KeyCorp Downgrades Portland General Electric (NYSE:POR) to Sector Weight

KeyCorp cut shares of Portland General Electric (NYSE:POR) from an overweight rating to a sector weight rating in a report published on Wednesday, MarketBeat.com reports. They currently have $51.00 target price on the utilities provider’s stock. KeyCorp also issued estimates for Portland General Electric’s Q2 2025 earnings at $0.93 EPS, Q3 2025 earnings at $0.77 EPS and FY2025 earnings at $3.22 EPS.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $44.00 price target (down previously from $50.00) on shares of Portland General Electric in a report on Thursday, April 10th. UBS Group raised Portland General Electric from a “neutral” rating to a “buy” rating and increased their price objective for the company from $47.00 to $50.00 in a research report on Monday, May 5th. Evercore ISI decreased their target price on Portland General Electric from $51.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. StockNews.com raised Portland General Electric from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Finally, LADENBURG THALM/SH SH cut Portland General Electric from a “buy” rating to a “neutral” rating and set a $42.00 target price for the company. in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $45.50.

Portland General Electric Stock Performance

POR stock opened at $42.68 on Wednesday. Portland General Electric has a 52 week low of $40.05 and a 52 week high of $49.85. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.92. The stock has a market cap of $4.67 billion, a P/E ratio of 14.18, a P/E/G ratio of 1.11 and a beta of 0.57. The firm has a 50 day simple moving average of $42.92 and a 200 day simple moving average of $43.73.

Portland General Electric (NYSE:POR) last issued its earnings results on Friday, April 25th. The utilities provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.02). The firm had revenue of $928.00 million during the quarter, compared to analysts’ expectations of $977.02 million. Portland General Electric had a net margin of 9.13% and a return on equity of 9.10%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 EPS. Research analysts anticipate that Portland General Electric will post 3.21 earnings per share for the current fiscal year.

Portland General Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 24th will be given a $0.525 dividend. This is an increase from Portland General Electric’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, June 24th. This represents a $2.10 annualized dividend and a yield of 4.92%. Portland General Electric’s payout ratio is presently 73.94%.

Insider Buying and Selling

In other Portland General Electric news, CFO Joseph R. Trpik, Jr. sold 1,375 shares of Portland General Electric stock in a transaction on 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 approximately $1,320,587.20. The trade was a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Benjamin Felton sold 1,845 shares of the stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $43.02, for a total transaction of $79,371.90. Following the completion of the sale, the executive vice president now owns 32,646 shares in the company, valued at $1,404,430.92. This represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,795 shares of company stock worth $159,946 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Portland General Electric

A number of large investors have recently bought and sold shares of POR. True Wealth Design LLC bought a new stake in shares of Portland General Electric during the fourth quarter worth $27,000. Wayfinding Financial LLC bought a new stake in shares of Portland General Electric in the first quarter valued at about $27,000. Private Trust Co. NA boosted its position in shares of Portland General Electric by 62.6% during the first quarter. Private Trust Co. NA now owns 634 shares of the utilities provider’s stock worth $28,000 after buying an additional 244 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of Portland General Electric during the fourth quarter worth about $29,000. Finally, Global X Japan Co. Ltd. raised its position in Portland General Electric by 113.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 650 shares of the utilities provider’s stock valued at $29,000 after buying an additional 345 shares during 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.