Brokerages Set Portland General Electric Company (NYSE:POR) PT at $50.90

by · The Cerbat Gem

Shares of Portland General Electric Company (NYSE:PORGet Free Report) have earned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $50.70.

A number of research analysts recently weighed in on POR shares. Zacks Research downgraded shares of Portland General Electric from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. boosted their price target on shares of Portland General Electric from $51.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Weiss Ratings upgraded shares of Portland General Electric from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Wells Fargo & Company set a $51.00 price objective on Portland General Electric in a report on Tuesday, April 21st. Finally, BMO Capital Markets set a $52.00 target price on Portland General Electric in a research report on Tuesday.

Read Our Latest Report on Portland General Electric

Portland General Electric Trading Down 1.6%

NYSE POR opened at $49.25 on Monday. Portland General Electric has a 52 week low of $41.64 and a 52 week high of $54.62. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.86 and a current ratio of 0.98. The stock’s 50 day moving average price is $51.16 and its two-hundred day moving average price is $51.36. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 2.15 and a beta of 0.52.

Portland General Electric (NYSE:PORGet Free Report) last issued its quarterly earnings results on Friday, July 31st. The utilities provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $814.00 million for the quarter, compared to the consensus estimate of $839.75 million. Portland General Electric had a return on equity of 7.47% and a net margin of 7.27%.Portland General Electric’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. Portland General Electric has set its FY 2026 guidance at 3.330-3.530 EPS. As a group, analysts anticipate that Portland General Electric will post 3.4 earnings per share for the current fiscal year.

Portland General Electric Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, September 25th will be given 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 yield of 4.5%. Portland General Electric’s dividend payout ratio is 96.92%.

Insider Buying and Selling at Portland General Electric

In related news, Director Robert N. Hoglund purchased 2,000 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $48.80 per share, with a total value of $97,600.00. Following the transaction, the director directly owned 2,519 shares of the company’s stock, valued at $122,927.20. This trade represents a 385.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael A. Lewis sold 1,537 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $51.83, for a total value of $79,662.71. Following the sale, the director owned 15,045 shares in the company, valued at approximately $779,782.35. This represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of Portland General Electric

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Portland General Electric by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 13,020,573 shares of the utilities provider’s stock worth $624,857,000 after purchasing an additional 513,517 shares during the last quarter. State Street Corp lifted its stake in Portland General Electric by 3.4% in the 4th quarter. State Street Corp now owns 4,728,784 shares of the utilities provider’s stock valued at $229,333,000 after purchasing an additional 156,164 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Portland General Electric by 1,342.7% in the 4th quarter. Clearbridge Investments LLC now owns 4,643,134 shares of the utilities provider’s stock valued at $222,824,000 after purchasing an additional 4,321,305 shares during the last quarter. AQR Capital Management LLC grew its holdings in Portland General Electric by 42.2% during the fourth quarter. AQR Capital Management LLC now owns 3,551,731 shares of the utilities provider’s stock worth $170,448,000 after purchasing an additional 1,054,450 shares during the period. Finally, Geode Capital Management LLC increased its position in Portland General Electric by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 2,805,796 shares of the utilities provider’s stock worth $134,680,000 after buying an additional 73,185 shares during the last quarter.

About Portland General Electric

(Get Free Report)

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.

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