Portland General Electric Company (POR) Stake Decreased by Stifel Financial Corp

Stifel Financial Corp lowered its position in Portland General Electric Company (NYSE:POR) by 5.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,562 shares of the utilities provider’s stock after selling 2,345 shares during the period. Stifel Financial Corp’s holdings in Portland General Electric Company were worth $1,932,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of Portland General Electric Company by 0.4% in the first quarter. IFP Advisors Inc now owns 2,811 shares of the utilities provider’s stock worth $125,000 after buying an additional 10 shares during the last quarter. Cable Hill Partners LLC boosted its position in shares of Portland General Electric Company by 0.4% in the first quarter. Cable Hill Partners LLC now owns 4,318 shares of the utilities provider’s stock worth $192,000 after buying an additional 17 shares during the last quarter. Becker Capital Management Inc. acquired a new position in shares of Portland General Electric Company during the fourth quarter worth about $233,000. Regentatlantic Capital LLC boosted its position in shares of Portland General Electric Company by 5.9% in the first quarter. Regentatlantic Capital LLC now owns 5,580 shares of the utilities provider’s stock worth $248,000 after buying an additional 310 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Portland General Electric Company during the first quarter worth about $252,000. Institutional investors own 95.14% of the company’s stock.

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

Portland General Electric Company (NYSE:POR) traded up 0.48% during trading on Monday, hitting $47.68. 18,822 shares of the stock were exchanged. Portland General Electric Company has a 12-month low of $40.28 and a 12-month high of $48.06. The stock’s 50-day moving average price is $46.03 and its 200-day moving average price is $44.38. The firm has a market cap of $4.25 billion, a PE ratio of 20.73 and a beta of 0.33.

Portland General Electric Company (NYSE:POR) last announced its earnings results on Friday, April 28th. The utilities provider reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. Portland General Electric Company had a net margin of 10.43% and a return on equity of 8.78%. The company had revenue of $530 million during the quarter, compared to analysts’ expectations of $521.97 million. During the same period last year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities analysts expect that Portland General Electric Company will post $2.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, June 26th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.87%. This is a boost from Portland General Electric Company’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, June 22nd. Portland General Electric Company’s dividend payout ratio (DPR) is presently 55.65%.

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A number of brokerages have issued reports on POR. Zacks Investment Research upgraded shares of Portland General Electric Company from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. Wolfe Research cut shares of Portland General Electric Company from a “market perform” rating to an “underperform” rating in a research report on Tuesday, February 21st. Finally, Barclays PLC restated an “underweight” rating and set a $44.00 target price (up previously from $41.00) on shares of Portland General Electric Company in a research report on Sunday, April 23rd. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.20.

In other Portland General Electric Company news, insider William O. Nicholson sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $45.10, for a total value of $270,600.00. Following the completion of the transaction, the insider now directly owns 16,313 shares in the company, valued at $735,716.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Maria M. Pope sold 10,838 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $44.07, for a total transaction of $477,630.66. Following the completion of the transaction, the insider now owns 11,425 shares of the company’s stock, valued at $503,499.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,838 shares of company stock valued at $883,261. Corporate insiders own 0.55% of the company’s stock.

Portland General Electric Company Company Profile

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

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