Mizuho downgraded shares of Portland General Electric (NYSE:POR) from a buy rating to a neutral rating in a research note published on Thursday, Anlyst Ratings reports. Mizuho currently has $43.00 target price on the utilities provider’s stock.

A number of other research firms also recently commented on POR. TheStreet downgraded Portland General Electric from a b- rating to a c+ rating in a report on Monday, July 27th. Sidoti dropped their price objective on shares of Portland General Electric from $43.00 to $40.00 and set a neutral rating on the stock in a report on Tuesday, August 25th. Guggenheim raised shares of Portland General Electric from a neutral rating to a buy rating in a report on Tuesday, September 22nd. Barclays raised shares of Portland General Electric from an underweight rating to an equal weight rating and lowered their price target for the company from $45.00 to $38.00 in a report on Monday, September 21st. Finally, Siebert Williams Shank upgraded Portland General Electric from a hold rating to a buy rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $43.67.

NYSE:POR opened at $42.21 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.82 and a debt-to-equity ratio of 1.06. Portland General Electric has a twelve month low of $31.96 and a twelve month high of $63.08. The company has a market cap of $3.78 billion, a PE ratio of 16.05, a P/E/G ratio of 5.07 and a beta of 0.26. The company’s 50 day moving average is $39.73 and its two-hundred day moving average is $41.16.

Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Wednesday, November 4th. The utilities provider reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.14. Portland General Electric had a net margin of 11.07% and a return on equity of 9.04%. The firm had revenue of $547.00 million for the quarter, compared to analyst estimates of $491.74 million. During the same period in the previous year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. As a group, analysts expect that Portland General Electric will post 1.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, December 28th will be given a dividend of $0.4075 per share. The ex-dividend date of this dividend is Thursday, December 24th. This represents a $1.63 dividend on an annualized basis and a yield of 3.86%. Portland General Electric’s dividend payout ratio is currently 68.20%.

A number of institutional investors and hedge funds have recently modified their holdings of POR. CI Investments Inc. purchased a new stake in shares of Portland General Electric in the third quarter valued at approximately $30,000. IFP Advisors Inc increased its holdings in Portland General Electric by 106.5% in the 3rd quarter. IFP Advisors Inc now owns 956 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 493 shares in the last quarter. Private Ocean LLC purchased a new stake in Portland General Electric in the 3rd quarter worth $36,000. Parallel Advisors LLC raised its position in Portland General Electric by 7,592.3% during the third quarter. Parallel Advisors LLC now owns 1,000 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 987 shares during the period. Finally, Fifth Third Bancorp purchased a new position in Portland General Electric during the third quarter valued at $57,000.

About Portland General Electric

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. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2019, it owned an electric transmission system consisting of 1,264 circuit miles, including 287 circuit miles of 500 kilovolt line, 423 circuit miles of 230 kilovolt line, and 554 miles of 115 kilovolt line.

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Analyst Recommendations for Portland General Electric (NYSE:POR)

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