Analysts Set Portland General Electric Company (NYSE:POR) Price Target at $46.92

Portland General Electric Company (NYSE:POR) has been given a consensus rating of “Hold” by the thirteen ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $46.9167.

POR has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Portland General Electric in a research note on Monday. Zacks Research upgraded shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Mizuho set a $47.00 target price on shares of Portland General Electric in a report on Monday, November 3rd. UBS Group restated a “neutral” rating and set a $51.00 target price on shares of Portland General Electric in a research report on Wednesday, November 19th. Finally, Jefferies Financial Group lifted their price target on shares of Portland General Electric from $43.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd.

Portland General Electric Stock Down 1.9%

POR opened at $49.49 on Wednesday. Portland General Electric has a fifty-two week low of $39.54 and a fifty-two week high of $51.14. 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 cap of $5.57 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 4.18 and a beta of 0.67. The firm’s fifty day moving average is $46.52 and its 200 day moving average is $43.38.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Thursday, October 30th. The utilities provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $952.00 million for the quarter, compared to analysts’ expectations of $975.64 million. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.90 earnings per share. On average, sell-side analysts forecast that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, December 22nd. Portland General Electric’s payout ratio is 76.36%.

Insider Buying and Selling

In other Portland General Electric news, CEO Maria M. Pope sold 18,896 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total transaction of $803,080.00. Following the completion of the transaction, the chief executive officer owned 194,135 shares in the company, valued at $8,250,737.50. This trade represents a 8.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in shares of Portland General Electric by 1.6% in the first quarter. Private Advisor Group LLC now owns 17,986 shares of the utilities provider’s stock valued at $802,000 after purchasing an additional 279 shares in the last quarter. Cetera Investment Advisers lifted its position in Portland General Electric by 0.7% during the first quarter. Cetera Investment Advisers now owns 53,145 shares of the utilities provider’s stock valued at $2,370,000 after purchasing an additional 391 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Portland General Electric by 4.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,506 shares of the utilities provider’s stock worth $1,138,000 after buying an additional 1,163 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Portland General Electric by 27.9% in the 1st quarter. LPL Financial LLC now owns 62,299 shares of the utilities provider’s stock worth $2,779,000 after buying an additional 13,599 shares during the last quarter. Finally, Picton Mahoney Asset Management raised its position in shares of Portland General Electric by 107,754.2% during the 1st quarter. Picton Mahoney Asset Management now owns 25,885 shares of the utilities provider’s stock valued at $1,155,000 after buying an additional 25,861 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.