Portland General Electric (NYSE:POR) Receives $45.78 Average Target Price from Analysts

Shares of Portland General Electric (NYSE:POR) have earned an average recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $45.78.

Several research analysts have recently issued reports on the company. StockNews.com lowered Portland General Electric from a “hold” rating to a “sell” rating in a research report on Thursday, April 3rd. LADENBURG THALM/SH SH cut shares of Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a report on Tuesday, February 18th. UBS Group reiterated a “neutral” rating and issued a $47.00 target price (down from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. Evercore ISI boosted their price target on shares of Portland General Electric from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $44.00 price objective (down previously from $50.00) on shares of Portland General Electric in a research note on Thursday, April 10th.

Portland General Electric Stock Down 0.0 %

Shares of NYSE POR opened at $42.99 on Tuesday. Portland General Electric has a 12-month low of $40.05 and a 12-month high of $49.85. The firm’s 50-day simple moving average is $43.49 and its 200 day simple moving average is $44.51. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 1.11 and a beta of 0.49.

Portland General Electric (NYSE:POR) last released its earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $716.17 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. During the same period in the prior year, the company posted $0.67 EPS. On average, research analysts expect that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Monday, March 24th. Portland General Electric’s dividend payout ratio (DPR) is currently 66.45%.

Insider Transactions at Portland General Electric

In related news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total transaction of $56,815.00. Following the completion of the transaction, the chief financial officer now owns 31,960 shares in the company, valued at approximately $1,320,587.20. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Portland General Electric

A number of large investors have recently modified their holdings of POR. True Wealth Design LLC acquired a new position in Portland General Electric during the fourth quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Portland General Electric during the 4th quarter worth approximately $29,000. Versant Capital Management Inc raised its stake in shares of Portland General Electric by 151.0% during the 4th quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 450 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Portland General Electric by 1,538.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 819 shares of the utilities provider’s stock valued at $36,000 after buying an additional 769 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Portland General Electric in the fourth quarter valued at $52,000.

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.