Jones Financial Companies Lllp Grows Stock Holdings in Portland General Electric Company $POR

Jones Financial Companies Lllp grew its holdings in Portland General Electric Company (NYSE:POR) by 251.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,364 shares of the utilities provider’s stock after acquiring an additional 13,856 shares during the period. Jones Financial Companies Lllp’s holdings in Portland General Electric were worth $841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in POR. IFP Advisors Inc increased its holdings in Portland General Electric by 1,291.7% in the 2nd quarter. IFP Advisors Inc now owns 668 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 620 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Portland General Electric during the third quarter worth about $27,000. Bell Investment Advisors Inc boosted its position in shares of Portland General Electric by 80.6% in the second quarter. Bell Investment Advisors Inc now owns 829 shares of the utilities provider’s stock worth $34,000 after buying an additional 370 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Portland General Electric in the second quarter valued at about $51,000. Finally, Allworth Financial LP grew its stake in shares of Portland General Electric by 136.9% in the second quarter. Allworth Financial LP now owns 1,343 shares of the utilities provider’s stock valued at $55,000 after buying an additional 776 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Portland General Electric from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Barclays upped their target price on shares of Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. BMO Capital Markets reaffirmed a “market perform” rating on shares of Portland General Electric in a research note on Tuesday, December 30th. LADENBURG THALM/SH SH reissued a “sell” rating and issued a $43.00 price objective on shares of Portland General Electric in a research report on Thursday, December 4th. Finally, Jefferies Financial Group raised their target price on Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.42.

Portland General Electric Price Performance

POR opened at $52.48 on Friday. The company has a market capitalization of $5.90 billion, a P/E ratio of 19.08, a PEG ratio of 4.53 and a beta of 0.67. The company has a 50-day moving average of $49.17 and a 200-day moving average of $46.26. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.95 and a current ratio of 1.08. Portland General Electric Company has a 1-year low of $39.54 and a 1-year high of $52.67.

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.