Shares of Portland General Electric (NYSE:POR) have received a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $43.63.
POR has been the subject of a number of recent research reports. KeyCorp raised shares of Portland General Electric from a “sector weight” rating to an “overweight” rating and set a $49.00 price objective for the company in a research note on Tuesday, January 12th. The Goldman Sachs Group raised Portland General Electric from a “sell” rating to a “neutral” rating and set a $49.00 price objective on the stock in a research note on Monday, March 22nd. Zacks Investment Research lowered Portland General Electric from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, TheStreet raised Portland General Electric from a “c+” rating to a “b” rating in a research report on Friday, February 19th.
A number of hedge funds have recently bought and sold shares of POR. BlackRock Inc. boosted its position in Portland General Electric by 10.5% in the 4th quarter. BlackRock Inc. now owns 7,415,616 shares of the utilities provider’s stock valued at $317,164,000 after buying an additional 702,858 shares during the period. Norges Bank purchased a new position in Portland General Electric during the 4th quarter worth $24,490,000. Truist Financial Corp raised its position in Portland General Electric by 108.6% during the 4th quarter. Truist Financial Corp now owns 809,732 shares of the utilities provider’s stock valued at $34,632,000 after purchasing an additional 421,621 shares in the last quarter. Anchor Capital Advisors LLC grew its position in shares of Portland General Electric by 38.1% during the 4th quarter. Anchor Capital Advisors LLC now owns 1,228,158 shares of the utilities provider’s stock worth $52,528,000 after buying an additional 338,776 shares in the last quarter. Finally, Coann Capital LLC purchased a new position in shares of Portland General Electric during the fourth quarter valued at $9,626,000. 90.99% of the stock is currently owned by institutional investors.
Shares of NYSE:POR traded up $0.11 during mid-day trading on Thursday, reaching $48.63. The stock had a trading volume of 12,109 shares, compared to its average volume of 722,346. The company has a market cap of $4.36 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 2.91 and a beta of 0.26. The business’s 50 day moving average price is $45.25 and its 200 day moving average price is $41.94. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 1.07. Portland General Electric has a 1 year low of $31.96 and a 1 year high of $53.42.
Portland General Electric (NYSE:POR) last posted its earnings results on Thursday, February 18th. The utilities provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.15. Portland General Electric had a return on equity of 9.97% and a net margin of 7.67%. The firm had revenue of $556.00 million during the quarter, compared to the consensus estimate of $553.33 million. During the same period in the prior year, the company earned $0.69 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts predict that Portland General Electric will post 2.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, March 25th will be paid a $0.4075 dividend. The ex-dividend date of this dividend is Wednesday, March 24th. This represents a $1.63 dividend on an annualized basis and a yield of 3.35%. Portland General Electric’s payout ratio is 68.20%.
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. The company operates six thermal plants; seven hydroelectric plants; and three wind farms. As of December 31, 2020, it owned an electric transmission system consisting of 1,269 circuit miles, including 287 circuit miles of 500 kilovolt line, 414 circuit miles of 230 kilovolt line, and 568 miles of 115 kilovolt line.
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