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Should Investors Buy the Dip in Portland General Electric (POR) Stock?

Brown Advisory recently released its Q2 2020 Investor Letter. The Small-Cap Fundamental Value Fund posted a return of 20.59% for the quarter, outperforming its benchmark, the Russell 2000 Value Index which returned 18.91% in the same quarter. You should check out Brown Advisory’s top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.

In the said letter, Brown Advisory highlighted a few stocks and Portland General Electric Co (NYSE:POR) is one of them. Portland General Electric Co (NYSE:POR) is a public utility company. Year-to-date, Portland General Electric Co (NYSE:POR) stock lost 20.9% and on July 23rd it had a closing price of $44.10. Here is what Brown Advisory said:

"Portland General Electric is a single state regulated utility in Oregon. We took advantage of a year-to-date decline in its share price to make our investment, which we believe has an attractive risk and reward profile and an opportunity for growth in its robust dividend."

In Q1 2020, the number of bullish hedge fund positions on Portland General Electric Co (NYSE:POR) stock decreased by about 15% from the previous quarter (see the chart here), so a number of other hedge fund managers don't seem to agree with Portland General Electric's growth potential. Our calculations showed that Portland General Electric Co (NYSE:POR) isn't ranked among the 30 most popular stocks among hedge funds.

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