Portland General Electric Company (NYSE:POR) – Research analysts at Gabelli dropped their FY2019 earnings per share (EPS) estimates for Portland General Electric in a research report issued on Thursday. Gabelli analyst T. Winter now forecasts that the utilities provider will earn $2.35 per share for the year, down from their previous forecast of $2.55.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Portland General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub cut shares of Portland General Electric from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Williams Capital cut shares of Portland General Electric from a “hold” rating to a “sell” rating and reduced their price target for the company from $44.00 to $41.00 in a research report on Monday, July 24th. J P Morgan Chase & Co increased their price target on shares of Portland General Electric from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, KeyCorp reiterated a “hold” rating on shares of Portland General Electric in a research report on Friday, September 1st. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.60.

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Portland General Electric (NYSE:POR) traded up 0.04% during midday trading on Friday, hitting $45.37. 1,046,181 shares of the stock were exchanged. Portland General Electric has a 1-year low of $40.71 and a 1-year high of $48.22. The company has a market capitalization of $4.04 billion, a P/E ratio of 20.25 and a beta of 0.28. The company’s 50 day moving average is $46.40 and its 200 day moving average is $46.07.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Friday, July 28th. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.08). Portland General Electric had a net margin of 10.06% and a return on equity of 8.48%. The company had revenue of $449.00 million during the quarter, compared to analyst estimates of $465.70 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, September 25th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Friday, September 22nd. Portland General Electric’s dividend payout ratio (DPR) is presently 60.71%.

Several large investors have recently added to or reduced their stakes in the company. BlueMountain Capital Management LLC boosted its stake in shares of Portland General Electric by 0.3% during the second quarter. BlueMountain Capital Management LLC now owns 5,489 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 17 shares during the period. Huntington National Bank boosted its stake in shares of Portland General Electric by 1.2% during the second quarter. Huntington National Bank now owns 2,809 shares of the utilities provider’s stock valued at $128,000 after purchasing an additional 34 shares during the period. Trust Co. of Vermont boosted its stake in shares of Portland General Electric by 0.3% during the second quarter. Trust Co. of Vermont now owns 11,889 shares of the utilities provider’s stock valued at $544,000 after purchasing an additional 41 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Portland General Electric by 0.4% during the second quarter. Teacher Retirement System of Texas now owns 28,167 shares of the utilities provider’s stock valued at $1,287,000 after purchasing an additional 122 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Portland General Electric by 1.1% during the second quarter. Amalgamated Bank now owns 11,374 shares of the utilities provider’s stock valued at $520,000 after purchasing an additional 123 shares during the period. 93.16% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Portland General Electric (NYSE:POR)

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