Portland General Electric Company (NYSE:POR) Given Consensus Rating of "Hold" by Brokerages

Portland General Electric Company (NYSE:POR - Get Free Report) has earned a consensus recommendation of "Hold" from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.40.

Several research firms have recently commented on POR. BMO Capital Markets began coverage on shares of Portland General Electric in a research report on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Evercore ISI lowered their price target on shares of Portland General Electric from $51.00 to $48.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Barclays decreased their target price on shares of Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 22nd. Finally, UBS Group upgraded shares of Portland General Electric from a "neutral" rating to a "buy" rating and raised their target price for the stock from $47.00 to $50.00 in a research report on Monday, May 5th.

Portland General Electric Stock Performance

POR traded up $1.67 on Thursday, reaching $41.40. The company had a trading volume of 2,267,940 shares, compared to its average volume of 1,356,969. Portland General Electric has a 1 year low of $39.54 and a 1 year high of $49.85. The stock has a market capitalization of $4.53 billion, a PE ratio of 15.28, a P/E/G ratio of 3.85 and a beta of 0.56. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average price of $41.10 and a 200-day moving average price of $42.15.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. The firm had revenue of $807.00 million during the quarter, compared to analysts' expectations of $797.97 million. Portland General Electric had a net margin of 8.84% and a return on equity of 8.24%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. As a group, research analysts forecast that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Thursday, September 25th. Portland General Electric's dividend payout ratio is currently 77.49%.

Insiders Place Their Bets

In other Portland General Electric news, Director Michael A. Lewis sold 1,937 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $40.10, for a total transaction of $77,673.70. Following the transaction, the director owned 13,509 shares of the company's stock, valued at $541,710.90. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Portland General Electric

A number of hedge funds have recently made changes to their positions in the business. Private Trust Co. NA grew its holdings in Portland General Electric by 62.6% during the 1st quarter. Private Trust Co. NA now owns 634 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 244 shares in the last quarter. Menard Financial Group LLC grew its holdings in Portland General Electric by 4.6% during the 1st quarter. Menard Financial Group LLC now owns 5,905 shares of the utilities provider's stock worth $251,000 after acquiring an additional 257 shares in the last quarter. Captrust Financial Advisors grew its holdings in Portland General Electric by 3.2% during the 4th quarter. Captrust Financial Advisors now owns 8,693 shares of the utilities provider's stock worth $379,000 after acquiring an additional 269 shares in the last quarter. Private Advisor Group LLC grew its holdings in Portland General Electric by 1.6% during the 1st quarter. Private Advisor Group LLC now owns 17,986 shares of the utilities provider's stock worth $802,000 after acquiring an additional 279 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in Portland General Electric by 4.2% during the 4th quarter. OneDigital Investment Advisors LLC now owns 7,282 shares of the utilities provider's stock worth $318,000 after acquiring an additional 291 shares in the last quarter.

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. 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.