Portland General Electric Company (NYSE:POR) Stock Has Average Price Target of $51.15

by · The Markets Daily

Portland General Electric Company (NYSE:POR – Get Free Report) has earned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $51.15.

A number of brokerages have commented on POR. BMO Capital Markets set a $52.00 target price on Portland General Electric in a research note on Tuesday, August 4th. Weiss Ratings cut Portland General Electric from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, August 27th. Zacks Research raised Portland General Electric from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. reduced their price objective on Portland General Electric from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, September 9th. Finally, LADENBURG THALM/SH SH upgraded Portland General Electric from a “neutral” rating to a “buy” rating and set a $48.50 price objective for the company in a research note on Thursday, August 13th.

View Our Latest Analysis on Portland General Electric

Portland General Electric Stock Down 0.7%

POR stock opened at $46.57 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.98 and a quick ratio of 0.86. Portland General Electric has a 1-year low of $42.58 and a 1-year high of $54.62. The firm has a fifty day moving average price of $49.52 and a two-hundred day moving average price of $50.64. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.05 and a beta of 0.51.

Portland General Electric (NYSE:POR – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.The business had revenue of $814.00 million during the quarter, compared to the consensus estimate of $839.75 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts predict that Portland General Electric will post 3.38 EPS for the current year.

Portland General Electric Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.5513 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $2.21 annualized dividend and a dividend yield of 4.7%. Portland General Electric’s payout ratio is 96.92%.

Insider Activity at Portland General Electric

In other news, Director Michael Lewis sold 1,537 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $51.83, for a total transaction of $79,662.71. Following the completion of the transaction, the director owned 15,045 shares in the company, valued at approximately $779,782.35. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC raised its holdings in shares of Portland General Electric by 112.9% during the fourth quarter. Rothschild Investment LLC now owns 611 shares of the utilities provider’s stock valued at $29,000 after buying an additional 324 shares during the last quarter. SHP Wealth Management acquired a new stake in Portland General Electric in the 4th quarter valued at approximately $34,000. Root Financial Partners LLC raised its stake in Portland General Electric by 55.8% during the 1st quarter. Root Financial Partners LLC now owns 1,014 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 363 shares in the last quarter. State of Wyoming raised its stake in Portland General Electric by 32.9% during the 2nd quarter. State of Wyoming now owns 1,193 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 295 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in Portland General Electric by 426.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,369 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 1,919 shares during the period.

Portland General Electric Company Profile

(Get Free Report)

Portland General Electric Company (NYSE: POR) is an investor-owned electric utility that generates, purchases, transmits, distributes and sells electricity in Oregon. The company serves residential, commercial, industrial and other customers, offering electric delivery and related energy services across its service territory.

Founded in 1889, Portland General Electric is headquartered in Portland, Oregon, and serves communities in the Portland metropolitan area and the Willamette Valley, among other parts of the state.

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