Portland General Electric (NYSE:POR) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Portland General Electric (NYSE:POR - Get Free Report) have been assigned a consensus rating of "Hold" from the nine analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $46.78.

Several research firms recently commented on POR. Bank of America initiated coverage on Portland General Electric in a report on Thursday, September 12th. They issued an "underperform" rating and a $47.00 price objective for the company. Jefferies Financial Group assumed coverage on Portland General Electric in a research note on Friday, September 20th. They set a "hold" rating and a $48.00 price target for the company. StockNews.com upgraded shares of Portland General Electric from a "sell" rating to a "hold" rating in a research note on Tuesday. KeyCorp upgraded shares of Portland General Electric from a "sector weight" rating to an "overweight" rating in a research report on Monday, July 22nd. Finally, Evercore ISI began coverage on shares of Portland General Electric in a research report on Wednesday. They issued an "outperform" rating and a $54.00 price target on the stock.

Insider Activity at Portland General Electric

In other news, COO Benjamin Felton sold 1,886 shares of the firm's stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $48.00, for a total transaction of $90,528.00. Following the transaction, the chief operating officer now owns 30,142 shares in the company, valued at $1,446,816. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO Benjamin Felton sold 1,886 shares of the business's stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $48.00, for a total value of $90,528.00. Following the completion of the transaction, the chief operating officer now directly owns 30,142 shares of the company's stock, valued at approximately $1,446,816. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Maria Angelica Espinosa sold 2,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $48.30, for a total transaction of $120,750.00. Following the sale, the senior vice president now directly owns 14,263 shares of the company's stock, valued at approximately $688,902.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,486 shares of company stock worth $262,153. Company insiders own 0.54% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Cullen Capital Management LLC acquired a new stake in shares of Portland General Electric in the fourth quarter worth $1,089,000. Gabelli Funds LLC grew its position in Portland General Electric by 3.8% during the 1st quarter. Gabelli Funds LLC now owns 297,049 shares of the utilities provider's stock worth $12,476,000 after purchasing an additional 11,000 shares during the period. Quadrature Capital Ltd purchased a new stake in Portland General Electric in the 4th quarter worth $1,181,000. Jane Street Group LLC raised its position in Portland General Electric by 274.5% during the first quarter. Jane Street Group LLC now owns 197,687 shares of the utilities provider's stock worth $8,303,000 after acquiring an additional 144,900 shares during the period. Finally, Edgestream Partners L.P. lifted its holdings in Portland General Electric by 299.1% during the first quarter. Edgestream Partners L.P. now owns 102,993 shares of the utilities provider's stock valued at $4,326,000 after purchasing an additional 77,185 shares in the last quarter.

Portland General Electric Stock Up 1.1 %

Shares of NYSE:POR traded up $0.52 on Friday, hitting $48.09. 647,227 shares of the company traded hands, compared to its average volume of 960,210. The company has a market cap of $4.95 billion, a PE ratio of 18.23, a PEG ratio of 1.36 and a beta of 0.59. The stock has a 50 day simple moving average of $47.49 and a 200-day simple moving average of $44.51. Portland General Electric has a 52 week low of $38.01 and a 52 week high of $49.45. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.33.

Portland General Electric (NYSE:POR - Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The utilities provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.07. The company had revenue of $758.00 million during the quarter, compared to the consensus estimate of $716.43 million. Portland General Electric had a net margin of 9.24% and a return on equity of 9.15%. The firm's quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share. As a group, research analysts expect that Portland General Electric will post 3.08 earnings per share for the current year.

Portland General Electric Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 24th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 24th. This represents a $2.00 dividend on an annualized basis and a yield of 4.16%. Portland General Electric's dividend payout ratio is currently 76.63%.

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.