Portland General Electric Co. (POR) Shares Sold by Howland Capital Management LLC
Howland Capital Management LLC cut its position in Portland General Electric Co. (NYSE:POR) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,609 shares of the company’s stock after selling 3,725 shares during the period. Howland Capital Management LLC owned 0.25% of Portland General Electric worth $9,566,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the company. Creative Planning acquired a new stake in Portland General Electric during the second quarter worth approximately $105,000. Advisor Group Inc. acquired a new stake in Portland General Electric during the second quarter worth approximately $140,000. IFP Advisors Inc raised its stake in Portland General Electric by 202.0% in the second quarter. IFP Advisors Inc now owns 4,291 shares of the company’s stock worth $189,000 after buying an additional 2,870 shares during the last quarter. Barclays PLC raised its stake in Portland General Electric by 3,519.0% in the second quarter. Barclays PLC now owns 4,379 shares of the company’s stock worth $194,000 after buying an additional 4,258 shares during the last quarter. Finally, Delaney Dennis R acquired a new stake in Portland General Electric during the second quarter worth approximately $207,000. 94.18% of the stock is owned by institutional investors and hedge funds.
Portland General Electric Co. (NYSE:POR) traded up 1.95% during trading on Monday, reaching $43.35. The company had a trading volume of 381,005 shares. The stock has a 50 day moving average price of $41.94 and a 200 day moving average price of $42.49. Portland General Electric Co. has a 52 week low of $35.04 and a 52 week high of $45.21. The firm has a market capitalization of $3.85 billion, a P/E ratio of 21.08 and a beta of 0.31.
Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Friday, October 28th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $484 million for the quarter, compared to analyst estimates of $473 million. Portland General Electric had a return on equity of 7.99% and a net margin of 9.64%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Analysts predict that Portland General Electric Co. will post $2.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, December 27th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Thursday, December 22nd. Portland General Electric’s payout ratio is presently 62.44%.
A number of equities analysts have recently issued reports on POR shares. Zacks Investment Research downgraded Portland General Electric from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Bank of America Corp. downgraded Portland General Electric from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research note on Tuesday, August 2nd. Williams Capital raised their price target on Portland General Electric from $41.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, August 5th. Finally, Guggenheim started coverage on Portland General Electric in a research note on Thursday, November 3rd. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.08.
About Portland General Electric
Portland General Electric Company (PGE) is an electric utility company. The Company is engaged in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon. The Company also sells electricity and natural gas in the wholesale market to utilities, brokers and power marketers.
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