Systematic Financial Management LP cut its stake in Portland General Electric Company (NYSE:POR) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,420 shares of the utilities provider’s stock after selling 1,335 shares during the quarter. Systematic Financial Management LP’s holdings in Portland General Electric were worth $1,710,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in shares of Portland General Electric by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 4,705,994 shares of the utilities provider’s stock valued at $215,017,000 after buying an additional 43,692 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Portland General Electric by 6.7% in the second quarter. State of Alaska Department of Revenue now owns 9,806 shares of the utilities provider’s stock valued at $448,000 after buying an additional 614 shares in the last quarter. Legal & General Group Plc increased its position in shares of Portland General Electric by 5.0% in the second quarter. Legal & General Group Plc now owns 317,870 shares of the utilities provider’s stock valued at $14,527,000 after buying an additional 15,254 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Portland General Electric by 3.4% in the first quarter. Vanguard Group Inc. now owns 7,764,045 shares of the utilities provider’s stock valued at $344,879,000 after buying an additional 256,914 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Portland General Electric by 27.4% in the first quarter. Renaissance Technologies LLC now owns 1,155,300 shares of the utilities provider’s stock valued at $51,318,000 after buying an additional 248,300 shares in the last quarter. 93.19% of the stock is owned by institutional investors.

A number of analysts have recently commented on POR shares. Zacks Investment Research upgraded Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. BidaskClub cut Portland General Electric from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Williams Capital cut Portland General Electric from a “hold” rating to a “sell” rating and cut their price objective for the company from $44.00 to $41.00 in a research report on Monday, July 24th. Finally, KeyCorp restated a “hold” rating on shares of Portland General Electric in a research report on Friday, September 1st. Five 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. The stock presently has an average rating of “Hold” and a consensus target price of $42.00.

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Shares of Portland General Electric Company (POR) opened at 46.96 on Friday. The company’s 50 day moving average price is $46.59 and its 200 day moving average price is $45.84. The stock has a market capitalization of $4.18 billion, a PE ratio of 20.96 and a beta of 0.29. Portland General Electric Company has a 12 month low of $40.28 and a 12 month high of $48.22.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.08). Portland General Electric had a net margin of 10.06% and a return on equity of 8.48%. The firm had revenue of $449.00 million during the quarter, compared to analysts’ expectations of $465.70 million. During the same period in the previous year, the business earned $0.42 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts anticipate that Portland General Electric Company will post $2.22 earnings per share for the current fiscal year.

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

Portland General Electric 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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