Shares of Portland General Electric (NYSE:POR) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $41.07.
Several equities analysts have recently commented on the company. Bank of America lowered Portland General Electric from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $41.00 to $39.00 in a research report on Tuesday, March 6th. JPMorgan Chase & Co. increased their price objective on Portland General Electric from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, April 10th. Zacks Investment Research upgraded Portland General Electric from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Mizuho assumed coverage on Portland General Electric in a research report on Wednesday, February 14th. They set a “buy” rating and a $43.50 price objective on the stock. Finally, Guggenheim reiterated a “hold” rating and set a $40.00 price objective on shares of Portland General Electric in a research report on Friday, February 23rd.
A number of institutional investors and hedge funds have recently bought and sold shares of POR. BlackRock Inc. grew its position in Portland General Electric by 8.2% during the 4th quarter. BlackRock Inc. now owns 8,922,780 shares of the utilities provider’s stock worth $406,703,000 after acquiring an additional 677,814 shares during the last quarter. APG Asset Management N.V. grew its position in Portland General Electric by 215.8% during the 4th quarter. APG Asset Management N.V. now owns 919,300 shares of the utilities provider’s stock worth $34,895,000 after acquiring an additional 628,200 shares during the last quarter. American Century Companies Inc. grew its position in Portland General Electric by 98.4% during the 1st quarter. American Century Companies Inc. now owns 1,089,470 shares of the utilities provider’s stock worth $44,134,000 after acquiring an additional 540,329 shares during the last quarter. Becker Capital Management Inc. grew its position in Portland General Electric by 10,232.8% during the 1st quarter. Becker Capital Management Inc. now owns 516,640 shares of the utilities provider’s stock worth $20,929,000 after acquiring an additional 511,640 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Portland General Electric by 33.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,840,200 shares of the utilities provider’s stock worth $83,876,000 after acquiring an additional 457,030 shares during the last quarter. Institutional investors and hedge funds own 92.70% of the company’s stock.
NYSE POR traded up $0.16 during trading on Monday, reaching $41.32. The company’s stock had a trading volume of 2,848 shares, compared to its average volume of 598,288. The firm has a market capitalization of $3.61 billion, a P/E ratio of 17.97, a P/E/G ratio of 6.75 and a beta of 0.20. The company has a quick ratio of 1.15, a current ratio of 1.35 and a debt-to-equity ratio of 0.99. Portland General Electric has a one year low of $39.02 and a one year high of $50.11.
Portland General Electric (NYSE:POR) last announced its quarterly earnings data on Friday, April 27th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The firm had revenue of $493.00 million for the quarter, compared to analyst estimates of $523.28 million. Portland General Electric had a return on equity of 8.08% and a net margin of 9.03%. The company’s revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. research analysts anticipate that Portland General Electric will post 2.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Monday, June 25th will be given a dividend of $0.3625 per share. This represents a $1.45 annualized dividend and a yield of 3.51%. This is a positive change from Portland General Electric’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Friday, June 22nd. Portland General Electric’s dividend payout ratio (DPR) is presently 59.39%.
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. The company operates seven thermal plants; seven hydroelectric plants; and two wind farms. As of December 31, 2017, it owned an electric transmission system consisting of 1,250 circuit miles, including 287 circuit miles of 500 kilovolt line, 402 circuit miles of 230 kilovolt line, and 561 miles of 115 kilovolt line.
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