Portland General Electric (NYSE:POR) Receives $48.86 Average Price Target from Analysts

Portland General Electric (NYSE:POR - Get Free Report) has earned a consensus recommendation of "Hold" from the eight analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $48.86.

A number of brokerages have issued reports on POR. KeyCorp upgraded Portland General Electric from a "sector weight" rating to an "overweight" rating in a report on Monday, July 22nd. Barclays decreased their price objective on Portland General Electric from $49.00 to $48.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. Bank of America assumed coverage on shares of Portland General Electric in a report on Thursday, September 12th. They issued an "underperform" rating and a $47.00 price target for the company. Evercore ISI began coverage on shares of Portland General Electric in a research report on Wednesday, September 25th. They issued an "outperform" rating and a $54.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their target price on Portland General Electric from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd.

Insider Buying and Selling at Portland General Electric

In related news, SVP Maria Angelica Espinosa sold 2,500 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $48.30, for a total value of $120,750.00. Following the completion of the sale, the senior vice president now directly owns 14,263 shares in the company, valued at $688,902.90. The trade was a 14.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Portland General Electric

A number of hedge funds and other institutional investors have recently modified their holdings of POR. State Street Corp lifted its holdings in shares of Portland General Electric by 1.6% during the 3rd quarter. State Street Corp now owns 4,123,279 shares of the utilities provider's stock worth $199,509,000 after acquiring an additional 66,438 shares during the period. Geode Capital Management LLC lifted its stake in Portland General Electric by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,444,486 shares of the utilities provider's stock worth $117,114,000 after purchasing an additional 25,332 shares during the last quarter. Zimmer Partners LP boosted its holdings in shares of Portland General Electric by 107.0% in the 3rd quarter. Zimmer Partners LP now owns 1,842,542 shares of the utilities provider's stock valued at $88,258,000 after purchasing an additional 952,214 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Portland General Electric by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,508,666 shares of the utilities provider's stock worth $65,234,000 after buying an additional 86,718 shares in the last quarter. Finally, HITE Hedge Asset Management LLC lifted its position in shares of Portland General Electric by 7.1% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 1,485,099 shares of the utilities provider's stock worth $64,216,000 after buying an additional 97,922 shares during the last quarter.

Portland General Electric Price Performance

Shares of Portland General Electric stock traded up $0.76 during midday trading on Friday, reaching $46.65. The company had a trading volume of 1,042,136 shares, compared to its average volume of 954,878. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.18 and a beta of 0.59. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28. The stock has a fifty day simple moving average of $47.55 and a 200 day simple moving average of $45.93. Portland General Electric has a 1-year low of $39.13 and a 1-year high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The utilities provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $929.00 million during the quarter, compared to analysts' expectations of $882.66 million. Portland General Electric had a net margin of 10.30% and a return on equity of 10.28%. Portland General Electric's revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 EPS. As a group, equities research analysts forecast that Portland General Electric will post 3.11 earnings per share for the current year.

Portland General Electric Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 24th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 24th. This represents a $2.00 annualized dividend and a dividend yield of 4.29%. Portland General Electric's dividend payout ratio is currently 59.70%.

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.