Analysts Set Portland General Electric Company (NYSE:POR) Target Price at $45.40

Key Points

• Portland General Electric Company (NYSE:POR) has received a consensus rating of "Hold" from brokerages, with one sell rating, seven hold ratings, and two buy ratings.
• The company reported earnings of $0.66 per share for the last quarter, surpassing analysts' expectations by $0.01, with a revenue increase of 6.5% compared to the previous year.
• Portland General Electric declared a quarterly dividend of $0.525 per share, representing a 5.0% dividend yield, which will be paid to shareholders on October 15th.

Portland General Electric Company (NYSE:POR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $45.40.

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Portland General Electric from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, May 19th. BMO Capital Markets started coverage on shares of Portland General Electric in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price target for the company. Barclays lowered their price objective on shares of Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 22nd. Evercore ISI cut their target price 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. Finally, KeyCorp lowered Portland General Electric from an "overweight" rating to a "sector weight" rating and set a $51.00 price target for the company. in a research note on Wednesday, May 14th.

Insider Transactions at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $41.35, for a total value of $107,634.05. Following the sale, the chief financial officer directly owned 27,089 shares in the company, valued at approximately $1,120,130.15. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael A. Lewis sold 1,937 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $40.10, for a total transaction of $77,673.70. Following the completion of the sale, the director directly owned 13,509 shares of the company's stock, valued at $541,710.90. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Institutional Trading of Portland General Electric

A number of large investors have recently added to or reduced their stakes in the business. ATLAS Infrastructure Partners UK Ltd. increased its holdings in shares of Portland General Electric by 164.5% in the first quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,400,635 shares of the utilities provider's stock valued at $196,268,000 after buying an additional 2,736,811 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Portland General Electric by 644.2% in the 1st quarter. AQR Capital Management LLC now owns 2,014,491 shares of the utilities provider's stock worth $89,846,000 after acquiring an additional 1,743,791 shares during the last quarter. Norges Bank acquired a new position in shares of Portland General Electric in the 2nd quarter worth $41,554,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Portland General Electric by 22.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 4,864,352 shares of the utilities provider's stock worth $216,950,000 after purchasing an additional 904,692 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Portland General Electric by 4.7% during the first quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider's stock valued at $556,266,000 after purchasing an additional 559,201 shares during the last quarter.

Portland General Electric Stock Performance

POR stock traded up $0.4650 on Monday, reaching $42.6650. The company's stock had a trading volume of 55,496 shares, compared to its average volume of 1,171,011. Portland General Electric has a 52 week low of $39.54 and a 52 week high of $49.85. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. The company has a market capitalization of $4.67 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 3.89 and a beta of 0.55. The firm has a fifty day moving average of $41.18 and a two-hundred day moving average of $42.23.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. The company had revenue of $807.00 million during the quarter, compared to analyst estimates of $797.97 million. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 EPS. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. As a group, analysts predict that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, September 25th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 annualized dividend and a yield of 4.9%. Portland General Electric's dividend payout ratio (DPR) is currently 77.49%.

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.