Dimensional Fund Advisors LP Sells 215,454 Shares of Portland General Electric Company (POR)

Dimensional Fund Advisors LP lessened its holdings in Portland General Electric Company (NYSE:POR) by 14.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,236,583 shares of the utilities provider’s stock after selling 215,454 shares during the period. Dimensional Fund Advisors LP owned approximately 1.39% of Portland General Electric worth $56,499,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Portland General Electric by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 4,705,994 shares of the utilities provider’s stock worth $215,017,000 after purchasing an additional 43,692 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Portland General Electric by 5.0% during the second quarter. Legal & General Group Plc now owns 317,870 shares of the utilities provider’s stock worth $14,527,000 after buying an additional 15,254 shares in the last quarter. Jackson Wealth Management LLC increased its holdings in shares of Portland General Electric by 9.6% during the second quarter. Jackson Wealth Management LLC now owns 45,503 shares of the utilities provider’s stock worth $2,053,000 after buying an additional 3,972 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Portland General Electric by 6.7% during the second quarter. State of Alaska Department of Revenue now owns 9,806 shares of the utilities provider’s stock worth $448,000 after buying an additional 614 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Portland General Electric by 3.4% during the first quarter. Vanguard Group Inc. now owns 7,764,045 shares of the utilities provider’s stock worth $344,879,000 after buying an additional 256,914 shares in the last quarter. 93.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Portland General Electric Company (POR) opened at 44.77 on Tuesday. Portland General Electric Company has a 12-month low of $40.71 and a 12-month high of $48.22. The stock’s 50 day moving average is $46.68 and its 200 day moving average is $46.07. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 19.99 and a beta of 0.28.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.08). The company had revenue of $449.00 million for the quarter, compared to analyst estimates of $465.70 million. Portland General Electric had a return on equity of 8.48% and a net margin of 10.06%. Portland General Electric’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. Equities analysts expect that Portland General Electric Company will post $2.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, September 25th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Friday, September 22nd. Portland General Electric’s dividend payout ratio is 60.71%.

COPYRIGHT VIOLATION NOTICE: “Dimensional Fund Advisors LP Sells 215,454 Shares of Portland General Electric Company (POR)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/17/dimensional-fund-advisors-lp-sells-215454-shares-of-portland-general-electric-company-por.html.

POR has been the subject of several recent analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Portland General Electric in a report on Friday, September 1st. Zacks Investment Research lowered shares of Portland General Electric from a “buy” rating to a “hold” rating in a report on Saturday. BidaskClub raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Portland General Electric by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 4,705,994 shares of the utilities provider’s stock worth $215,017,000 after purchasing an additional 43,692 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Portland General Electric by 5.0% during the second quarter. Legal & General Group Plc now owns 317,870 shares of the utilities provider’s stock worth $14,527,000 after buying an additional 15,254 shares in the last quarter. Jackson Wealth Management LLC increased its holdings in shares of Portland General Electric by 9.6% during the second quarter. Jackson Wealth Management LLC now owns 45,503 shares of the utilities provider’s stock worth $2,053,000 after buying an additional 3,972 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Portland General Electric by 6.7% during the second quarter. State of Alaska Department of Revenue now owns 9,806 shares of the utilities provider’s stock worth $448,000 after buying an additional 614 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Portland General Electric by 3.4% during the first quarter. Vanguard Group Inc. now owns 7,764,045 shares of the utilities provider’s stock worth $344,879,000 after buying an additional 256,914 shares in the last quarter. 93.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Portland General Electric Company (POR) opened at 44.77 on Tuesday. Portland General Electric Company has a 12-month low of $40.71 and a 12-month high of $48.22. The stock’s 50 day moving average is $46.68 and its 200 day moving average is $46.07. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 19.99 and a beta of 0.28.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, July 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.08). The company had revenue of $449.00 million for the quarter, compared to analyst estimates of $465.70 million. Portland General Electric had a return on equity of 8.48% and a net margin of 10.06%. Portland General Electric’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. Equities analysts expect that Portland General Electric Company will post $2.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, September 25th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Friday, September 22nd. Portland General Electric’s dividend payout ratio is 60.71%.

COPYRIGHT VIOLATION NOTICE: “Dimensional Fund Advisors LP Sells 215,454 Shares of Portland General Electric Company (POR)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright & trademark law. The original version of this piece of content can be read at https://ledgergazette.com/2017/10/17/dimensional-fund-advisors-lp-sells-215454-shares-of-portland-general-electric-company-por.html.

POR has been the subject of several recent analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Portland General Electric in a report on Friday, September 1st. Zacks Investment Research lowered shares of Portland General Electric from a “buy” rating to a “hold” rating in a report on Saturday. BidaskClub raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co raised their price objective on shares of Portland General Electric from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Williams Capital lowered shares of Portland General Electric from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $44.00 to $41.00 in a report on Monday, July 24th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $44.60.

Portland General Electric 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.

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

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