Portland General Electric Company (POR) : Delaney Dennis R added new position in Portland General Electric Company during the most recent quarter end. The investment management firm now holds 4,700 shares of Portland General Electric Company which is valued at $202,664 , the company said in a statement filed on Aug 8, 2016 with the SEC.Portland General Electric Company makes up approximately 0.42% of Delaney Dennis R’s portfolio.
Other Hedge Funds, Including , Lombardia Capital Partners reduced its stake in POR by selling 391,004 shares or 34.92% in the most recent quarter. The Hedge Fund company now holds 728,565 shares of POR which is valued at $31,459,437. Portland General Electric Company makes up approx 2.31% of Lombardia Capital Partners’s portfolio.Moody Aldrich Partners boosted its stake in POR in the latest quarter, The investment management firm added 12,710 additional shares and now holds a total of 22,700 shares of Portland General Electric Company which is valued at $992,671. Portland General Electric Company makes up approx 0.79% of Moody Aldrich Partners’s portfolio.Trust Co Of Vermont reduced its stake in POR by selling 425 shares or 3.35% in the most recent quarter. The Hedge Fund company now holds 12,274 shares of POR which is valued at $540,301. Portland General Electric Company makes up approx 0.07% of Trust Co Of Vermont’s portfolio.
Portland General Electric Company closed down -0.66 points or -1.53% at $42.49 with 6,10,423 shares getting traded on Monday. Post opening the session at $43.18, the shares hit an intraday low of $42.49 and an intraday high of $43.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Portland General Electric Company reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.43. The company had revenue of $428.00 million for the quarter, compared to analysts expectations of $439.08 million. The company’s revenue was down -4.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.
Investors should note that on Jul 27, 2016, Portland General Electric Company announced a cash dividend of $0.3200. The company’s management has announced Sep 22, 2016 as the ex-dividend date and fixed the record date on Sep 26, 2016. The payable date has been fixed on Oct 17, 2016.
Many Wall Street Analysts have commented on Portland General Electric Company. Company shares were Reiterated by Williams Capital Group on Aug 5, 2016 to “Hold”, Firm has raised the Price Target to $ 45 from a previous price target of $41 .Portland General Electric Company was Downgraded by BofA/Merrill to ” Neutral” on Aug 2, 2016. Portland General Electric Company was Downgraded by Goldman to ” Sell” on Jun 6, 2016.
Portland General Electric Company (PGE) is a vertically integrated electric utility company 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. The Company’s resources consist of six thermal plants which include natural gas- and coal-fired turbines two wind farms and seven hydroelectric plants. The Company has a resource capacity of approximately 1389 megawatts (MW) of natural gas 814 MW of coal 717 MW of wind and 494 MW of hydro. The Company has contractual rights for transmission lines that deliver electricity from its generation facilities to its distribution system in its service territory and to the Western Interconnection. The Company has four natural gas-fired generating facilities: Port Westward Unit 1 Port Westward Unit 2 Beaver and Coyote Springs Unit 1 (Coyote Springs).