Todays Report: The Frontier Capital Management Co. LLC invests in 40,186 by purchasing Portland General Electric Co. (POR) shares

The Frontier Capital Management Co. LLC invests in 40,186 by purchasing Portland General Electric Co. (POR) shares

Frontier Capital Management Co. LLC raised its stake in shares of Portland General Electric Co. (NYSE:POR) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 1,390,404 shares of the company’s stock after buying an additional 40,186 shares during the period. Frontier Capital Management Co. LLC’s holdings in Portland General Electric were worth $61,345,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of POR. West Coast Financial LLC boosted its stake in shares of Portland General Electric by 0.4% in the second quarter. West Coast Financial LLC now owns 78,657 shares of the company’s stock valued at $3,470,000 after buying an additional 350 shares during the last quarter. Ngam Advisors L.P. boosted its stake in shares of Portland General Electric by 6.1% in the second quarter. Ngam Advisors L.P. now owns 23,344 shares of the company’s stock valued at $1,030,000 after buying an additional 1,343 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Portland General Electric by 34.1% in the second quarter. Nordea Investment Management AB now owns 102,300 shares of the company’s stock valued at $4,513,000 after buying an additional 26,000 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Portland General Electric by 1.2% in the second quarter. Whittier Trust Co. now owns 36,240 shares of the company’s stock valued at $1,599,000 after buying an additional 435 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in shares of Portland General Electric by 47.5% in the second quarter. GW&K Investment Management LLC now owns 299,934 shares of the company’s stock valued at $13,233,000 after buying an additional 96,570 shares during the last quarter. Institutional investors own 94.26% of the company’s stock.

Portland General Electric Co. (NYSE:POR) traded up 2.58% during mid-day trading on Friday, hitting $42.94. 1,197,939 shares of the company were exchanged. The company’s 50-day moving average is $42.15 and its 200 day moving average is $42.10. Portland General Electric Co. has a 12-month low of $34.97 and a 12-month high of $45.21. The company has a market capitalization of $3.82 billion, a P/E ratio of 20.89 and a beta of 0.31.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, October 28th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.04. Portland General Electric had a net margin of 9.79% and a return on equity of 8.15%. The company earned $484 million during the quarter, compared to analyst estimates of $473 million. During the same quarter in the prior year, the business earned $0.40 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Portland General Electric Co. will post $2.13 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, December 27th will be given a $0.32 dividend. The ex-dividend date is Thursday, December 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 2.98%. Portland General Electric’s dividend payout ratio is currently 62.44%.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, October 12th. Williams Capital upped their target price on shares of Portland General Electric from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, August 5th. Finally, Bank of America Corp. cut shares of Portland General Electric from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research report on Tuesday, August 2nd. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $42.08.

About Portland General Electric

Portland General Electric Company (PGE) is an electric utility company. The Company is engaged in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon. The Company also sells electricity and natural gas in the wholesale market to utilities, brokers and power marketers.

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