Teachers Advisors LLC Purchases 3,849 Shares of Portland General Electric Company (NYSE:POR)

Teachers Advisors LLC increased its stake in Portland General Electric Company (NYSE:POR) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,178 shares of the utilities provider’s stock after buying an additional 3,849 shares during the period. Teachers Advisors LLC owned about 0.17% of Portland General Electric worth $6,715,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Portland General Electric by 5.2% in the first quarter. JPMorgan Chase & Co. now owns 4,662,302 shares of the utilities provider’s stock valued at $207,099,000 after buying an additional 230,831 shares in the last quarter. Alliancebernstein L.P. raised its stake in Portland General Electric by 8.4% in the first quarter. Alliancebernstein L.P. now owns 3,182,938 shares of the utilities provider’s stock valued at $141,386,000 after buying an additional 247,232 shares in the last quarter. Boston Partners raised its stake in Portland General Electric by 21.9% in the first quarter. Boston Partners now owns 3,088,036 shares of the utilities provider’s stock valued at $137,171,000 after buying an additional 554,983 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Portland General Electric by 17.5% in the first quarter. Frontier Capital Management Co. LLC now owns 1,854,009 shares of the utilities provider’s stock valued at $82,355,000 after buying an additional 275,853 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Portland General Electric by 3.6% in the first quarter. Ameriprise Financial Inc. now owns 1,594,872 shares of the utilities provider’s stock valued at $70,851,000 after buying an additional 56,060 shares in the last quarter. Institutional investors own 94.76% of the company’s stock.

Portland General Electric Company (NYSE:POR) traded down 0.15% on Friday, hitting $46.02. 178,616 shares of the stock were exchanged. The company’s 50-day moving average is $45.34 and its 200-day moving average is $45.33. Portland General Electric Company has a 52 week low of $40.28 and a 52 week high of $48.06. The company has a market cap of $4.10 billion, a PE ratio of 20.54 and a beta of 0.29.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.08. The business had revenue of $449 million during the quarter, compared to analysts’ expectations of $465.70 million. Portland General Electric had a return on equity of 8.48% and a net margin of 10.06%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. On average, analysts predict that Portland General Electric Company will post $2.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 25th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Friday, September 22nd. Portland General Electric’s dividend payout ratio is currently 60.71%.

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Several research firms recently commented on POR. UBS AG lowered shares of Portland General Electric from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub downgraded shares of Portland General Electric from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Williams Capital downgraded shares of Portland General Electric from a “hold” rating to a “sell” rating and cut their target price for the company from $44.00 to $41.00 in a research note on Monday, July 24th. Finally, Barclays PLC reissued an “underweight” rating and issued a $44.00 target price (up previously from $41.00) on shares of Portland General Electric in a research note on Sunday, April 23rd. Five analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Sell” and a consensus price target of $42.00.

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.