Portland General Electric Company (NYSE:POR) has earned a consensus recommendation of “Sell” from the nine research firms that are currently covering the firm. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $41.40.

A number of analysts recently weighed in on POR shares. JPMorgan Chase & Co. raised shares of Portland General Electric Company from an “underweight” rating to a “neutral” rating and set a $44.00 price target for the company in a report on Friday, December 16th. Zacks Investment Research raised shares of Portland General Electric Company from a “sell” rating to a “hold” rating in a report on Saturday, March 11th. Bank of America Corp lowered shares of Portland General Electric Company from a “neutral” rating to an “underperform” rating and set a $39.00 price target for the company. in a report on Tuesday, November 22nd. Barclays PLC raised their price target on shares of Portland General Electric Company from $39.00 to $41.00 and gave the company a “sell” rating in a report on Friday, January 20th. Finally, Wolfe Research lowered shares of Portland General Electric Company from a “market perform” rating to an “underperform” rating in a report on Tuesday, February 21st.

In related news, insider Maria M. Pope sold 10,838 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $44.07, for a total value of $477,630.66. Following the completion of the sale, the insider now owns 11,425 shares of the company’s stock, valued at $503,499.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.47% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BlackRock Fund Advisors raised its stake in shares of Portland General Electric Company by 11.9% in the third quarter. BlackRock Fund Advisors now owns 2,605,353 shares of the company’s stock worth $110,962,000 after buying an additional 277,820 shares in the last quarter. Northern Trust Corp raised its stake in shares of Portland General Electric Company by 2.4% in the third quarter. Northern Trust Corp now owns 1,892,623 shares of the company’s stock worth $80,606,000 after buying an additional 44,079 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Portland General Electric Company by 27.0% in the third quarter. GW&K Investment Management LLC now owns 380,980 shares of the company’s stock worth $16,226,000 after buying an additional 81,046 shares in the last quarter. Bessemer Group Inc. raised its stake in Portland General Electric Company by 2.4% in the fourth quarter. Bessemer Group Inc. now owns 60,400 shares of the company’s stock worth $2,617,000 after buying an additional 1,400 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Portland General Electric Company by 12.3% in the third quarter. JPMorgan Chase & Co. now owns 3,495,138 shares of the company’s stock worth $148,857,000 after buying an additional 383,895 shares in the last quarter. 94.37% of the stock is owned by institutional investors and hedge funds.

Portland General Electric Company (NYSE:POR) traded down 1.11% during mid-day trading on Monday, hitting $44.50. The stock had a trading volume of 237,964 shares. The company has a 50-day moving average price of $44.06 and a 200 day moving average price of $42.95. Portland General Electric Company has a 1-year low of $37.77 and a 1-year high of $46.05. The company has a market cap of $3.96 billion, a P/E ratio of 20.60 and a beta of 0.31.

Portland General Electric Company (NYSE:POR) last posted its quarterly earnings data on Friday, February 17th. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The company earned $524 million during the quarter, compared to analyst estimates of $529.73 million. Portland General Electric Company had a net margin of 9.64% and a return on equity of 7.99%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. Equities research analysts forecast that Portland General Electric Company will post $2.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Monday, March 27th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, March 23rd. Portland General Electric Company’s dividend payout ratio is currently 62.44%.

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About Portland General Electric Company

Portland General Electric Company (PGE) is an electric utility company. The Company is 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.

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