Portland General Electric (NYSE:POR) Receives $45.78 Consensus Target Price from Brokerages

Portland General Electric (NYSE:POR) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $45.78.

A number of research firms have recently issued reports on POR. Evercore ISI raised their target price on shares of Portland General Electric from $50.00 to $51.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $44.00 price target (down from $50.00) on shares of Portland General Electric in a report on Thursday, April 10th. UBS Group reiterated a “neutral” rating and set a $47.00 price objective (down previously from $52.00) on shares of Portland General Electric in a research report on Friday, January 3rd. Barclays lifted 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. Finally, Bank of America decreased 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.

Portland General Electric Price Performance

NYSE:POR opened at $42.99 on Tuesday. Portland General Electric has a 12-month low of $40.05 and a 12-month high of $49.85. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 1.11 and a beta of 0.49. The stock’s 50 day moving average price is $43.49 and its two-hundred day moving average price is $44.51. The company has a quick ratio of 0.81, a current ratio of 0.92 and a debt-to-equity ratio of 1.22.

Portland General Electric (NYSE:POR) last posted its quarterly earnings results on Friday, February 14th. The utilities provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Portland General Electric had a return on equity of 9.10% and a net margin of 9.13%. The business had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $716.17 million. During the same quarter in the prior year, the business earned $0.67 EPS. On average, analysts anticipate that Portland General Electric will post 3.21 earnings per share for the current year.

Portland General Electric Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 24th. This represents a $2.00 annualized dividend and a yield of 4.65%. Portland General Electric’s dividend payout ratio is 66.45%.

Insider Buying and Selling at Portland General Electric

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $41.32, for a total value of $56,815.00. Following the sale, the chief financial officer now owns 31,960 shares of the company’s stock, valued at approximately $1,320,587.20. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Trading of Portland General Electric

Several institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp raised its stake in Portland General Electric by 13.7% during the third quarter. Stifel Financial Corp now owns 51,962 shares of the utilities provider’s stock worth $2,489,000 after acquiring an additional 6,279 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Portland General Electric by 11.6% during the 3rd quarter. MML Investors Services LLC now owns 54,833 shares of the utilities provider’s stock valued at $2,627,000 after purchasing an additional 5,712 shares during the last quarter. Geode Capital Management LLC increased its position in Portland General Electric by 1.0% during the 3rd 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 in the last quarter. Coldstream Capital Management Inc. lifted its stake in Portland General Electric by 20.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,078 shares of the utilities provider’s stock valued at $291,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in Portland General Electric by 53.0% in the third quarter. Sanctuary Advisors LLC now owns 14,254 shares of the utilities provider’s stock valued at $678,000 after buying an additional 4,936 shares in the last quarter.

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.