Portland General Electric Company (NYSE:POR) Receives $45.60 Average PT from Analysts

Shares of Portland General Electric Company (NYSE:POR - Get Free Report) have been assigned an average recommendation of "Hold" from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.60.

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Evercore ISI reduced their price target on Portland General Electric from $51.00 to $48.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. UBS Group upgraded Portland General Electric from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $47.00 to $50.00 in a research note on Monday, May 5th. BMO Capital Markets began coverage on Portland General Electric in a research report on Tuesday, May 13th. They set a "market perform" rating and a $46.00 price objective on the stock. Finally, KeyCorp downgraded shares of Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 target price for the company. in a report on Wednesday, May 14th.

Portland General Electric Stock Down 0.3%

Shares of POR traded down $0.12 during midday trading on Friday, reaching $40.30. 2,863,677 shares of the stock were exchanged, compared to its average volume of 1,050,294. The company has a market capitalization of $4.41 billion, a P/E ratio of 14.19, a PEG ratio of 3.74 and a beta of 0.57. The company has a current ratio of 1.06, a quick ratio of 0.94 and a debt-to-equity ratio of 1.28. Portland General Electric has a 52 week low of $39.55 and a 52 week high of $49.85. The company's 50 day moving average is $41.69 and its two-hundred day moving average is $42.55.

Portland General Electric (NYSE:POR - Get Free Report) last issued its earnings results on Friday, April 25th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.02). The business had revenue of $928.00 million for the quarter, compared to the consensus estimate of $977.02 million. Portland General Electric had a return on equity of 8.24% and a net margin of 8.84%. The firm's revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.21 earnings per share. On average, sell-side analysts anticipate that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 24th will be given a $0.525 dividend. This is a positive change from Portland General Electric's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Tuesday, June 24th. Portland General Electric's dividend payout ratio (DPR) is presently 73.94%.

Insider Activity at Portland General Electric

In related news, EVP Benjamin Felton sold 1,845 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $43.02, for a total value of $79,371.90. Following the transaction, the executive vice president now directly owns 32,646 shares of the company's stock, valued at $1,404,430.92. This represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Portland General Electric

Several large investors have recently added to or reduced their stakes in POR. True Wealth Design LLC purchased a new position in shares of Portland General Electric in the fourth quarter worth about $27,000. Wayfinding Financial LLC acquired a new position in Portland General Electric in the 1st quarter worth approximately $27,000. Private Trust Co. NA raised its position 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 worth $28,000 after buying an additional 244 shares during the last quarter. Global X Japan Co. Ltd. lifted its stake in Portland General Electric by 113.1% during the 1st quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 345 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in Portland General Electric by 1,538.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 769 shares during the period.

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.