Vaughan David Investments Inc. IL decreased its holdings in shares of Portland General Electric Company (NYSE:POR) by 39.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 284,354 shares of the utilities provider’s stock after selling 186,563 shares during the period. Portland General Electric makes up about 1.3% of Vaughan David Investments Inc. IL’s portfolio, making the stock its 27th largest position. Vaughan David Investments Inc. IL owned approximately 0.32% of Portland General Electric worth $25,871,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. ClariVest Asset Management LLC raised its holdings in Portland General Electric by 3.3% during the third quarter. ClariVest Asset Management LLC now owns 40,800 shares of the utilities provider’s stock worth $1,862,000 after buying an additional 1,300 shares during the last quarter. SG Americas Securities LLC raised its holdings in Portland General Electric by 719.9% during the third quarter. SG Americas Securities LLC now owns 51,550 shares of the utilities provider’s stock worth $2,353,000 after buying an additional 45,263 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Portland General Electric by 46.4% during the third quarter. Advisors Asset Management Inc. now owns 16,324 shares of the utilities provider’s stock worth $745,000 after buying an additional 5,170 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Portland General Electric by 134.6% during the third quarter. New York State Common Retirement Fund now owns 250,075 shares of the utilities provider’s stock worth $11,413,000 after buying an additional 143,500 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Portland General Electric by 26.4% during the third quarter. Sei Investments Co. now owns 92,995 shares of the utilities provider’s stock worth $4,244,000 after buying an additional 19,396 shares during the last quarter. Hedge funds and other institutional investors own 91.89% of the company’s stock.

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Portland General Electric Company (NYSE:POR) traded up $0.37 during midday trading on Friday, hitting $49.47. 545,900 shares of the stock traded hands, compared to its average volume of 591,101. Portland General Electric Company has a 12-month low of $40.71 and a 12-month high of $50.11. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 0.95. The company has a market cap of $4,370.00, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 5.73 and a beta of 0.29.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Friday, October 27th. The utilities provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.06. The company had revenue of $515.00 million during the quarter, compared to analyst estimates of $497.85 million. Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. equities analysts forecast that Portland General Electric Company will post 2.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, December 26th will be given a dividend of $0.34 per share. The ex-dividend date is Friday, December 22nd. This represents a $1.36 annualized dividend and a yield of 2.75%. Portland General Electric’s payout ratio is currently 58.87%.

POR has been the topic of several research reports. KeyCorp restated a “hold” rating on shares of Portland General Electric in a report on Friday, September 1st. Williams Capital lowered shares of Portland General Electric from a “hold” rating to a “sell” rating and reduced their target price for the stock from $44.00 to $41.00 in a research note on Monday, July 24th. Zacks Investment Research lowered shares of Portland General Electric from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. BidaskClub upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Bank of America Corporation initiated coverage on shares of Portland General Electric in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $45.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $46.00.

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.

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

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