Portland General Electric (POR) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its stake in Portland General Electric (NYSE:POR) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 774,853 shares of the utilities provider’s stock after purchasing an additional 26,167 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.87% of Portland General Electric worth $35,318,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in POR. New York State Common Retirement Fund raised its position in shares of Portland General Electric by 1.2% in the 2nd quarter. New York State Common Retirement Fund now owns 106,575 shares of the utilities provider’s stock valued at $4,869,000 after purchasing an additional 1,299 shares during the last quarter. OxFORD Asset Management LLP grew its stake in Portland General Electric by 66.7% in the 2nd quarter. OxFORD Asset Management LLP now owns 11,754 shares of the utilities provider’s stock valued at $537,000 after acquiring an additional 4,704 shares during the period. Stifel Financial Corp grew its stake in Portland General Electric by 28.9% in the 2nd quarter. Stifel Financial Corp now owns 56,150 shares of the utilities provider’s stock valued at $2,570,000 after acquiring an additional 12,588 shares during the period. Balyasny Asset Management LLC acquired a new stake in Portland General Electric in the 2nd quarter valued at $565,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Portland General Electric in the 2nd quarter valued at $279,000. 92.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Portland General Electric (NYSE POR) opened at $40.47 on Friday. Portland General Electric has a one year low of $39.40 and a one year high of $50.11. The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. The stock has a market cap of $3,670.00, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 4.88 and a beta of 0.19.

A number of equities research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Portland General Electric in a research note on Friday, February 2nd. They issued a “sell” rating and a $40.00 price target on the stock. Guggenheim reaffirmed a “hold” rating and set a $48.00 target price on shares of Portland General Electric in a research note on Wednesday, January 3rd. Zacks Investment Research cut shares of Portland General Electric from a “buy” rating to a “hold” rating in a research note on Saturday, October 14th. JPMorgan Chase & Co. lowered their target price on shares of Portland General Electric from $48.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Finally, Bank of America assumed coverage on shares of Portland General Electric in a research note on Tuesday, October 24th. They set a “neutral” rating and a $45.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $44.57.

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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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