Howland Capital Management Lowers stake in Portland General Electric Company (POR)

Portland General Electric Company (POR) : Howland Capital Management reduced its stake in Portland General Electric Company by 1.63% during the most recent quarter end. The investment management company now holds a total of 224,609 shares of Portland General Electric Company which is valued at $9,363,949 after selling 3,725 shares in Portland General Electric Company , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Portland General Electric Company makes up approximately 0.89% of Howland Capital Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in POR by selling 124 shares or 4.89% in the most recent quarter. The Hedge Fund company now holds 2,410 shares of POR which is valued at $100,473.Legal General Group Plc boosted its stake in POR in the latest quarter, The investment management firm added 24,814 additional shares and now holds a total of 276,520 shares of Portland General Electric Company which is valued at $11,149,286. Portland General Electric Company makes up approx 0.01% of Legal General Group Plc’s portfolio.Vista Capital Partners boosted its stake in POR in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 16,119 shares of Portland General Electric Company which is valued at $649,918. Portland General Electric Company makes up approx 0.06% of Vista Capital Partners’s portfolio. Simplex Trading sold out all of its stake in POR during the most recent quarter. The investment firm sold 195 shares of POR which is valued $7,915.Bnp Paribas Arbitrage Sa boosted its stake in POR in the latest quarter, The investment management firm added 1,183 additional shares and now holds a total of 10,796 shares of Portland General Electric Company which is valued at $440,693.

Portland General Electric Company closed down -0.62 points or -1.51% at $40.32 with 4,08,613 shares getting traded on Tuesday. Post opening the session at $40.83, the shares hit an intraday low of $40.28 and an intraday high of $40.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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 (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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