Entropy Technologies LP Purchases New Holdings in Portland General Electric Company $POR

Entropy Technologies LP purchased a new stake in shares of Portland General Electric Company (NYSE:PORFree Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 41,917 shares of the utilities provider’s stock, valued at approximately $2,212,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Portland General Electric by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 13,020,573 shares of the utilities provider’s stock valued at $624,857,000 after acquiring an additional 513,517 shares during the period. State Street Corp increased its stake in Portland General Electric by 3.4% in the fourth quarter. State Street Corp now owns 4,728,784 shares of the utilities provider’s stock worth $229,333,000 after purchasing an additional 156,164 shares during the period. Clearbridge Investments LLC lifted its position in shares of Portland General Electric by 1,342.7% during the fourth quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock worth $222,824,000 after purchasing an additional 4,321,305 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Portland General Electric by 42.2% during the fourth quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock worth $170,448,000 after purchasing an additional 1,054,450 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Portland General Electric by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,805,796 shares of the utilities provider’s stock valued at $134,680,000 after purchasing an additional 73,185 shares during the period.

Wall Street Analyst Weigh In

POR has been the topic of a number of research analyst reports. BMO Capital Markets cut their price target on shares of Portland General Electric from $55.00 to $54.00 and set a “market perform” rating on the stock in a report on Wednesday. Wells Fargo & Company set a $51.00 price objective on shares of Portland General Electric in a report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on shares of Portland General Electric from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Zacks Research cut shares of Portland General Electric from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Portland General Electric in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $50.90.

View Our Latest Report on Portland General Electric

Insiders Place Their Bets

In other Portland General Electric news, VP Juan Diego Gallegos sold 2,750 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $48.67, for a total transaction of $133,842.50. Following the transaction, the vice president directly owned 12,127 shares in the company, valued at $590,221.09. This represents a 18.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $49.03, for a total transaction of $367,725.00. Following the transaction, the chief financial officer directly owned 31,897 shares in the company, valued at $1,563,909.91. This trade represents a 19.04% decrease in their position. The SEC filing for this sale provides additional information. 0.52% of the stock is owned by company insiders.

Portland General Electric Price Performance

Shares of POR stock opened at $52.03 on Monday. Portland General Electric Company has a twelve month low of $39.85 and a twelve month high of $54.62. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 2.19 and a beta of 0.52. The stock has a fifty day simple moving average of $51.07 and a two-hundred day simple moving average of $51.28. The company has a current ratio of 1.09, a quick ratio of 0.95 and a debt-to-equity ratio of 1.19.

Portland General Electric (NYSE:PORGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.19). The firm had revenue of $879.00 million for the quarter, compared to the consensus estimate of $953.24 million. Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.Portland General Electric’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. On average, analysts predict that Portland General Electric Company will post 3.39 EPS for the current fiscal year.

Portland General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be paid a $0.5513 dividend. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.21 dividend on an annualized basis and a yield of 4.2%. Portland General Electric’s dividend payout ratio is 98.21%.

Portland General Electric News Roundup

Here are the key news stories impacting Portland General Electric this week:

Portland General Electric Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Portland General Electric (NYSE:POR)

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