Brokerages Set Portland General Electric Company (NYSE:POR) PT at $45.40

Key Points

• Portland General Electric Company (NYSE:POR) has received a consensus recommendation of "Hold" from analysts, with 1 sell, 8 hold, and 2 buy ratings, and an average 12-month price target of $45.40.
• Insider trading activity has seen Director Michael A. Lewis and CFO Joseph R. Trpik, Jr. selling shares, indicating decreased ownership stakes of 12.54% and 8.77%, respectively.
• The company recently announced a quarterly dividend of $0.525 per share, which translates to an annualized rate of $2.10 and a dividend yield of 4.9%.

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

Several brokerages have recently commented on POR. Barclays reduced 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 note on Tuesday, July 22nd. Zacks Research upgraded shares of Portland General Electric from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th.

Insider Activity

In other news, Director Michael A. Lewis sold 1,937 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $40.10, for a total value 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. This represents a 12.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the company'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 completion of the sale, the chief financial officer directly owned 27,089 shares of the company's stock, valued at approximately $1,120,130.15. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,436 shares of company stock valued at $988,388 in the last ninety days. 0.40% of the stock is owned by insiders.

Institutional Trading of Portland General Electric

Institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV increased its stake in Portland General Electric by 29.3% during the 1st quarter. KBC Group NV now owns 4,717 shares of the utilities provider's stock worth $210,000 after purchasing an additional 1,068 shares in the last quarter. New York State Teachers Retirement System increased its stake in Portland General Electric by 17.5% during the 1st quarter. New York State Teachers Retirement System now owns 39,793 shares of the utilities provider's stock worth $1,775,000 after purchasing an additional 5,927 shares in the last quarter. M&T Bank Corp increased its stake in Portland General Electric by 21.9% during the 1st quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider's stock worth $878,000 after purchasing an additional 3,538 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Portland General Electric by 6.5% during the 1st quarter. State of Alaska Department of Revenue now owns 12,806 shares of the utilities provider's stock worth $571,000 after purchasing an additional 780 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Portland General Electric by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider's stock worth $556,266,000 after purchasing an additional 559,201 shares in the last quarter.

Portland General Electric Stock Up 1.0%

NYSE POR traded up $0.42 during trading on Friday, reaching $42.24. The company's stock had a trading volume of 993,287 shares, compared to its average volume of 1,044,406. The business has a 50-day moving average price of $41.90 and a 200-day moving average price of $42.20. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. 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 $4.63 billion, a PE ratio of 15.58, a PEG ratio of 3.82 and a beta of 0.63.

Portland General Electric (NYSE:POR - Get Free Report) last announced its 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 business had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. Portland General Electric's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, research analysts forecast that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, September 25th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 5.0%. Portland General Electric's dividend payout ratio is 77.49%.

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.