Portland General Electric (NYSE:POR) Receives $47.00 Consensus PT from Brokerages

Portland General Electric (NYSE:POR) has received a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $47.00.

POR has been the topic of a number of analyst reports. UBS Group reissued a “neutral” rating and issued a $47.00 price target (down from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Barclays boosted their target price on Portland General Electric from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Jefferies Financial Group lowered their price target on Portland General Electric from $47.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Bank of America dropped 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 note on Tuesday, December 24th. Finally, LADENBURG THALM/SH SH cut shares of Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a report on Tuesday, February 18th.

Portland General Electric Price Performance

Shares of POR stock opened at $43.83 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.11 and a beta of 0.55. The business’s fifty day moving average is $42.96 and its 200 day moving average is $45.08. Portland General Electric has a twelve month low of $40.05 and a twelve month high of $49.85.

Portland General Electric (NYSE:POR) last issued its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The company had revenue of $824.00 million during the quarter, compared to analyst estimates of $716.17 million. During the same period last year, the business earned $0.67 EPS. Research analysts expect that Portland General Electric will post 3.21 EPS for the current fiscal year.

Portland General Electric Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.56%. Portland General Electric’s dividend payout ratio (DPR) is currently 66.45%.

Insider Activity at Portland General Electric

In other news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $41.32, for a total transaction of $56,815.00. Following the completion of the sale, the chief financial officer now owns 31,960 shares of the company’s stock, valued at $1,320,587.20. This represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by company insiders.

Institutional Trading of Portland General Electric

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Menard Financial Group LLC raised its holdings in Portland General Electric by 32.3% in the 4th quarter. Menard Financial Group LLC now owns 5,648 shares of the utilities provider’s stock worth $246,000 after purchasing an additional 1,378 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Portland General Electric during the 4th quarter valued at approximately $6,451,000. Mackenzie Financial Corp raised its stake in Portland General Electric by 145.1% during the 4th quarter. Mackenzie Financial Corp now owns 16,856 shares of the utilities provider’s stock worth $735,000 after acquiring an additional 9,980 shares during the period. Vise Technologies Inc. lifted its holdings in Portland General Electric by 10.7% during the fourth quarter. Vise Technologies Inc. now owns 9,541 shares of the utilities provider’s stock valued at $416,000 after purchasing an additional 924 shares in the last quarter. Finally, PharVision Advisers LLC bought a new position in shares of Portland General Electric in the fourth quarter worth approximately $272,000.

About Portland General Electric

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.