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

Shares of Portland General Electric Company (NYSE:POR) have earned an average recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $46.8182.

Several analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Portland General Electric in a research note on Monday. They issued an “equal weight” rating and a $45.00 target price for the company. Jefferies Financial Group upped their target price on Portland General Electric from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Portland General Electric in a research note on Wednesday, October 8th. BTIG Research raised Portland General Electric to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Barclays increased their price objective on Portland General Electric from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st.

Portland General Electric Trading Down 0.1%

Shares of POR opened at $45.74 on Friday. The firm’s 50 day simple moving average is $43.54 and its 200 day simple moving average is $42.30. The company has a market capitalization of $5.01 billion, a P/E ratio of 16.88, a P/E/G ratio of 4.18 and a beta of 0.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.97 and a quick ratio of 0.84. Portland General Electric has a 1-year low of $39.54 and a 1-year high of $48.40.

Portland General Electric (NYSE:POR) last announced its earnings results on Friday, October 31st. The utilities provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $952.00 million for the quarter, compared to the consensus estimate of $975.64 million. Portland General Electric had a net margin of 8.43% and a return on equity of 8.07%. Portland General Electric’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.90 earnings per share. Portland General Electric has set its FY 2025 guidance at 3.130-3.330 EPS. Sell-side analysts forecast that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be issued a $0.525 dividend. The ex-dividend date is Monday, December 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 4.6%. Portland General Electric’s dividend payout ratio is 77.49%.

Insider Transactions at Portland General Electric

In other 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 value of $803,080.00. Following the sale, the chief executive officer directly owned 194,135 shares of the company’s stock, valued at approximately $8,250,737.50. This represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of POR. KBC Group NV increased its stake in Portland General Electric by 29.3% in the 1st quarter. KBC Group NV now owns 4,717 shares of the utilities provider’s stock worth $210,000 after acquiring an additional 1,068 shares during the last quarter. New York State Teachers Retirement System increased its stake in Portland General Electric by 17.5% in the 1st quarter. New York State Teachers Retirement System now owns 39,793 shares of the utilities provider’s stock worth $1,775,000 after acquiring an additional 5,927 shares during the last quarter. M&T Bank Corp increased its stake in Portland General Electric by 21.9% in the 1st quarter. M&T Bank Corp now owns 19,691 shares of the utilities provider’s stock worth $878,000 after acquiring an additional 3,538 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Portland General Electric in the 2nd quarter worth approximately $376,000. Finally, Eastern Bank purchased a new position in shares of Portland General Electric in the 2nd quarter worth approximately $65,000.

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.