Portland General Electric Company (NYSE:POR) Receives $45.40 Average Price Target from Analysts

Portland General Electric Company (NYSE:POR) has been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $45.40.

POR has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Portland General Electric in a research report on Wednesday. Zacks Research upgraded Portland General Electric from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Barclays lowered their price target on Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 22nd.

Insider Activity at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $41.35, for a total transaction of $107,634.05. Following the transaction, the chief financial officer directly owned 27,089 shares in the company, valued at $1,120,130.15. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Maria M. Pope sold 18,896 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $42.50, for a total value of $803,080.00. Following the transaction, the chief executive officer owned 194,135 shares in the company, valued at $8,250,737.50. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,436 shares of company stock worth $988,388 over the last three months. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Portland General Electric

Large investors have recently modified their holdings of the stock. Wayfinding Financial LLC bought a new stake in shares of Portland General Electric in the 1st quarter valued at approximately $27,000. IFP Advisors Inc grew its stake 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 period. Private Trust Co. NA grew its stake 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 period. Global X Japan Co. Ltd. grew its stake 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 during the period. Finally, S.A. Mason LLC bought a new stake in shares of Portland General Electric in the 2nd quarter valued at approximately $29,000.

Portland General Electric Price Performance

NYSE POR opened at $43.81 on Tuesday. Portland General Electric has a twelve month low of $39.54 and a twelve month high of $49.85. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.84 and a current ratio of 0.97. The stock has a market capitalization of $4.80 billion, a PE ratio of 16.17, a P/E/G ratio of 4.01 and a beta of 0.62. The stock has a 50-day simple moving average of $42.71 and a 200 day simple moving average of $42.09.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.01. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The business had revenue of $807.00 million during the quarter, compared to analysts’ expectations of $797.97 million. During the same quarter in the previous year, the firm earned $0.69 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Research analysts anticipate that Portland General Electric will post 3.21 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, September 25th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.8%. The ex-dividend date is Thursday, September 25th. Portland General Electric’s payout ratio is currently 77.49%.

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.