Portland General Electric (NYSE:POR) has been assigned an average rating of “Hold” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given 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 $41.44.
Several analysts have weighed in on POR shares. Zacks Investment Research raised Portland General Electric from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Bank of America cut Portland General Electric from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $41.00 to $39.00 in a report on Tuesday. Mizuho started coverage on Portland General Electric in a report on Wednesday, February 14th. They set a “buy” rating and a $43.50 price objective for the company. Guggenheim reissued a “hold” rating and set a $40.00 price objective on shares of Portland General Electric in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Portland General Electric from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th.
Portland General Electric (POR) traded down $0.26 during trading on Wednesday, hitting $39.14. The company had a trading volume of 95,197 shares, compared to its average volume of 819,763. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.22 and a quick ratio of 1.04. Portland General Electric has a fifty-two week low of $39.08 and a fifty-two week high of $50.11. The company has a market capitalization of $3,590.42, a PE ratio of 18.65, a price-to-earnings-growth ratio of 6.17 and a beta of 0.25.
Portland General Electric (NYSE:POR) last released its quarterly earnings results on Friday, February 16th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $515.00 million during the quarter, compared to analysts’ expectations of $514.60 million. Portland General Electric had a return on equity of 8.50% and a net margin of 9.31%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 earnings per share. equities analysts predict that Portland General Electric will post 2.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, March 26th will be given a $0.34 dividend. The ex-dividend date is Friday, March 23rd. This represents a $1.36 annualized dividend and a dividend yield of 3.47%. Portland General Electric’s dividend payout ratio is presently 64.76%.
In related news, VP Bradley Young Jenkins sold 618 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $40.47, for a total value of $25,010.46. Following the completion of the transaction, the vice president now directly owns 896 shares in the company, valued at approximately $36,261.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Cerebellum GP LLC acquired a new position in shares of Portland General Electric in the 4th quarter valued at approximately $122,000. Public Employees Retirement Association of Colorado bought a new stake in Portland General Electric in the 4th quarter valued at approximately $161,000. Mark Sheptoff Financial Planning LLC lifted its stake in Portland General Electric by 121.2% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 3,650 shares of the utilities provider’s stock valued at $167,000 after acquiring an additional 2,000 shares in the last quarter. Jane Street Group LLC bought a new stake in Portland General Electric in the 3rd quarter valued at approximately $201,000. Finally, Breton Hill Capital Ltd. bought a new stake in Portland General Electric in the 3rd quarter valued at approximately $204,000. Institutional investors and hedge funds own 91.53% of the company’s stock.
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Portland General Electric Company Profile
Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.
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