Portland General Electric (NYSE:POR) Given Consensus Rating of "Hold" by Brokerages

Shares of Portland General Electric (NYSE:POR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $48.88.

POR has been the topic of a number of recent analyst reports. Bank of America dropped their price objective on Portland General Electric from $46.00 to $43.00 and set an "underperform" rating on the stock in a research note on Tuesday, December 24th. Jefferies Financial Group started coverage on Portland General Electric in a report on Friday, September 20th. They set a "hold" rating and a $48.00 price target on the stock. StockNews.com raised shares of Portland General Electric from a "sell" rating to a "hold" rating in a research report on Tuesday, September 24th. UBS Group reiterated a "neutral" rating and set a $47.00 target price (down previously from $52.00) on shares of Portland General Electric in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Portland General Electric from $54.00 to $55.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its stake in Portland General Electric by 22.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 33,296 shares of the utilities provider's stock valued at $1,440,000 after acquiring an additional 6,159 shares in the last quarter. Rhumbline Advisers boosted its holdings in Portland General Electric by 2.9% during the second quarter. Rhumbline Advisers now owns 357,664 shares of the utilities provider's stock worth $15,465,000 after purchasing an additional 10,030 shares during the last quarter. National Bank of Canada FI bought a new stake in Portland General Electric in the 2nd quarter worth about $6,152,000. Victory Capital Management Inc. increased its stake in Portland General Electric by 6.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,076,806 shares of the utilities provider's stock valued at $46,561,000 after buying an additional 69,392 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Portland General Electric by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 28,337 shares of the utilities provider's stock valued at $1,225,000 after buying an additional 546 shares during the last quarter.

Portland General Electric Trading Down 0.1 %

POR stock traded down $0.06 during trading on Friday, hitting $43.15. The company had a trading volume of 1,684,053 shares, compared to its average volume of 1,408,076. The stock has a market cap of $4.55 billion, a PE ratio of 12.88, a PEG ratio of 1.13 and a beta of 0.59. The business has a 50-day moving average of $45.91 and a 200-day moving average of $46.34. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.28. Portland General Electric has a one year low of $39.13 and a one year high of $49.85.

Portland General Electric (NYSE:POR - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The utilities provider reported $0.90 earnings per share 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 for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 earnings per share. Research analysts predict that Portland General Electric will post 3.11 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 24th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Tuesday, December 24th. 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.