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.
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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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