Portland General Electric (NYSE:POR) Given New $42.00 Price Target at Jefferies Financial Group

Portland General Electric (NYSE:POR - Free Report) had its price objective decreased by Jefferies Financial Group from $47.00 to $42.00 in a report published on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the utilities provider's stock.

POR has been the topic of a number of other reports. KeyCorp dropped their target price on Portland General Electric from $52.00 to $51.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 4th. Barclays lowered their target price on shares of Portland General Electric from $48.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday. UBS Group restated a "neutral" rating and set a $47.00 price target (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price objective on Portland General Electric from $54.00 to $55.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Bank of America lowered their price target on shares of Portland General Electric from $46.00 to $43.00 and set an "underperform" rating on the stock in a research report on Tuesday, December 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $47.38.

Portland General Electric Stock Performance

POR stock traded down $0.26 during trading on Tuesday, reaching $41.05. The company had a trading volume of 452,230 shares, compared to its average volume of 1,160,155. Portland General Electric has a twelve month low of $39.13 and a twelve month high of $49.85. The firm has a 50-day simple moving average of $44.02 and a 200-day simple moving average of $46.19. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.86 and a current ratio of 0.98. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 1.05 and a beta of 0.60.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in Portland General Electric in the third quarter valued at $25,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Portland General Electric in the 4th quarter worth about $29,000. Allworth Financial LP raised its stake in shares of Portland General Electric by 74.4% during the third quarter. Allworth Financial LP now owns 621 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 265 shares in the last quarter. Versant Capital Management Inc boosted its stake in Portland General Electric by 151.0% during the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider's stock valued at $33,000 after buying an additional 450 shares in the last quarter. Finally, Quarry LP lifted its stake in Portland General Electric by 962.3% during the second quarter. Quarry LP now owns 1,636 shares of the utilities provider's stock valued at $71,000 after purchasing an additional 1,482 shares during the last quarter.

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.