Portland General Electric (NYSE:POR) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG lifted its position in Portland General Electric (NYSE:POR) by 48.1% during the third quarter, HoldingsChannel.com reports. The fund owned 104,197 shares of the utilities provider’s stock after acquiring an additional 33,852 shares during the period. Deutsche Bank AG’s holdings in Portland General Electric were worth $4,896,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of POR. Price T Rowe Associates Inc. MD boosted its stake in Portland General Electric by 247.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 911,622 shares of the utilities provider’s stock worth $42,008,000 after buying an additional 649,339 shares during the last quarter. FMR LLC boosted its stake in Portland General Electric by 15.1% during the second quarter. FMR LLC now owns 4,138,204 shares of the utilities provider’s stock worth $190,689,000 after buying an additional 541,881 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in Portland General Electric by 65.4% during the second quarter. HITE Hedge Asset Management LLC now owns 644,804 shares of the utilities provider’s stock worth $29,713,000 after buying an additional 255,000 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Portland General Electric by 24.5% during the second quarter. Principal Financial Group Inc. now owns 1,062,283 shares of the utilities provider’s stock worth $48,951,000 after buying an additional 208,895 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Portland General Electric by 2.3% during the second quarter. Vanguard Group Inc. now owns 9,008,326 shares of the utilities provider’s stock worth $415,103,000 after buying an additional 199,142 shares during the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

POR stock opened at $53.20 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $4.76 billion, a PE ratio of 20.78, a P/E/G ratio of 2.15 and a beta of 0.44. Portland General Electric has a 12-month low of $41.01 and a 12-month high of $53.84. The business’s fifty day moving average price is $51.17 and its 200 day moving average price is $49.75.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Thursday, October 28th. The utilities provider reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.07). The firm had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $550.87 million. Portland General Electric had a net margin of 9.81% and a return on equity of 8.66%. Portland General Electric’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. Research analysts predict that Portland General Electric will post 2.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Monday, December 27th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Thursday, December 23rd. This represents a $1.72 annualized dividend and a dividend yield of 3.23%. Portland General Electric’s dividend payout ratio is presently 67.19%.

A number of research firms have weighed in on POR. TheStreet raised Portland General Electric from a “c+” rating to a “b” rating in a research note on Friday, October 29th. Zacks Investment Research raised Portland General Electric from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Portland General Electric Profile

Portland General Electric Co is a vertically integrated electric utility company, which engages in the generation, purchase, transmission, distribution, and retail of electricity. The firm sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers. It also serves residential, commercial and non-residential customers.

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Institutional Ownership by Quarter for Portland General Electric (NYSE:POR)

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