Chicago Equity Partners LLC Has $2.92 Million Position in Portland General Electric (POR)

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Chicago Equity Partners LLC increased its position in shares of Portland General Electric (NYSE:POR) by 348.5% during the 4th quarter, HoldingsChannel reports. The fund owned 63,645 shares of the utilities provider’s stock after purchasing an additional 49,455 shares during the period. Chicago Equity Partners LLC’s holdings in Portland General Electric were worth $2,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Mercantile Trust Co. raised its stake in Portland General Electric by 4.5% during the fourth quarter. First Mercantile Trust Co. now owns 5,182 shares of the utilities provider’s stock worth $237,000 after buying an additional 222 shares during the last quarter. SG Americas Securities LLC raised its stake in Portland General Electric by 2,616.4% during the fourth quarter. SG Americas Securities LLC now owns 74,837 shares of the utilities provider’s stock worth $3,431,000 after buying an additional 72,082 shares during the last quarter. Rhumbline Advisers raised its stake in Portland General Electric by 37.7% during the fourth quarter. Rhumbline Advisers now owns 137,525 shares of the utilities provider’s stock worth $6,306,000 after buying an additional 37,687 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in Portland General Electric by 34.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 950,288 shares of the utilities provider’s stock worth $43,571,000 after buying an additional 243,527 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Portland General Electric by 1.6% during the fourth quarter. Advisors Asset Management Inc. now owns 17,648 shares of the utilities provider’s stock worth $809,000 after buying an additional 281 shares during the last quarter. Institutional investors and hedge funds own 96.96% of the company’s stock.

POR opened at $48.65 on Thursday. Portland General Electric has a 1-year low of $39.02 and a 1-year high of $50.40. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 6.21 and a beta of 0.27.

Several equities research analysts have weighed in on POR shares. Zacks Investment Research raised shares of Portland General Electric from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research note on Friday, January 25th. ValuEngine raised shares of Portland General Electric from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Barclays lifted their price target on shares of Portland General Electric from $42.00 to $43.00 and gave the company a “sell” rating in a research note on Monday, November 19th. Finally, Bank of America raised shares of Portland General Electric from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Portland General Electric presently has a consensus rating of “Hold” and a consensus price target of $44.06.

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Portland General Electric Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2017, it owned an electric transmission system consisting of 1,250 circuit miles, including 287 circuit miles of 500 kilovolt line, 402 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.

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

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