People s United Financial Inc. raised its stake in shares of Portland General Electric Company (NYSE:POR) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,329 shares of the utilities provider’s stock after buying an additional 832 shares during the quarter. People s United Financial Inc.’s holdings in Portland General Electric were worth $929,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in POR. Vanguard Group Inc. increased its position in Portland General Electric by 2.6% during the second quarter. Vanguard Group Inc. now owns 7,964,752 shares of the utilities provider’s stock worth $363,909,000 after buying an additional 200,707 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Portland General Electric by 18.0% in the second quarter. BlackRock Inc. now owns 7,180,796 shares of the utilities provider’s stock worth $328,091,000 after acquiring an additional 1,097,754 shares during the last quarter. JPMorgan Chase & Co. raised its holdings 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 worth $215,017,000 after acquiring an additional 43,692 shares during the last quarter. Boston Partners lifted its position in shares of Portland General Electric by 2.9% in the second 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. Finally, Goldman Sachs Group Inc. lifted its position in shares of Portland General Electric by 23.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,549,989 shares of the utilities provider’s stock valued at $113,270,000 after acquiring an additional 489,314 shares in the last quarter. Hedge funds and other institutional investors own 93.16% of the company’s stock.

A number of research firms recently commented on POR. Zacks Investment Research raised Portland General Electric from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday. BidaskClub downgraded shares of Portland General Electric from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Williams Capital downgraded shares of Portland General Electric from a “hold” rating to a “sell” rating and cut their target price for the company from $44.00 to $41.00 in a research note on Monday, July 24th. Finally, KeyCorp reissued a “hold” rating on shares of Portland General Electric in a research note on Friday, September 1st. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $44.00.

Portland General Electric Company (POR) opened at 46.25 on Wednesday. The firm’s 50 day moving average price is $46.77 and its 200-day moving average price is $45.97. Portland General Electric Company has a 52 week low of $40.28 and a 52 week high of $48.22. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 20.65 and a beta of 0.28.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.08). Portland General Electric had a return on equity of 8.48% and a net margin of 10.06%. The company had revenue of $449.00 million for the quarter, compared to analyst estimates of $465.70 million. During the same quarter in the previous year, the firm posted $0.42 EPS. Portland General Electric’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Portland General Electric Company will post $2.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 25th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, September 22nd. Portland General Electric’s payout ratio is 60.71%.

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About Portland General Electric

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

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