 shares of the utilities provider’s stock worth $99,542,000 after purchasing an additional 167,447 shares in the last quarter.

Portland General Electric Stock Performance

NYSE:POR opened at $51.27 on Wednesday. The firm has a market capitalization of $5.77 billion, a PE ratio of 18.64, a PEG ratio of 4.43 and a beta of 0.67. The stock’s fifty day moving average is $49.05 and its 200 day moving average is $46.17. Portland General Electric Company has a fifty-two week low of $39.54 and a fifty-two week high of $51.65. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.95 and a current ratio of 1.08.

Analyst Ratings Changes

A number of research analysts have recently weighed in on POR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Portland General Electric in a research report on Monday, December 29th. Jefferies Financial Group increased their price target on Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. BTIG Research reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Portland General Electric in a research note on Friday, January 30th. JPMorgan Chase & Co. increased their target price on Portland General Electric from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Loop Capital set a $48.00 target price on shares of Portland General Electric in a report on Tuesday, December 30th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and an average target price of $48.42.

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.