Robeco Institutional Asset Management B.V. Lowers Stake in Portland General Electric Company (POR)

Robeco Institutional Asset Management B.V. cut its position in shares of Portland General Electric Company (NYSE:POR) by 24.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,284 shares of the utilities provider’s stock after selling 17,467 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.06% of Portland General Electric worth $2,478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in POR. Teachers Advisors LLC increased its position in shares of Portland General Electric by 2.6% during the first quarter. Teachers Advisors LLC now owns 151,178 shares of the utilities provider’s stock valued at $6,715,000 after purchasing an additional 3,849 shares during the period. Geode Capital Management LLC increased its position in shares of Portland General Electric by 3.6% during the first quarter. Geode Capital Management LLC now owns 694,480 shares of the utilities provider’s stock valued at $30,848,000 after purchasing an additional 23,820 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Portland General Electric by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,452,037 shares of the utilities provider’s stock valued at $64,500,000 after purchasing an additional 7,949 shares during the period. BlackRock Inc. increased its position in shares of Portland General Electric by 9,433.7% during the first quarter. BlackRock Inc. now owns 6,083,042 shares of the utilities provider’s stock valued at $270,207,000 after purchasing an additional 6,019,236 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Portland General Electric during the first quarter valued at approximately $620,000. Institutional investors and hedge funds own 93.45% of the company’s stock.

Shares of Portland General Electric Company (POR) opened at 47.74 on Wednesday. The firm has a 50-day moving average price of $46.23 and a 200-day moving average price of $46.15. Portland General Electric Company has a 12 month low of $40.71 and a 12 month high of $48.22. The company has a market capitalization of $4.25 billion, a PE ratio of 21.31 and a beta of 0.28.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Friday, October 27th. The utilities provider reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.06. Portland General Electric had a return on equity of 8.68% and a net margin of 10.21%. The firm had revenue of $515.00 million for the quarter, compared to analyst estimates of $497.85 million. During the same quarter last year, the company earned $0.38 EPS. The company’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Portland General Electric Company will post $2.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, December 26th will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, December 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 2.85%. Portland General Electric’s dividend payout ratio (DPR) is presently 59.13%.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Portland General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Williams Capital cut Portland General Electric from a “hold” rating to a “sell” rating and lowered their price objective for the company from $44.00 to $41.00 in a research report on Monday, July 24th. BidaskClub upgraded Portland General Electric from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. J P Morgan Chase & Co boosted their price objective on Portland General Electric from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Bank of America Corporation assumed coverage on Portland General Electric in a research report on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.00.

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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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