Portland General Electric (NYSE:POR) Given New $54.00 Price Target at JPMorgan Chase & Co.

Portland General Electric (NYSE:POR) had its price target lifted by JPMorgan Chase & Co. from $51.00 to $54.00 in a research report sent to investors on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the utilities provider’s stock.

A number of other research firms have also recently issued reports on POR. Weiss Ratings cut shares of Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Loop Capital set a $48.00 price objective on shares of Portland General Electric in a research report on Tuesday, December 30th. UBS Group boosted their price objective on shares of Portland General Electric from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Wells Fargo & Company boosted their price objective on shares of Portland General Electric from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Finally, Barclays boosted their price objective on shares of Portland General Electric from $47.00 to $53.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Portland General Electric currently has a consensus rating of “Hold” and a consensus price target of $50.58.

Portland General Electric Price Performance

Shares of NYSE:POR opened at $51.20 on Monday. The stock has a market cap of $5.92 billion, a PE ratio of 18.48, a PEG ratio of 2.97 and a beta of 0.62. The company’s fifty day moving average is $52.79 and its 200 day moving average is $49.74. Portland General Electric has a 52 week low of $39.54 and a 52 week high of $54.62. The company has a quick ratio of 0.95, a current ratio of 1.08 and a debt-to-equity ratio of 1.19.

Portland General Electric (NYSE:POR) last issued its earnings results on Tuesday, February 17th. The utilities provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.12). Portland General Electric had a return on equity of 8.52% and a net margin of 8.56%.The business had revenue of $889.00 million during the quarter, compared to analysts’ expectations of $892.31 million. During the same quarter in the previous year, the business earned $0.36 EPS. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. Research analysts anticipate that Portland General Electric will post 3.42 earnings per share for the current year.

Portland General Electric Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.1%. Portland General Electric’s payout ratio is presently 75.81%.

Insider Buying and Selling at Portland General Electric

In other news, EVP Benjamin Felton sold 4,969 shares of Portland General Electric stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $53.56, for a total transaction of $266,139.64. Following the sale, the executive vice president owned 41,081 shares of the company’s stock, valued at approximately $2,200,298.36. The trade was a 10.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On Portland General Electric

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Portland General Electric by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 13,020,573 shares of the utilities provider’s stock valued at $624,857,000 after purchasing an additional 513,517 shares in the last quarter. State Street Corp boosted its stake in shares of Portland General Electric by 3.4% during the 4th quarter. State Street Corp now owns 4,728,784 shares of the utilities provider’s stock valued at $229,333,000 after purchasing an additional 156,164 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Portland General Electric by 1,342.7% during the 4th quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock valued at $222,824,000 after purchasing an additional 4,321,305 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Portland General Electric by 42.2% during the 4th quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock valued at $170,448,000 after purchasing an additional 1,054,450 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Portland General Electric by 23.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,985,941 shares of the utilities provider’s stock valued at $131,381,000 after purchasing an additional 564,379 shares in the last quarter.

Portland General Electric Company Profile

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.