Trust Co. of Vermont raised its position in shares of Portland General Electric (NYSE:POR) by 30.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,368 shares of the utilities provider’s stock after purchasing an additional 2,869 shares during the period. Trust Co. of Vermont’s holdings in Portland General Electric were worth $641,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Washington Trust Bank purchased a new position in shares of Portland General Electric in the first quarter worth approximately $30,000. CWM LLC grew its position in Portland General Electric by 5,680.0% during the fourth quarter. CWM LLC now owns 1,156 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,136 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Portland General Electric during the first quarter valued at approximately $73,000. NumerixS Investment Technologies Inc grew its position in Portland General Electric by 50.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 2,100 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 700 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in Portland General Electric by 2,481.3% during the first quarter. Quadrant Capital Group LLC now owns 2,762 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 2,655 shares in the last quarter. 94.42% of the stock is owned by hedge funds and other institutional investors.
NYSE:POR traded down $0.57 during trading hours on Wednesday, hitting $52.26. 319,600 shares of the company traded hands, compared to its average volume of 374,152. Portland General Electric has a twelve month low of $39.60 and a twelve month high of $53.88. The stock has a market cap of $4.79 billion, a P/E ratio of 22.05, a PEG ratio of 4.48 and a beta of 0.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.82 and a quick ratio of 0.70.
Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, April 26th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. Portland General Electric had a net margin of 10.67% and a return on equity of 8.84%. The company had revenue of $573.00 million during the quarter, compared to analysts’ expectations of $520.05 million. During the same quarter in the prior year, the company posted $0.72 EPS. The business’s revenue was up 16.2% on a year-over-year basis. As a group, equities research analysts anticipate that Portland General Electric will post 2.45 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 25th will be issued a $0.385 dividend. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, June 24th. This represents a $1.54 annualized dividend and a dividend yield of 2.95%. Portland General Electric’s dividend payout ratio is presently 61.18%.
A number of brokerages recently commented on POR. Zacks Investment Research downgraded shares of Portland General Electric from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Mizuho downgraded shares of Portland General Electric from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $50.00 to $52.00 in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Portland General Electric presently has an average rating of “Hold” and a consensus price target of $47.67.
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Portland General Electric Company Profile
Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2018, it owned an electric transmission system consisting of 1,256 circuit miles, including 287 circuit miles of 500 kilovolt line, 410 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.
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