Sciencast Management LP trimmed its holdings in Portland General Electric Company (NYSE:POR) by 62.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,200 shares of the utilities provider’s stock after selling 8,599 shares during the period. Sciencast Management LP’s holdings in Portland General Electric were worth $238,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Huntington National Bank grew its position in Portland General Electric by 1.2% in the second quarter. Huntington National Bank now owns 2,809 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 34 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in Portland General Electric in the second quarter worth approximately $141,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Portland General Electric by 52.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,906 shares of the utilities provider’s stock worth $178,000 after acquiring an additional 1,352 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Portland General Electric in the second quarter worth approximately $202,000. Finally, BlueMountain Capital Management LLC grew its position in Portland General Electric by 0.3% in the second quarter. BlueMountain Capital Management LLC now owns 5,489 shares of the utilities provider’s stock worth $251,000 after acquiring an additional 17 shares in the last quarter. 93.16% of the stock is owned by institutional investors.

Shares of Portland General Electric Company (POR) opened at 46.815 on Wednesday. The company’s 50 day moving average is $46.75 and its 200 day moving average is $46.03. Portland General Electric Company has a 12-month low of $40.39 and a 12-month high of $48.22. The company has a market capitalization of $4.17 billion, a P/E ratio of 20.900 and a beta of 0.28.

Portland General Electric (NYSE:POR) last released its earnings results 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 the consensus estimate of $465.70 million. During the same period in the prior year, the business posted $0.42 earnings per share. Portland General Electric’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts expect that Portland General Electric Company will post $2.22 earnings per share for the current fiscal year.

The company also recently announced 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. The ex-dividend date is Friday, September 22nd. This represents a $1.36 annualized dividend and a dividend yield of 2.92%. Portland General Electric’s dividend payout ratio is presently 60.71%.

POR has been the subject of several recent research reports. BidaskClub raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised shares of Portland General Electric from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Portland General Electric in a research report on Friday, September 1st. Finally, Williams Capital downgraded shares of Portland General Electric from a “hold” rating to a “sell” rating and decreased their target price for the stock from $44.00 to $41.00 in a research report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $44.00.

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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.

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

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