Portland General Electric (NYSE:POR) Receives $47.38 Average Target Price from Analysts

Shares of Portland General Electric (NYSE:POR - Get Free Report) have been assigned a consensus rating of "Hold" from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $47.38.

Several research firms have recently commented on POR. KeyCorp lowered their price objective on shares of Portland General Electric from $52.00 to $51.00 and set an "overweight" rating for the company in a research note on Wednesday, December 4th. Barclays dropped their price target on shares of Portland General Electric from $48.00 to $42.00 and set an "equal weight" rating for the company in a research note on Monday. Jefferies Financial Group reduced their price objective on Portland General Electric from $47.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday. UBS Group restated a "neutral" rating and set a $47.00 price target (down previously from $52.00) on shares of Portland General Electric in a report on Friday, January 3rd. Finally, Bank of America decreased their price objective on Portland General Electric from $46.00 to $43.00 and set an "underperform" rating for the company in a research note on Tuesday, December 24th.

Portland General Electric Trading Down 0.0 %

Portland General Electric stock traded down $0.02 during midday trading on Thursday, reaching $41.27. 1,573,456 shares of the stock traded hands, compared to its average volume of 1,199,317. The firm has a market cap of $4.35 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.05 and a beta of 0.60. 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 company has a 50-day simple moving average of $44.02 and a two-hundred day simple moving average of $46.19. Portland General Electric has a 12-month low of $39.13 and a 12-month high of $49.85.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its position in Portland General Electric by 74.4% in the 3rd quarter. Allworth Financial LP now owns 621 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 265 shares during the last quarter. First Pacific Financial raised its holdings in shares of Portland General Electric by 2.9% in the third quarter. First Pacific Financial now owns 12,331 shares of the utilities provider's stock valued at $591,000 after buying an additional 347 shares during the last quarter. Choreo LLC boosted its stake in shares of Portland General Electric by 1.4% during the fourth quarter. Choreo LLC now owns 26,511 shares of the utilities provider's stock worth $1,166,000 after buying an additional 371 shares during the period. Versant Capital Management Inc grew its holdings in shares of Portland General Electric by 151.0% during the fourth quarter. Versant Capital Management Inc now owns 748 shares of the utilities provider's stock worth $33,000 after buying an additional 450 shares during the last quarter. Finally, Townsquare Capital LLC increased its position in Portland General Electric by 6.4% in the 3rd quarter. Townsquare Capital LLC now owns 7,607 shares of the utilities provider's stock valued at $364,000 after acquiring an additional 458 shares during the period.

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.