Barclays Has Lowered Expectations for Portland General Electric (NYSE:POR) Stock Price

Portland General Electric (NYSE:PORGet Free Report) had its price objective cut by analysts at Barclays from $48.00 to $42.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target points to a potential upside of 0.60% from the stock’s previous close.

A number of other brokerages have also recently issued reports on POR. UBS Group restated a “neutral” rating and issued a $47.00 price objective (down previously from $52.00) on shares of Portland General Electric in a research note on Friday, January 3rd. KeyCorp cut their price target on shares of Portland General Electric from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Wednesday, December 4th. JPMorgan Chase & Co. increased their target price on Portland General Electric from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Bank of America decreased their price target on Portland General Electric from $46.00 to $43.00 and set an “underperform” rating on the stock in a research note on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.38.

Read Our Latest Analysis on POR

Portland General Electric Price Performance

Shares of NYSE:POR opened at $41.75 on Monday. The firm has a market capitalization of $4.40 billion, a PE ratio of 12.46, a PEG ratio of 1.05 and a beta of 0.60. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28. Portland General Electric has a 1-year low of $39.13 and a 1-year high of $49.85. The business’s 50 day moving average is $44.14 and its 200-day moving average is $46.22.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in shares of Portland General Electric during the third quarter worth approximately $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 worth $30,000 after buying an additional 265 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Portland General Electric during the 4th quarter worth $29,000. Versant Capital Management Inc boosted its position in Portland General Electric by 151.0% in the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock valued at $33,000 after buying an additional 450 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Portland General Electric in the 4th quarter valued at $71,000.

Portland General Electric Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Portland General Electric (NYSE:POR)

Receive News & Ratings for Portland General Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Portland General Electric and related companies with MarketBeat.com's FREE daily email newsletter.