Portland General Electric (NYSE:POR) Given Consensus Recommendation of “Hold” by Brokerages

Portland General Electric (NYSE:POR – Get Rating) has earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $50.75.

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Portland General Electric in a report on Monday, May 8th. They set an “overweight” rating and a $56.00 target price for the company. Wells Fargo & Company increased their price target on shares of Portland General Electric from $52.00 to $53.00 and gave the company an “equal weight” rating in a research report on Friday, February 17th. Bank of America raised Portland General Electric from a “neutral” rating to a “buy” rating and upped their target price for the company from $47.00 to $52.00 in a research note on Tuesday, March 14th. StockNews.com started coverage on Portland General Electric in a report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Credit Suisse Group lifted their price objective on Portland General Electric from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 21st.

Insider Transactions at Portland General Electric

In related news, VP John Teeruk Kochavatr sold 3,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $51.12, for a total value of $153,360.00. Following the transaction, the vice president now directly owns 15,489 shares of the company’s stock, valued at approximately $791,797.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Portland General Electric news, VP Brett Michael Sims sold 2,050 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $47.00, for a total transaction of $96,350.00. Following the completion of the sale, the vice president now directly owns 10,978 shares in the company, valued at $515,966. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John Teeruk Kochavatr sold 3,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $51.12, for a total transaction of $153,360.00. Following the completion of the sale, the vice president now directly owns 15,489 shares of the company’s stock, valued at approximately $791,797.68. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Portland General Electric

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC boosted its holdings in Portland General Electric by 31.7% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 71,505 shares of the utilities provider’s stock worth $3,496,000 after acquiring an additional 17,205 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of Portland General Electric by 354.6% during the first quarter. Cubist Systematic Strategies LLC now owns 258,928 shares of the utilities provider’s stock worth $12,659,000 after purchasing an additional 201,971 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Portland General Electric by 188.6% during the first quarter. Two Sigma Advisers LP now owns 63,500 shares of the utilities provider’s stock worth $3,105,000 after purchasing an additional 41,500 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Portland General Electric during the 1st quarter worth $7,979,000. Finally, Deutsche Bank AG increased its stake in Portland General Electric by 39.9% during the 1st quarter. Deutsche Bank AG now owns 59,734 shares of the utilities provider’s stock worth $2,920,000 after buying an additional 17,023 shares during the period. Institutional investors and hedge funds own 97.03% of the company’s stock.

Portland General Electric Trading Down 0.6 %

Shares of Portland General Electric stock opened at $50.72 on Tuesday. The stock has a market cap of $4.90 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58. The company has a current ratio of 1.02, a quick ratio of 0.89 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average of $49.28 and a two-hundred day moving average of $48.30. Portland General Electric has a 12-month low of $41.58 and a 12-month high of $56.37.

Portland General Electric (NYSE:POR – Get Rating) last posted its earnings results on Thursday, February 16th. The utilities provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The company had revenue of $687.00 million for the quarter, compared to the consensus estimate of $624.60 million. Portland General Electric had a return on equity of 9.06% and a net margin of 8.88%. On average, research analysts anticipate that Portland General Electric will post 2.7 EPS for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, June 26th will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.75%. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, June 23rd. Portland General Electric’s dividend payout ratio (DPR) is presently 69.60%.

Portland General Electric Company Profile

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Portland General Electric Co engages in the generation, wholesale purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. The firm also sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers. It also serves residential, commercial and non-residential customers.