Brown Advisory Inc. Decreases Position in Portland General Electric Company $POR

Brown Advisory Inc. trimmed its position in shares of Portland General Electric Company (NYSE:POR) by 26.9% during the fourth quarter, Holdings Channel reports. The firm owned 731,425 shares of the utilities provider’s stock after selling 268,711 shares during the quarter. Brown Advisory Inc.’s holdings in Portland General Electric were worth $35,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in POR. V Square Quantitative Management LLC acquired a new position in Portland General Electric in the fourth quarter valued at $25,000. Private Trust Co. NA increased its stake in Portland General Electric by 76.4% during the fourth quarter. Private Trust Co. NA now owns 552 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 239 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Portland General Electric in the third quarter valued at about $27,000. Rothschild Investment LLC boosted its holdings in Portland General Electric by 112.9% in the fourth quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 324 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Portland General Electric by 272.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 719 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 526 shares in the last quarter.

Portland General Electric Stock Down 0.7%

Shares of NYSE:POR opened at $50.36 on Tuesday. The company’s fifty day moving average is $50.57 and its 200-day moving average is $50.60. Portland General Electric Company has a 52 week low of $39.54 and a 52 week high of $54.62. The company has a market capitalization of $5.83 billion, a PE ratio of 22.48, a P/E/G ratio of 2.13 and a beta of 0.52. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.09.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The business had revenue of $879.00 million for the quarter, compared to analyst estimates of $953.24 million. Portland General Electric had a net margin of 7.12% and a return on equity of 7.57%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 earnings per share. Equities research analysts predict that Portland General Electric Company will post 3.39 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be given a $0.5513 dividend. The ex-dividend date is Thursday, June 25th. This represents a $2.21 annualized dividend and a dividend yield of 4.4%. This is an increase from Portland General Electric’s previous quarterly dividend of $0.53. Portland General Electric’s dividend payout ratio is 93.75%.

Wall Street Analyst Weigh In

POR has been the topic of several recent research reports. Barclays raised their price target on Portland General Electric from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 17th. UBS Group lifted their target price on Portland General Electric from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Portland General Electric in a research report on Friday, May 15th. Wells Fargo & Company set a $51.00 price objective on Portland General Electric in a report on Tuesday, April 21st. Finally, BMO Capital Markets reissued a “market perform” rating and set a $55.00 price objective on shares of Portland General Electric in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Portland General Electric presently has an average rating of “Hold” and a consensus price target of $51.00.

Insider Transactions at Portland General Electric

In related news, VP Juan Diego Gallegos sold 2,750 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $48.67, for a total value of $133,842.50. Following the completion of the transaction, the vice president directly owned 12,127 shares in the company, valued at approximately $590,221.09. The trade was a 18.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total value of $367,725.00. Following the completion of the transaction, the chief financial officer owned 31,897 shares of the company’s stock, valued at $1,563,909.91. This represents a 19.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.52% of the stock is owned by corporate insiders.

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.