John G Ullman & Associates Inc. Raises Stock Holdings in Portland General Electric Company $POR

John G Ullman & Associates Inc. raised its position in shares of Portland General Electric Company (NYSE:POR) by 18.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,834 shares of the utilities provider’s stock after buying an additional 33,898 shares during the quarter. Portland General Electric comprises approximately 1.3% of John G Ullman & Associates Inc.’s portfolio, making the stock its 20th biggest position. John G Ullman & Associates Inc.’s holdings in Portland General Electric were worth $9,673,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. ATLAS Infrastructure Partners UK Ltd. increased its stake in shares of Portland General Electric by 24.1% in the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 5,459,258 shares of the utilities provider’s stock worth $221,810,000 after acquiring an additional 1,058,623 shares in the last quarter. State Street Corp grew its holdings in Portland General Electric by 2.4% in the second quarter. State Street Corp now owns 4,551,369 shares of the utilities provider’s stock worth $187,200,000 after purchasing an additional 107,717 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Portland General Electric by 23.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,985,941 shares of the utilities provider’s stock valued at $131,381,000 after purchasing an additional 564,379 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Portland General Electric by 4.2% during the second quarter. Geode Capital Management LLC now owns 2,764,380 shares of the utilities provider’s stock valued at $112,337,000 after purchasing an additional 110,567 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Portland General Electric by 7.3% during the second quarter. Invesco Ltd. now owns 2,449,960 shares of the utilities provider’s stock valued at $99,542,000 after purchasing an additional 167,447 shares during the last quarter.

Portland General Electric Stock Up 0.5%

Portland General Electric stock opened at $50.93 on Friday. Portland General Electric Company has a 12 month low of $39.54 and a 12 month high of $51.65. The stock has a fifty day simple moving average of $49.01 and a two-hundred day simple moving average of $45.88. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.25. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 4.44 and a beta of 0.67.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Loop Capital set a $48.00 target price on Portland General Electric in a research note on Tuesday, December 30th. BMO Capital Markets restated a “market perform” rating on shares of Portland General Electric in a report on Tuesday, December 30th. JPMorgan Chase & Co. lifted their price target on Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Portland General Electric in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Portland General Electric has a consensus rating of “Hold” and an average price target of $48.42.

About Portland General Electric

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.