Teacher Retirement System of Texas Raises Stock Position in Portland General Electric (NYSE:POR)

Teacher Retirement System of Texas boosted its position in shares of Portland General Electric (NYSE:POR – Get Rating ) by 114.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). . The firm owned 31,232 shares of the utilities provider’s stock after purchasing an additional 16,654 shares during the period. Teacher Retirement System of Texas’ holdings in Portland General Electric were worth $1,357,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of POR. American Century Companies Inc. raised its stake in Portland General Electric by 17.4% during the first quarter. American Century Companies Inc. now owns 14,034 shares of the utilities provider’s stock valued at $774,000 after purchasing an additional 2,083 shares during the period. Citigroup Inc. raised its stake in Portland General Electric by 58.9% during the first quarter. Citigroup Inc. now owns 46,899 shares of the utilities provider’s stock valued at $2,586,000 after buying an additional 17,386 shares during the period. Bank of Montreal Can bought a new position in Portland General Electric during the first quarter worth about $239,000. Acadian Asset Management LLC bought a new position in Portland General Electric during the first quarter worth about $460,000. Finally, MetLife Investment Management LLC raised its stake in shares of Portland General Electric by 55.0% in the 1st quarter. MetLife Investment Management LLC now owns 47,232 shares of the utilities provider’s stock valued at $2,605,000 after acquiring an additional 16,750 shares during the period. 97.03% of the share is owned by hedge funds and other institutional investors.

Portland General Electric declined 0.6%

Shares of POR stock opened at $46.92 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.67, and a current ratio of 0.76. The stock has a market cap of $4.19 billion, a p/e ratio of 16.94, a price-to-earnings-growth ratio of 3.25 and a beta of 0.57. The company has a 50 day moving average price of $48.39 and a 200 day moving average price of $48.66. Portland General Electric has a fifty-two week low of $41.58 and a fifty-two week high of $57.03.

Wall Street analyst weighs in

A number of equities research analysts recently issued reports on POR shares. Mizuho decreased their price objective on shares of Portland General Electric from $51.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, October 7th. StockNews.com downgraded shares of Portland General Electric from a “buy” rating to a “hold” rating in a research note on Monday, January 23rd. Credit Suisse Group boosted their price target on shares of Portland General Electric from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday, January 23rd. TheStreet downgraded shares of Portland General Electric from a “b” rating to a “c+” rating in a research note on Wednesday, October 26th. Finally, Guggenheim reduced their price objective on shares of Portland General Electric from $56.00 to $48.00 in a research note on Monday, October 24th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Portland General Electric currently has a consensus rating of “Hold” and an average price target of $49.57.

Portland General Electric Profile (Get Rating)

Portland General Electric Co. is engaged in the generation, wholesale purchase, transmission, distribution and retail sales of electricity in the state of Oregon. The firm also sells electricity and natural gas in the wholesale market to utilities, brokers and power marketers. It also serves residential, commercial and non-residential customers.