Portland General Electric (NYSE:POR) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $45.20.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Bank of America started coverage on shares of Portland General Electric in a research note on Tuesday, October 24th. They set a “neutral” rating and a $45.00 price target on the stock. Guggenheim reiterated a “hold” rating and set a $48.00 price target on shares of Portland General Electric in a research note on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Portland General Electric from $47.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th.

Portland General Electric (NYSE:POR) traded down $0.07 during trading hours on Tuesday, reaching $42.40. 628,549 shares of the company’s stock were exchanged, compared to its average volume of 600,722. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 0.95. Portland General Electric has a fifty-two week low of $42.25 and a fifty-two week high of $50.11. The company has a market cap of $3,777.50, a P/E ratio of 18.43, a PEG ratio of 4.87 and a beta of 0.30.

Portland General Electric (NYSE:POR) last posted its earnings results on Friday, October 27th. The utilities provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. Portland General Electric had a net margin of 10.21% and a return on equity of 8.65%. The business had revenue of $515.00 million during the quarter, compared to the consensus estimate of $497.85 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. equities analysts predict that Portland General Electric will post 2.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Tuesday, December 26th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Friday, December 22nd. Portland General Electric’s dividend payout ratio is presently 59.13%.

Institutional investors have recently modified their holdings of the company. State Street Corp boosted its stake in shares of Portland General Electric by 4.2% during the 2nd quarter. State Street Corp now owns 1,965,713 shares of the utilities provider’s stock worth $89,810,000 after acquiring an additional 79,541 shares during the last quarter. Jackson Wealth Management LLC boosted its stake in shares of Portland General Electric by 5.7% during the 3rd quarter. Jackson Wealth Management LLC now owns 48,080 shares of the utilities provider’s stock worth $2,240,000 after acquiring an additional 2,577 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Portland General Electric by 3.4% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 320,604 shares of the utilities provider’s stock worth $14,613,000 after acquiring an additional 10,396 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Portland General Electric during the 3rd quarter worth $286,000. Finally, Vident Investment Advisory LLC boosted its stake in shares of Portland General Electric by 13.9% during the 3rd quarter. Vident Investment Advisory LLC now owns 61,803 shares of the utilities provider’s stock worth $2,821,000 after acquiring an additional 7,562 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

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About Portland General Electric

Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.

Analyst Recommendations for Portland General Electric (NYSE:POR)

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