Portland General Electric Company $POR Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in Portland General Electric Company (NYSE:POR) by 140.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,557 shares of the utilities provider’s stock after purchasing an additional 27,773 shares during the period. Advisors Asset Management Inc.’s holdings in Portland General Electric were worth $2,093,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Portland General Electric by 7.4% in the first quarter. Royal Bank of Canada now owns 161,931 shares of the utilities provider’s stock valued at $7,222,000 after buying an additional 11,141 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Portland General Electric by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,949 shares of the utilities provider’s stock worth $2,763,000 after buying an additional 2,717 shares in the last quarter. Millennium Management LLC grew its stake in Portland General Electric by 465.5% in the 1st quarter. Millennium Management LLC now owns 151,134 shares of the utilities provider’s stock valued at $6,741,000 after acquiring an additional 124,410 shares during the last quarter. United Services Automobile Association purchased a new position in Portland General Electric during the 1st quarter valued at about $271,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Portland General Electric by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,640 shares of the utilities provider’s stock valued at $10,420,000 after acquiring an additional 13,799 shares in the last quarter.

Portland General Electric Trading Up 2.9%

Shares of Portland General Electric stock opened at $54.04 on Monday. Portland General Electric Company has a fifty-two week low of $39.54 and a fifty-two week high of $54.28. The business’s fifty day moving average is $49.28 and its two-hundred day moving average is $46.42. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.25. The firm has a market cap of $6.08 billion, a PE ratio of 19.65, a P/E/G ratio of 4.73 and a beta of 0.67.

Analysts Set New Price Targets

Several analysts have issued reports on POR shares. JPMorgan Chase & Co. upped their price target on shares of Portland General Electric from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Portland General Electric in a research report on Monday, December 29th. Wells Fargo & Company increased their target price on Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. Barclays raised their price target on Portland General Electric from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Finally, Loop Capital set a $48.00 price objective on Portland General Electric in a research report on Tuesday, December 30th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average 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.