Portland General Electric Company (NYSE:POR) Receives Consensus Recommendation of “Hold” from Analysts

Portland General Electric Company (NYSE:POR) has been assigned an average rating of “Hold” from the ten brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $45.40.

Several research firms have commented on POR. BMO Capital Markets began coverage on Portland General Electric in a research report on Tuesday, May 13th. They issued a “market perform” rating and a $46.00 price objective on the stock. Barclays reduced their price target on Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, July 22nd. Wells Fargo & Company dropped their price objective on Portland General Electric from $46.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. cut their price objective on Portland General Electric from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, May 19th. Finally, Wall Street Zen raised Portland General Electric from a “sell” rating to a “hold” rating in a research note on Friday, April 25th.

Portland General Electric Price Performance

Shares of NYSE:POR opened at $40.95 on Thursday. Portland General Electric has a twelve month low of $39.54 and a twelve month high of $49.85. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. The company has a market cap of $4.48 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 3.85 and a beta of 0.56. The company’s 50 day moving average is $41.07 and its 200 day moving average is $42.15.

Portland General Electric (NYSE:POR) last released its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The firm had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, September 25th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 annualized dividend and a dividend yield of 5.13%. Portland General Electric’s dividend payout ratio (DPR) is 77.49%.

Insider Buying and Selling at Portland General Electric

In related news, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction on Monday, July 21st. The stock was sold at an average price of $40.10, for a total value of $77,673.70. Following the completion of the transaction, the director directly owned 13,509 shares in the company, valued at approximately $541,710.90. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Portland General Electric

Large investors have recently bought and sold shares of the stock. True Wealth Design LLC acquired a new position in shares of Portland General Electric during the fourth quarter worth about $27,000. Wayfinding Financial LLC purchased a new position in Portland General Electric in the first quarter worth approximately $27,000. IFP Advisors Inc increased its position in shares of Portland General Electric by 1,291.7% in the 2nd quarter. IFP Advisors Inc now owns 668 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 620 shares during the last quarter. Private Trust Co. NA increased its position in shares of Portland General Electric by 62.6% in the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 244 shares during the last quarter. Finally, Global X Japan Co. Ltd. raised its holdings in shares of Portland General Electric by 113.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 345 shares in the last quarter.

Portland General Electric Company Profile

Portland General Electric Company, an integrated electric utility company, engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. It operates six thermal plants, three wind farms, and seven hydroelectric facilities. As of December 31, 2023, the company owned an electric transmission system consisting of 1,254 circuit miles, including 287 circuit miles of 500 kilovolt line, 413 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line; and served 934 thousand retail customers in 51 cities.