Portland General Electric (NYSE:POR) Lowered to Sector Weight Rating by KeyCorp

KeyCorp lowered shares of Portland General Electric (NYSE:POR - Free Report) from an overweight rating to a sector weight rating in a research report report published on Wednesday, Marketbeat reports. KeyCorp currently has $51.00 price objective on the utilities provider's stock. KeyCorp also issued estimates for Portland General Electric's Q2 2025 earnings at $0.93 EPS, Q3 2025 earnings at $0.77 EPS and FY2025 earnings at $3.22 EPS.

POR has been the topic of several other research reports. BMO Capital Markets assumed coverage on Portland General Electric in a report on Tuesday, May 13th. They issued a "market perform" rating and a $46.00 price target on the stock. Jefferies Financial Group cut their price objective on shares of Portland General Electric from $47.00 to $42.00 and set a "hold" rating on the stock in a report on Tuesday, January 28th. JPMorgan Chase & Co. restated a "neutral" rating and set a $44.00 target price (down previously from $50.00) on shares of Portland General Electric in a report on Thursday, April 10th. Barclays decreased their price target on shares of Portland General Electric from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Wells Fargo & Company reduced their price objective on Portland General Electric from $46.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $45.60.

Portland General Electric Price Performance

NYSE:POR traded down $0.02 during mid-day trading on Wednesday, hitting $42.67. The company's stock had a trading volume of 189,386 shares, compared to its average volume of 1,021,072. Portland General Electric has a fifty-two week low of $40.05 and a fifty-two week high of $49.85. The company has a current ratio of 0.92, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The stock has a fifty day moving average of $42.92 and a 200-day moving average of $43.68. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.11 and a beta of 0.57.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.02). Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The firm had revenue of $928.00 million for the quarter, compared to analyst estimates of $977.02 million. During the same period in the previous year, the business posted $1.21 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Tuesday, June 24th. This is a positive change from Portland General Electric's previous quarterly dividend of $0.50. Portland General Electric's payout ratio is 73.94%.

Insider Activity

In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total value of $56,815.00. Following the completion of the sale, the chief financial officer now directly owns 31,960 shares of the company's stock, valued at approximately $1,320,587.20. This represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Benjamin Felton sold 1,845 shares of the firm's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $43.02, for a total value of $79,371.90. Following the sale, the executive vice president now directly owns 32,646 shares of the company's stock, valued at approximately $1,404,430.92. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,795 shares of company stock valued at $159,946. Company insiders own 0.40% of the company's stock.

Institutional Trading of Portland General Electric

Hedge funds and other institutional investors have recently bought and sold shares of the company. Synergy Asset Management LLC lifted its stake in Portland General Electric by 260.6% in the fourth quarter. Synergy Asset Management LLC now owns 114,496 shares of the utilities provider's stock worth $5,096,000 after purchasing an additional 82,743 shares during the last quarter. Blair William & Co. IL increased its stake in Portland General Electric by 13.2% during the 4th quarter. Blair William & Co. IL now owns 5,925 shares of the utilities provider's stock valued at $258,000 after purchasing an additional 692 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Portland General Electric by 3.7% in the 4th quarter. American Century Companies Inc. now owns 141,367 shares of the utilities provider's stock worth $6,166,000 after purchasing an additional 5,084 shares in the last quarter. Natixis Advisors LLC increased its holdings in Portland General Electric by 1.3% in the 4th quarter. Natixis Advisors LLC now owns 322,686 shares of the utilities provider's stock worth $14,076,000 after buying an additional 4,195 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Portland General Electric by 11.6% during the fourth quarter. Van ECK Associates Corp now owns 93,330 shares of the utilities provider's stock valued at $4,071,000 after purchasing an additional 9,715 shares during the period.

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.