Odyssean LLC Takes $764,000 Position in Portland General Electric Company $POR

Odyssean LLC bought a new stake in Portland General Electric Company (NYSE:POR) during the 2nd quarter, Holdings Channel.com reports. The firm bought 14,735 shares of the utilities provider’s stock, valued at approximately $764,000.

Other large investors also recently modified their holdings of the company. Bank & Trust Co boosted its position in Portland General Electric by 2.0% during the second quarter. Bank & Trust Co now owns 10,115 shares of the utilities provider’s stock valued at $524,000 after purchasing an additional 198 shares during the last quarter. Natixis Advisors LLC increased its holdings in Portland General Electric by 0.6% during the fourth quarter. Natixis Advisors LLC now owns 35,548 shares of the utilities provider’s stock worth $1,706,000 after buying an additional 207 shares during the last quarter. Sigma Planning Corp raised its position in Portland General Electric by 3.9% during the fourth quarter. Sigma Planning Corp now owns 5,663 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 210 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in Portland General Electric by 2.0% during the first quarter. First Citizens Bank & Trust Co. now owns 10,997 shares of the utilities provider’s stock worth $580,000 after acquiring an additional 218 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Portland General Electric by 18.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,469 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 226 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently weighed in on POR shares. BMO Capital Markets set a $52.00 price objective on shares of Portland General Electric in a research note on Tuesday, August 4th. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, LADENBURG THALM/SH SH raised Portland General Electric from a “neutral” rating to a “buy” rating and set a $48.50 price target on the stock in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Portland General Electric currently has a consensus rating of “Hold” and a consensus target price of $51.25.

Portland General Electric Price Performance

NYSE:POR opened at $50.17 on Thursday. Portland General Electric Company has a one year low of $41.80 and a one year high of $54.62. The company has a market cap of $5.90 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.14 and a beta of 0.52. The firm’s fifty day moving average price is $51.05 and its two-hundred day moving average price is $51.31. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.98 and a quick ratio of 0.86.

Portland General Electric (NYSE:POR) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $839.75 million. Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. Equities analysts expect that Portland General Electric Company will post 3.4 earnings per share for the current year.

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, September 25th will be given a dividend of $0.5513 per share. The ex-dividend date is Friday, September 25th. This represents a $2.21 annualized dividend and a yield of 4.4%. Portland General Electric’s dividend payout ratio (DPR) is 96.92%.

Insider Activity

In other news, Director Michael A. Lewis sold 1,537 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $51.83, for a total transaction of $79,662.71. Following the completion of the sale, the director owned 15,045 shares in the company, valued at $779,782.35. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.

Portland General Electric Profile

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.