Hotchkis & Wiley Capital Management LLC lessened its holdings in shares of Portland General Electric Company (NYSE:POR) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,146,840 shares of the utilities provider’s stock after selling 4,130 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 1.29% of Portland General Electric worth $52,399,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Portland General Electric by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 7,764,045 shares of the utilities provider’s stock valued at $344,879,000 after acquiring an additional 256,914 shares in the last quarter. BlackRock Inc. grew its stake in Portland General Electric by 18.0% during the 2nd quarter. BlackRock Inc. now owns 7,180,796 shares of the utilities provider’s stock valued at $328,091,000 after acquiring an additional 1,097,754 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Portland General Electric by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,705,994 shares of the utilities provider’s stock valued at $215,017,000 after acquiring an additional 43,692 shares in the last quarter. Alliancebernstein L.P. grew its stake in Portland General Electric by 8.4% during the 1st quarter. Alliancebernstein L.P. now owns 3,182,938 shares of the utilities provider’s stock valued at $141,386,000 after acquiring an additional 247,232 shares in the last quarter. Finally, Boston Partners grew its stake in Portland General Electric by 2.9% during the 2nd quarter. Boston Partners now owns 3,178,857 shares of the utilities provider’s stock valued at $145,241,000 after acquiring an additional 90,821 shares in the last quarter. 93.19% of the stock is currently owned by institutional investors.

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Portland General Electric Company (NYSE POR) traded down 0.28% during trading on Friday, reaching $46.96. The company’s stock had a trading volume of 854,366 shares. The firm has a market cap of $4.18 billion, a P/E ratio of 20.96 and a beta of 0.29. The stock’s 50 day moving average is $46.59 and its 200-day moving average is $45.84. Portland General Electric Company has a 52 week low of $40.28 and a 52 week high of $48.22.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.08). The business had revenue of $449.00 million for the quarter, compared to analyst estimates of $465.70 million. Portland General Electric had a return on equity of 8.48% and a net margin of 10.06%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 EPS. On average, equities research analysts forecast that Portland General Electric Company will post $2.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 25th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Friday, September 22nd. Portland General Electric’s dividend payout ratio is currently 60.71%.

Several equities analysts have weighed in on the company. KeyCorp reaffirmed a “hold” rating on shares of Portland General Electric in a research note on Friday, September 1st. BidaskClub raised Portland General Electric from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research cut Portland General Electric from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Finally, Williams Capital cut Portland General Electric from a “hold” rating to a “sell” rating and lowered their target price for the company from $44.00 to $41.00 in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $42.00.

Portland General Electric 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.

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

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