Portland General Electric Company (NYSE:POR) Receives Consensus Recommendation of “Hold” from Brokerages

Portland General Electric Company (NYSE:POR) has been given a consensus recommendation of “Hold” by the eleven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $45.40.

POR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Portland General Electric from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, May 19th. Barclays decreased their price objective on shares of Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, July 22nd. Finally, Zacks Research upgraded shares of Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th.

Insider Transactions at Portland General Electric

In other news, Director Michael A. Lewis sold 1,937 shares of Portland General Electric stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $40.10, for a total value of $77,673.70. Following the completion of the transaction, the director owned 13,509 shares in the company, valued at $541,710.90. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of Portland General Electric stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $41.35, for a total transaction of $107,634.05. Following the completion of the transaction, the chief financial officer owned 27,089 shares of the company’s stock, 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. Insiders sold 23,436 shares of company stock worth $988,388 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Portland General Electric

Several large investors have recently modified their holdings of the business. Osaic Holdings Inc. increased its stake in shares of Portland General Electric by 18.8% in the second quarter. Osaic Holdings Inc. now owns 42,689 shares of the utilities provider’s stock worth $1,738,000 after purchasing an additional 6,763 shares in the last quarter. Orion Porfolio Solutions LLC increased 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 worth $2,662,000 after acquiring an additional 2,481 shares during the period. Thrivent Financial for Lutherans lifted its stake in Portland General Electric by 19.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,172,284 shares of the utilities provider’s stock worth $47,630,000 after purchasing an additional 187,825 shares in the last quarter. State of Wyoming lifted its stake in Portland General Electric by 94.3% in the 2nd quarter. State of Wyoming now owns 14,865 shares of the utilities provider’s stock worth $604,000 after purchasing an additional 7,214 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Portland General Electric by 346.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,940 shares of the utilities provider’s stock worth $688,000 after purchasing an additional 13,145 shares in the last quarter.

Portland General Electric Stock Up 0.5%

Portland General Electric stock opened at $42.46 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.28. The firm’s fifty day moving average price is $41.80 and its two-hundred day moving average price is $42.26. Portland General Electric has a 1-year low of $39.54 and a 1-year high of $49.85. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 3.86 and a beta of 0.63.

Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. The company had revenue of $807.00 million for the quarter, compared to analyst estimates of $797.97 million. During the same period last year, the firm earned $0.69 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. On average, equities research analysts predict that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The firm also recently announced 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 is Thursday, September 25th. This represents a $2.10 annualized dividend and a dividend yield of 4.9%. Portland General Electric’s dividend payout ratio (DPR) is presently 77.49%.

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.