Opus Investment Management Inc buys $5.5 Million stake in Portland General Electric Company (POR)

Portland General Electric Company (POR) : Opus Investment Management Inc scooped up 10,000 additional shares in Portland General Electric Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 133,600 shares of Portland General Electric Company which is valued at $5.5 Million.Portland General Electric Company makes up approximately 1.06% of Opus Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in POR by selling 15,452 shares or 11.63% in the most recent quarter. The Hedge Fund company now holds 117,378 shares of POR which is valued at $4.9 Million. Portland General Electric Company makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.Amalgamated Bank boosted its stake in POR in the latest quarter, The investment management firm added 922 additional shares and now holds a total of 9,529 shares of Portland General Electric Company which is valued at $394,405. Portland General Electric Company makes up approx 0.04% of Amalgamated Bank’s portfolio. Ausdal Financial Partners sold out all of its stake in POR during the most recent quarter. The investment firm sold 498 shares of POR which is valued $20,508. Prentiss Smith Co Inc sold out all of its stake in POR during the most recent quarter. The investment firm sold 18,672 shares of POR which is valued $768,913.

Portland General Electric Company opened for trading at $40.42 and hit $40.49 on the upside on Friday, eventually ending the session at $40.44, with a gain of 0.25% or 0.1 points. The heightened volatility saw the trading volume jump to 3,83,695 shares. Company has a market cap of $3,595 M.

On the company’s financial health, Portland General Electric Company reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.61. The company had revenue of $487.00 million for the quarter, compared to analysts expectations of $468.55 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Investors should note that on Apr 27, 2016, Portland General Electric Company announced a cash dividend of $0.3200. The company’s management has announced Jun 23, 2016 as the ex-dividend date and fixed the record date on Jun 27, 2016. The payable date has been fixed on Jul 15, 2016.

Many Wall Street Analysts have commented on Portland General Electric Company. Portland General Electric Company was Downgraded by Wellington Shields to ” Hold” on Mar 4, 2016. Portland General Electric Company was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Feb 16, 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).

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