Weiss Ratings Reiterates "Hold (C)" Rating for Portland General Electric (NYSE:POR)

Key Points

• Weiss Ratings has reaffirmed its "Hold (C)" rating for Portland General Electric (NYSE:POR), while Zacks Research upgraded the stock from "strong sell" to "hold."
• Portland General Electric's latest quarterly earnings showed a revenue of $807 million, exceeding estimates, and the company's FY 2025 EPS guidance is projected between 3.130-3.330.
• Insider sales indicate a decrease in positions, with CEO Maria M. Pope selling 18,896 shares for approximately $803,080 recently.

Portland General Electric (NYSE:POR - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued reports about the company. Zacks Research upgraded Portland General Electric from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Barclays dropped their price target on Portland General Electric from $45.00 to $43.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $45.40.

Portland General Electric Trading Up 0.2%

POR stock opened at $43.91 on Wednesday. Portland General Electric has a 1-year low of $39.54 and a 1-year 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 $4.81 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 4.01 and a beta of 0.62. The business has a 50 day simple moving average of $42.65 and a two-hundred day simple moving average of $42.09.

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 for the quarter, topping the consensus estimate of $0.65 by $0.01. Portland General Electric had a return on equity of 8.07% and a net margin of 8.43%.The business had revenue of $807.00 million during the quarter, compared to the consensus estimate of $797.97 million. During the same period in the prior year, the company posted $0.69 EPS. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Research analysts anticipate that Portland General Electric will post 3.21 EPS for the current fiscal year.

Insider Activity

In related news, CEO Maria M. Pope sold 18,896 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $42.50, for a total transaction of $803,080.00. Following the sale, the chief executive officer owned 194,135 shares in the company, valued at approximately $8,250,737.50. This represents a 8.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the stock in a transaction on 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 owned 27,089 shares in the company, valued at $1,120,130.15. The trade was a 8.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,436 shares of company stock worth $988,388. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Portland General Electric

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank & Trust Co purchased a new stake in Portland General Electric during the 3rd quarter valued at $108,000. Martin Capital Partners LLC purchased a new stake in Portland General Electric during the 3rd quarter valued at $4,811,000. Osaic Holdings Inc. raised its holdings in Portland General Electric by 18.8% during the 2nd quarter. Osaic Holdings Inc. now owns 42,689 shares of the utilities provider's stock valued at $1,738,000 after buying an additional 6,763 shares during the period. Orion Porfolio Solutions LLC raised its holdings in Portland General Electric by 3.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 65,523 shares of the utilities provider's stock valued at $2,662,000 after buying an additional 2,481 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in Portland General Electric by 19.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,172,284 shares of the utilities provider's stock valued at $47,630,000 after buying an additional 187,825 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.

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