Portland General Electric Company (NYSE:POR) Stock Has Consensus Price Target of $51.56 According to Analysts

Portland General Electric Company (NYSE:POR) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $51.56.

Several research analysts have recently issued reports on POR shares. Weiss Ratings downgraded Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, August 27th. Ladenburg Thalmann & Co. Inc. upgraded shares of Portland General Electric from a “neutral” rating to a “buy” rating and set a $48.50 price objective on the stock in a research report on Thursday, August 13th. BTIG Research set a $57.00 price objective on shares of Portland General Electric in a research note on Tuesday, October 20th. JPMorgan Chase & Co. dropped their target price on shares of Portland General Electric from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, September 9th. Finally, Zacks Research upgraded shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th.

Portland General Electric Stock Performance

NYSE POR opened at $45.88 on Wednesday. The business has a 50 day moving average price of $45.74 and a 200 day moving average price of $49.81. The company has a market capitalization of $5.46 billion, a P/E ratio of 16.58, a PEG ratio of 2.84 and a beta of 0.48. Portland General Electric has a 1-year low of $43.26 and a 1-year high of $54.62. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.15 and a quick ratio of 1.01.

Portland General Electric (NYSE:POR) last posted its earnings results on Thursday, October 29th. The utilities provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.05). The firm had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. Portland General Electric had a return on equity of 7.66% and a net margin of 7.68%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Sell-side analysts expect that Portland General Electric will post 3.28 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, December 22nd will be given a $0.5513 dividend. The ex-dividend date is Tuesday, December 22nd. This represents a $2.21 annualized dividend and a dividend yield of 4.8%. Portland General Electric’s dividend payout ratio is currently 94.42%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of POR. 1834 Investment Advisors Co. raised its position in shares of Portland General Electric by 125.1% in the third quarter. 1834 Investment Advisors Co. now owns 100,332 shares of the utilities provider’s stock valued at $4,478,000 after buying an additional 55,751 shares during the last quarter. Engineers Gate Manager LP lifted its stake in shares of Portland General Electric by 323.2% during the second quarter. Engineers Gate Manager LP now owns 80,264 shares of the utilities provider’s stock valued at $4,160,000 after buying an additional 61,297 shares during the period. State Street Corp lifted its stake in shares of Portland General Electric by 8.0% during the second quarter. State Street Corp now owns 5,019,860 shares of the utilities provider’s stock valued at $262,810,000 after buying an additional 372,165 shares during the period. Russell Investments Group Ltd. boosted its position in Portland General Electric by 40.1% during the second quarter. Russell Investments Group Ltd. now owns 264,569 shares of the utilities provider’s stock worth $13,714,000 after acquiring an additional 75,775 shares during the last quarter. Finally, Leeward Investments LLC MA boosted its position in Portland General Electric by 38.2% during the third quarter. Leeward Investments LLC MA now owns 316,157 shares of the utilities provider’s stock worth $14,110,000 after acquiring an additional 87,371 shares during the last quarter.

Portland General Electric Company Profile

Portland General Electric Company (PGE) is an investor-owned electric utility headquartered in Portland, Oregon. The company generates, transmits and distributes electricity to residential, commercial and industrial customers. PGE serves communities across Oregon, including the Portland metropolitan area and Salem. Its operations include a mix of company-owned and contracted power resources, as well as the transmission and distribution infrastructure needed to deliver electricity to customers. The company traces its history to the late 19th century and has grown alongside Oregon’s cities and industries.