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

Shares of Portland General Electric Company (NYSE:POR) have received an average rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $45.40.

Several research firms have recently weighed in on POR. Barclays reduced their price objective on Portland General Electric from $45.00 to $43.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Portland General Electric in a research report on Saturday, September 27th. Finally, Zacks Research raised Portland General Electric from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th.

Insider Activity at Portland General Electric

In related news, Director Michael A. Lewis sold 1,937 shares of the company’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $40.10, for a total value of $77,673.70. Following the completion of the transaction, the director directly owned 13,509 shares in the company, valued at approximately $541,710.90. This represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Joseph R. Trpik, Jr. sold 2,603 shares of the company’s 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,436 shares of company stock worth $988,388. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. KBC Group NV raised its stake in shares of Portland General Electric by 29.3% in the first quarter. KBC Group NV now owns 4,717 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 1,068 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Portland General Electric by 17.5% in the first quarter. New York State Teachers Retirement System now owns 39,793 shares of the utilities provider’s stock valued at $1,775,000 after purchasing an additional 5,927 shares in the last quarter. M&T Bank Corp raised its stake in shares of Portland General Electric by 21.9% in the first quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider’s stock valued at $878,000 after purchasing an additional 3,538 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Portland General Electric by 6.5% in the first quarter. State of Alaska Department of Revenue now owns 12,806 shares of the utilities provider’s stock valued at $571,000 after purchasing an additional 780 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Portland General Electric by 4.7% in the first quarter. Vanguard Group Inc. now owns 12,472,333 shares of the utilities provider’s stock valued at $556,266,000 after purchasing an additional 559,201 shares in the last quarter.

Portland General Electric Stock Up 1.3%

Shares of Portland General Electric stock opened at $43.71 on Tuesday. The stock has a market capitalization of $4.79 billion, a P/E ratio of 16.13, a PEG ratio of 3.95 and a beta of 0.62. The company has a quick ratio of 0.84, a current ratio of 0.97 and a debt-to-equity ratio of 1.28. The stock has a 50 day moving average price of $42.55 and a two-hundred day moving average price of $42.06. Portland General Electric has a 12-month low of $39.54 and a 12-month high of $49.85.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Friday, July 25th. The utilities provider reported $0.66 earnings per share for the quarter, beating 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 company had revenue of $807.00 million during the quarter, compared to analysts’ expectations of $797.97 million. During the same period in the prior year, the business earned $0.69 earnings per share. Portland General Electric’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. Equities analysts expect that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, September 25th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, September 25th. Portland General Electric’s dividend payout ratio is currently 77.49%.

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.