Analysts Set Portland General Electric (NYSE:POR) PT at $48.88

Portland General Electric (NYSE:POR) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $48.88.

Several research firms recently commented on POR. UBS Group reiterated a “neutral” rating and set a $47.00 target price (down from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. Bank of America cut their price objective on shares of Portland General Electric from $46.00 to $43.00 and set an “underperform” rating for the company in a research report on Tuesday, December 24th. StockNews.com raised Portland General Electric from a “sell” rating to a “hold” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price target on Portland General Electric from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group started coverage on Portland General Electric in a research report on Friday, September 20th. They issued a “hold” rating and a $48.00 price objective for the company.

Portland General Electric Trading Up 0.5 %

Portland General Electric stock opened at $42.53 on Friday. Portland General Electric has a 52 week low of $39.13 and a 52 week high of $49.85. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98. The firm has a market capitalization of $4.49 billion, a PE ratio of 12.70, a PEG ratio of 1.13 and a beta of 0.60. The business’s 50-day simple moving average is $45.78 and its 200-day simple moving average is $46.37.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, October 25th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Portland General Electric had a return on equity of 10.28% and a net margin of 10.30%. The firm had revenue of $929.00 million for the quarter, compared to analyst estimates of $882.66 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s revenue was up 15.8% on a year-over-year basis. Equities research analysts forecast that Portland General Electric will post 3.11 earnings per share for the current year.

Portland General Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 24th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Tuesday, December 24th. Portland General Electric’s payout ratio is 59.70%.

Institutional Trading of Portland General Electric

Large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Portland General Electric in the 3rd quarter valued at $25,000. Allworth Financial LP lifted its holdings in Portland General Electric by 74.4% during the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 265 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Portland General Electric in the second quarter valued at about $33,000. Versant Capital Management Inc grew its stake in Portland General Electric by 151.0% during the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after buying an additional 450 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in Portland General Electric during the second quarter worth about $40,000.

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.